Are we really a nation of risk-taking retirees? Are we all destined to be high-octane octogenarians, jumping out of planes, shark diving, and playing fast and loose with our retirement income? A cursory glance at the figures would seem to suggest so: before pension freedoms were announced in 2014, around 90% of people used to buy an annuity to provide for retirement, exchanging the money built up in their pension for a guaranteed income for life. Now, only 12% of retirees do so. Continue reading
Older people are often seen as a homogenous group. This can mean certain groups of older people are hidden from policy and services, none more so than older people who experience language barriers. Continue reading
Rochelle Amour, Consultant, Age Caribbean, examines the use of technology in Trinidad and Tobago’s care sector.
The Salvation Army is there for people during a crisis – when a family needs a food parcel, when an unemployed person needs help into work, when a man or woman has been freed from modern slavery – we do all that we can to help. Continue reading
Earlier this year, the American singer-songwriter Jimmy Buffet announced plans to launch a themed retirement community based on his Margaritaville song and chain of restaurants. 100,000 Americans signed up for more information about the initiative. Jimmy Buffet has subsequently broke the ground on a second scheme. Continue reading
We all know the adage “You can’t teach an old dog new tricks”. When it is applied to older people, and highly-experienced older workers in particular, however, it is both silly and insulting. Continue reading
With increasing life expectancy and decreasing fertility rates across Europe, there are concerns that the financial sustainability of pensions systems, as well as health and social care, are in jeopardy. In short, a growing number of older people are receiving pension and health and care provision. Continue reading
The business corporation is undoubtedly the most dominant economic construct of the past century. The nation state is diminishing in its power, cities are indeed growing Continue reading
Music is an undeniably significant part of being human. It spans different genres, cultures and eras, and it promotes bonding, communication and wellbeing. From listening to music in the car, to playing in an orchestra, discussing the charts, to joking about each other’s ‘bad’ music tastes: music is a crucial part of daily life.
The retirement income market has undergone profound changes due to “pension freedoms”. Since its introduction, the ILC-UK has been at the forefront of understanding the potential consumer risks and opportunities associated with the reform. In this special extended blog, Ben Franklin, Head of Economics of Ageing, takes stock of where we are and proposes further reform to embolden consumer freedom through embedding informed decision making at the point of retirement. He argues that a critical first step to achieving this aim will be default financial guidance. Continue reading