Monday 21st May 2018, 13:45 (for a 14:00 start) – 16:00, House of Lords, Westminster
This Commission Inquiry is convening leading industry, academic, policy and political partners to investigate the potential for innovation in ageing across the UK. This first session will focused on Retirement communities and care homes.
There is an appetite amongst policy makers to find out ‘what works’ in terms of health innovation, and how good ideas can diffuse across health and social care. We believe this Commission Inquiry can achieve meaningful change and identify much-needed solutions in light of population ageing; we are also expecting a high level of press attention.
Structure of the Commission Inquiry
This major Commission Inquiry will build on our previous work and will operate on an Inquiry format, gathering oral evidence in Commission Inquiry sessions. While the potential for innovation to ‘disrupt’ ageing is widely acknowledged, so far we have failed to assess and systematically explore the role of innovation across the ageing pathway.
To address this, we will hold four sessions on the following themes:
- Retirement communities and care homes – Monday 21st May
- The built environment including transport, planning and design – Wednesday 30th May
- Physical and mental health – Monday 9th July
- Social connections including isolation and loneliness – Thursday 12th July
If you are interested in attending any of these other sessions, please let us know. All session will held in Central London venues.
Background to the Commission Inquiry
Our first report, Creating a Sustainable 21st Century Healthcare System, argued that the NHS should be supported to continue to invest in innovation in order to save more money in the long-term. It identified a number of promising global innovations and addressed the reasons why some innovations succeed and some fail to live up to expectations.
Our second report, Towards Affordable Healthcare: Why effective innovation is key, calculated theoretical cost savings if selected innovations were scaled-up and applied across England. It also pressed home the need for effective innovation, showing that if action is not taken now, health spending as a percentage of GDP will increase to unsustainable levels in the future.
Expert witness Helene Feger, Director of Strategy, Communications and Engagement, Professional Record Standards Body shared the following video via social media on the day of the session.
Wednesday 23rd July 2014; Staple Inn Hall, High Holborn, London, WC1V 7QJ, 14:30 (for a 15:00 start) – 17:30
We held an event to launch SOS 2020, supported by Aviva and Ernst and Young. This event was kindly sponsored by the Institute and Faculty of Actuaries (IFoA).
Last week the OBR Fiscal Sustainability Report noted that "public finances are likely to come under pressure over the longer term, primarily as the result of an ageing population. Under our definition of unchanged policy, the Government would end up having to spend more as a share of national income on age-related items such as pensions and health care, but the same demographic trends would leave government revenues roughly stable."
But whilst there is greater awareness of the fiscal challenges of ageing, there has been little progress in addressing an overarching plan to address the challenges. ILC-UK is launching SOS 2020 to begin to identify costed solutions to the fiscal challenges of ageing.
The House of Lords Select Committee on Public Service and Demographic Change, in its 2013 report “Ready for Ageing”, began by saying “the UK population is ageing rapidly, but we have concluded that the Government and our society are woefully underprepared.”
SOS 2020 is a major new programme of work led by ILC-UK which will raise awareness of the need to adapt our economy and society to the big strategic challenges posed by an ageing population.
SOS 2020 will outline the specific policy measures needed to achieve this goal. It will illuminate the issues that face us and develop fully considered and costed solutions that will act as a “call to action” to policy-makers and politicians. Above all SOS 2020 aims to raise national and international awareness of problems and possible solutions in which we all have a vested interest.
In an increasingly interdependent world, there is a need to look beyond national shores for arguably collective consensus and joint solutions. SOS 2020 will give us the opportunity to do this.
ILC-UK launched SOS 2020 with specific projects exploring retirement income sustainability and healthcare sustainability.
This launch event gave delegates an opportunity to feed in their thoughts on how to ensure our public policy maximises the opportunities of our ageing society.
The presentation slides from the event are available to view below: