NEWS:

 

ILC-UK has today responded to the interim report of the Independent Public Sector Pensions Commission. Chief-Executive Baroness Sally Greengross said:

"ILC-UK welcomes the publication of the interim report. Public sector pensions are a huge challenge within an ageing society. It is right that the coalition government addresses this challenge urgently, in an objective manner and based on evidence. In particular, we welcome the commitment to protect pensioners' accrued rights. However, using higher contributions from today's public sector workforce to fund exisiting entitlements risks undermining intergenerational fairness."

Our response is published in full in an article by Dr Craig Berry, Senior Researcher at ILC-UK and former Policy Advisor on pensions at HM Treasury (see below). In his article, Dr Berry argues in addition that moves towards raising the normal retirement age for public sector schemes, and away from 'final salary' entitlements, should be cautiously applauded. As long as such measures do not allow the government to scale back public sector pensions provision through the back door, they could allow the public sector to pioneer a more flexible approach to work and retirement, and set realistic benchmarks for the private sector to compete with.

For any enquiries, contact ILC-UK: info@ilcuk.org.uk or 0207 340 0440.

TOP STORIES

The International Longevity Centre – UK (ILC-UK) and Just Group have analysed the submissions and created a shortlist to take forward that helps deal with ageing issues such as cognitive decline, failing physical health, loneliness and digital exclusion.

We are looking for an experienced, flexible and proactive candidate to support the Senior Management Team in managing the financials of the organisation.

The ILC-UK has launched a Commission Inquiry on Health and Wellbeing Innovation, supported by Audley Retirement Villages and EY.

However, the analysis also finds the higher the proportion of over 70s in a local population, the higher the rate of productivity growth

Just and ILC-UK ‘Innovating for Ageing’ project calls for submissions on problems relating to consumer vulnerability

Life expectancy and health outcomes worsen the more deprived an area or population is, new research from Cass Business School has found.

CATEGORIES: