Risk perspectives - Planning for the retirement of key staff

After many years serving the industry, the retirement of any individual is often preceded by several weeks of winding down and tying up loose ends. Last working days are often clouded with sentiment and reflection but there may be a tendency to let the usual high standards of work slip below the desired level. Departing individuals may also take their eye off the ball, provide inadequate handovers, and leaving their colleagues in the lurch in the event of a negligence claim.

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