Commenting on today’s (26 July) Treasury Select Committee report which argued that the “Government must act now to tackle looming crisis from 12 million pension under-savers”, Ben Franklin, Assistant Director of Research and Policy at the International Longevity Centre – UK (ILC-UK) said:
“Auto-enrolment has successfully led to millions more saving each month towards a pension, but the Committee is right to call for action to get people saving more. We are pleased they support our recommendations to consider automatic escalation of pension contributions for some individuals, and we agree that a strategy is needed to automatically-enrol the self-employed.
“With pension freedom comes pension responsibility, however the general public deserve support in navigating the often complicated world of decumulation. The International Longevity Centre has been calling for default guidance to ensure people receive support before accessing their pension pots, and are pleased the Committee join us in recommending this”.
Notes to Editors:
1) The Treasury Select Committee’s report ‘19th Report - Household finances: income, saving and debt’ was published on 26 July 2018 and is available here: https://publications.parliament.uk/pa/cm201719/cmselect/cmtreasy/565/565.pdf
2) The International Longevity Centre – UK submitted written evidence to the Treasury Select Committee’s inquiry, which is available here: http://data.parliament.uk/writtenevidence/committeeevidence.svc/evidencedocument/treasury-committee/household-finances-income-saving-and-debt/written/76711.html
For media enquiries, contact: Jon Date at JonDate@ilcuk.org.uk or 020 7340 0440
About: The International Longevity Centre – UK (ILC-UK) is a futures organisation focussed on some of the biggest challenges facing Government and society in the context of demographic change.
Much of our work is directed at the highest levels of Government and the civil service, both in London and Brussels. We have a reputation as a respected think tank which works, often with key partners, to inform important decision-making processes.
Our policy remit is broad, and covers everything from pensions and financial planning, to health and social care, housing design, and age discrimination. We work primarily with central government, but also actively build relationships with local government, the private sector and relevant professional and academic associations.
Date :27 July 2018
A thriving older population is being failed by products and services which have been left behind by their changing needs, finds a new Commission set up by specialist think tank ILC-UK with support from Audley Group and EY.
Date :27 September 2018
Commenting on the latest data from the ONS which suggests life expectancy progress in the UK 'stops for the first time', Jon Date, Head of External Affairs at the specialist think tank the International Longevity Centre - UK (ILC-UK), said:
Date :25 September 2018
Two new keynote speakers announced for 29th November - Michael Kreft von Byern of Europa Park and Norwegian Minister for the Elderly and Public Health Åse Michaelsen
Date :24 September 2018
New data analysis reveals the vast market for health apps – including the 760,000 ‘living fast, dying young’ under 40s who smoke, drink frequently, have a smart phone and regularly use the internet.
Date :19 September 2018
We are recruiting for a temporary Events Coordinator to coordinate and support our busy events calendar for the remainder of 2018, build on our external communications and assist the Head of External Affairs on communications around our Future of Ageing conference.
Date :30 August 2018
New international report explores the relationship between life expectancy and productivity in developed countries.
Date :20 August 2018