NEWS:

The think tank announces plans for a seminar series to explore the impact of demographic change on public policy.

Politicians from across the political spectrum must do more to respond to the challenges of demographic change, according to Baroness Greengross, Chief Executive of the International Longevity Centre – UK (ILC-UK).

Speaking as ILC-UK announce a major series of events and reports to understand the policy impact of our changing demography, Baroness Greengross urged Government to set up a cross party Commission on Demographic Change.

The new ILC-UK #populationpatterns series, which has been supported by the specialist insurance company, Partnership Assurance Group plc, will consider the evidence base of our changing demography and explore how policy-makers need to respond to demographic change.

ILC-UK argues that demographic changes create significant long term challenges for Governments. Previous ILC-UK work on the Cost of Ageing has highlighted the projected growth in age related expenditure on health, care and pensions. It also highlighted the need for Government to do more to maximise the economic contribution of older people in light of demographic change.

The ILC-UK announcement came as new statistics published by the Office of National Statistics (ONS) in November revealed that: 

  • The number of state pensioners will increase by around one third between 2012 and 2037 (to 16.1 million)
  • The average age will increase rises from 39.7 years in 2012 to 42.8 by mid-2037
  • By 2037, the number of working-age people for each person of state retirement age will fall to 2.7 from the current 3.2
  • The number of those aged over 80 will  double over 25 years to 6.2m people
  • The number of women aged 105 and older will rise almost 10-times to 3,404.

ILC-UK and Partnership have initially announced 6 seminars to explore these issues over the next twelve months. The events will focus on:

  • The end of the Census? (28 November 2013) Chaired by Norma Cohen of the FT. Will explore the impact of the proposed changes to the census on public policy.
  • Missing 90 year olds (March 2014) Will consider how reliable the estimates of the number of oldest old in the UK are, and what the policy implications might be.
  • The demographic implications of Scottish independence (May 2014 - Edinburgh) This session will explore the different demographic makeup of Scotland compared to England and the rest of the United Kingdom in the run up to the 2014 referendum on Scottish independence.
  • Partnership ILC-UK 2014 factpack launch (July 2014) Will  outline the latest evidence about our changing ageing society.
  • Silver separators (August 2014) Will consider the impact of growing divorce rates in old age alongside the trend of declining average household size.
  • Europe’s ageing demography (October 2014 -  Brussels) Will launch the first ILC-UK European factpack (supported by Partnership) and explore the policy implications of Europe’s changing demography across Europe.

Announcing the series, Baroness Sally Greengross, Chief Executive of ILC-UK said:

“Over recent years we have seen very positive policy movements in terms of tackling the challenges of pensions and social care facing older people today. Our ageing society however, requires politicians and Government to look much further ahead than their political tenure. As politicians we all have a responsibility to plan for the future. Yet I fear our collective failure to respond to the long term demographic challenges will have devastating economic and social consequences. Now is the time for Government and all the main political parties to work together and create a cross party Commission on demographic change.”

Richard Willets, Director of Longevity at Partnership, comments:

“While there is much recognition that the UK population is ageing, there is still a great deal of work to be done on understanding what the statistics mean for society as a whole and whether the data we collect at the moment is best suited to tackling these challenges.   Partnership is delighted to be working with the ILC-UK to explore some of these issues going forward.”


Notes
Individuals interested in attending or participating in any of the events outlined above should contact David Sinclair at ILC-UK (davidsinclair@ilcuk.org.uk)


Contact
For more information please contact, Jonathan Scrutton, Trinley Walker or David Sinclair, ILC-UK, davidsinclair@ilcuk.org.uk 02073400440 or 07543 646992
Lee Blackwell, Head of PR, Partnership, 020 7398 5986, lee.blackwell@partnership.co.uk
Caroline Jackson, Public Affairs Manager, Partnership, 0207 618 2878, caroline.jackson@partnership.co.uk


About Partnership
Partnership is a specialist provider of financial solutions for people with health/ lifestyle conditions. Partnership aims to offer higher retirement incomes than traditional providers by taking account of people’s health and lifestyle conditions.

Partnership is an expert in the field of medical underwriting and believes it has a market-leading in-house data set. Partnership believes that its years of accumulated data and knowledge give it an unrivalled understanding of the impact of health and lifestyle choices on longevity. It believes that this, in turn, enables it to offer a more accurate assessment of a client’s life expectancy and therefore offer the fairest price to them.

Partnership has a broad offering in the retirement sector and offers a full range of Enhanced Annuity solutions, from clients who smoke or have minor health impairments, through to serious conditions such as cancer. Partnership a significant provider of annuities for Long Term Care funding in the UK. It entered the equity release market in 2011 with an Enhanced Lifetime Mortgage and also offers specialist protection solutions for clients who have been declined cover from standard providers. Partnership offers a firm commitment to supporting advisers in growing their business.

Partnership has won many awards. These include: 

  • "Best Enhanced Annuity Provider" - Moneyfacts Awards 2010, 2011, 2012, 2013
  • 'Long-term Care Provider' award at the Health Insurance Awards 2009, 2010, 2011, 2012
  • Best Annuity Provider - Professional Adviser Awards 2011
  • 5 Star rating at the prestigious Financial Adviser Service Awards 2010, 2011, 2012 , 2013
  • 5 star life and pension online service provider, FT Adviser Awards 2012
  • 5 Moneyfacts Stars – Lifetime Mortgage – 2013

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