By Marcus Leach

A change of career could become a more possible option for people in their fifties and sixties now that the official retirement age has now been
legally removed, according to London based trading and brokerage house,
Schneider Trading Associates (STA).

STA already offers an alternative avenue for people of any age who are
looking for an exciting career change through their Professional Trader
Programme (PTP). However, since it was announced at the beginning of October that employers cannot compulsorily retire workers at 65, Schneider believes more people will consider adopting a different career later in life.

With age discrimination a continuing problem, the new legislation comes as a
welcoming step towards further equality in the UK job market. The recession
has hit the UK economy extraordinarily hard and many people have recently
faced redundancy; men and women of a certain age have found it difficult to
get back into a job they are qualified for. Now a new career has the
potential to be more long-lasting for the candidate, whilst employers do not
need to face uneasiness about a retiring workforce, the option is more

STA’s four week Professional Trader Programme for people who want to kick
start their career in trading has no age barrier and no previous experience
or qualifications are required. There is no charge for the PTP and if
assessments are successfully completed, candidates will be offered a
self-employed position and place on STAs three year training and mentorship

“The removal of a compulsory retirement age will be welcome news for huge numbers of people, especially those who are faced with changing careers. I have been training traders of all ages and from all backgrounds for 5 years at Schneider and in my experience what makes a successful trader is aptitude for the role and the right attitude, and I believe this to be true of any number of jobs," Matt Silvester, head of training at STA, said.

“Although we receive large numbers of applicants from recent university
leavers, the PTP is not just a typical graduate training scheme, it is an
opportunity for anyone to explore a new career, as long as they’re up to
the challenge. If the candidate successfully completes the assessments
during the four week programme, which is completely free of charge, they
will then progress onto the three year training and mentorship scheme and be
offered a self-employed position with STA.”

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