A new report by Professor Les Mayhew and Dr David Smith from Cass Business School's Faculty of Actuarial Science and Insurance and Duncan O' Leary, Research Director at Demos draws on research published by the International Longevity Centre - UK into the concept of the 'Equity Bank'.

'Paying for Care Costs in Later Life Using the Value in People's Homes', published in The Geneva Papers examines two new financial arrangements designed to meet the needs of people whom require social care in different financial circumstances. The first option considered is an equity-backed insurance product, and the second an 'Equity Bank' (the idea of using the home as a low-cost method to boost income).

The concept was originally explored in 'The UK Equity Bank - Towards Income Security in Old Age' published by the International Longevity Centre - UK. The UK Equity Bank would allow people to exchange a fixed proportion of the equity in their home for a lifetime income linked to inflation. The report found that providing people with a secure income by unlocking the equity in housing assets could improve standards of living for the benefit of the people themselves, the local community and society as a whole.

To read 'Paying for Care Costs in Later Life Using the Value in People's Homes' in full, please follow the link below.

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Paying for Care Costs in Later Life Using the Value in People's Homes ()

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Innovating for Ageing: Just and ILC-UK launch new initiative to develop creative solutions for tackling vulnerability in later life

ILC-UK are inviting interested parties to offer a bid to help us update the ILC-UK website.

In May this year, ILC-UK conducted a study mission to Japan supported by our sister organisation, ILC-Japan, and funded by the Daiwa Anglo-Japanese Foundation and the Great Britain Sasakawa Foundation.

Two complementary research reports published today by ILC-UK have both found that physical and mental illness at younger ages can have a significant impact on employment trajectories in later life.

A new report from the International Longevity Centre (ILC-UK), ‘Public health in Europe during the austerity years’, has identified early warning signs that austerity will affect health outcomes for decades to come.

Innovative new programme revealed at ILC-UK’s flagship “Future of Ageing” conference London