NEWS:

Responding to today’s Fiscal Sustainability Report, Baroness Sally Greengross, Chief Executive of the International Longevity Centre - UK (ILC-UK) said:

“The future costs of our ageing society should rightly be worrying for policymakers. But they are not all inevitable.

If we don’t do much more to support longer working lives and aid innovation in health, care and financial services, our economy will certainly suffer. Future generations will not thank us for inaction today.

These figures highlight that the UK isn’t ready for ageing. Policymakers have some tough decisions to make but procrastinating is not helping anyone.

There is a role for all of us. That’s why, on the back of these figures, ILC-UK are delighted to announce the launch of a major two year project to explore how we can ensure the future sustainability of our ageing society. Learning lessons from across the world, SOS 2020 (Sustainable Older Society 2020) will set out a plan of costed solutions aimed at Governments, the private and the public sector.”

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ILC-UK are once again looking for someone to speak for 10 minutes on the plenary platform in front of 250 people at our annual Future of Ageing Conference (29th November, London).

“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."

Dr Brian Beach, Senior Research Fellow at ILC-UK and who gave oral evidence to the Committee, welcomes the Committee’s call for stronger action by Government and EHRC and says it’s crucial that employers understand what ageism really is.

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