EVENTS:

Pensions,Quality of Life,Work and Retirement

Sunday 21st September 2014; Green Room, Bridgewater Hall, Lower Mosley St, Manchester, M2 3WS (Outside the secure zone); 18:30 (for 19:00) to 21:00
Exclusive Invitation Only dinner debate

ILC-UK and the University of Manchester, supported by the British Society of Gerontology

 

A private dinner debate in Manchester during the Labour Party Conference 2014. During the debate we considered how we can maximise the economic benefits of extending working lives whilst minimising the social challenges.

In June, the Government set out a new action plan to help older workers stay in the workplace. The ‘Fuller Working Lives’ framework for action sets out a series of proposals to support extending working lives. It announced the appointment of a new Business Champion for Older Workers.

Encouraging and supporting people to stay on in work longer is likely to be vital to future economic success. Older workers will play a significant role in addressing skills gaps and increasing the average age of retirement is likely to deliver positive results in terms of retirement income.

According to Office for National Statistics estimates, in the next 10 years there will be 700,000 fewer people aged 16 to 49 but 3.7 million more people aged between 50 and State Pension age – a fundamental shift in the age distribution of the UK workforce which industry cannot ignore.

While the UK employment rate for 55 to 64 year olds is around 60% and growing, the recent improvement has been relatively modest compared to many other nations, and several countries achieve employment rates of around 70% or above – so there is significant room for improvement.

During this debate we explored what more can be done to extend working lives and how we can manage the social challenges.

This was an exclusive invitation only dinner debate.