Responding to the latest Aviva Working Lives report, David Sinclair, Director, International Longevity Centre – UK (ILC-UK), said:
Ten years on from final Pension Commission report, we see more people saving due to the success of auto-enrolment. Now is the time to build on this success.
Almost half of those working later than they hoped, are doing so because they haven’t saved enough. Whilst we have more people saving, the levels are woefully inadequate, particularly given we are living longer. Investment returns remain relatively low so even those who are saving aren’t getting the return they hoped for.
With the Cridland review exploring further increases to state pension age, future pensioners should be prepared to need to work longer. But this isn’t necessarily a bad thing. As the research points out, for many older people, working longer provides a “feelgood factor”.
Government and employers must find ways of ensuring that older people aren’t forced out of the workforce prematurely. The benefit of extending working lives goes beyond the benefit to individuals. UK plc faces a significant economic hit if we don’t better adapt workplaces to cope with demographic change.
On 10th June, ILC-UK are organising their second Retirement Income Summit.
Date :22 March 2016
Are you looking for a short-term paid role in a think tank over the summer?
The independent think tank the International Longevity Centre – UK (ILC-UK) is seeking a summer intern to start on Monday 23 July. The intern would work 4 days a week for a period of 4 weeks, with the possibility of extension.
Date :10 July 2018
New research ‘An Economic Analysis of Flu Vaccination’ paints a picture of lives saved and costs averted, but more needs to be done to increase uptake
Date :05 July 2018
Ben Franklin, Assistant Director of Research and Policy comments on the role of public policy, industry and consumer bodies in assisting the regulator to protect consumers.
Date :28 June 2018
On 19th June entries opened for the Innovating for Ageing initiative, a competition to identify solutions to the challenges facing vulnerable consumers.
Date :19 June 2018
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.
Date :12 June 2018
We are looking for an experienced, flexible and proactive candidate to support the Senior Management Team in managing the financials of the organisation.
Date :11 June 2018