This July ILC-UK have published three major reports; Summer Budget 2015: ILC-UK Policy Briefing, Opportunity Knocks: Designing Solutions for an Ageing Society and 80 and Eighty: An ILC-UK Factpack. Continue reading
The Association of Colleges has this week reported that the Skills Funding Ageing has asked colleges to make further cuts to adult learning. The 3.9% cuts come on top of a 24% hit to budgets and follow long term falls disinvestment in spending on adult learning. Continue reading
Innovation and technological advance offer enormous opportunities in an ageing society. It is crucial that we seize them – OBR forecasts show that without significant improvements to productivity growth healthcare spending as a percentage of GDP could more than double by 2064. Continue reading
June saw the launch of the ILC-UK’s Centre for Later Life Funding. The first report launched was At a cross-roads: Understanding the future likelihood of low incomes in old age, and received coverage in the FT Advisor. Continue reading
A new Budget on 8 July and a triple lock that prevents the Government from raising VAT, Income Tax and National Insurance means that speculation has again focussed on restricting pension tax relief to fund pre-election pledges made by the Conservatives.
“I am power of attorney for my mother and this takes time and research to ensure her money is well invested, who will do this for me?”
“Having enough money, that’s the crucial thing. If you don’t have children but have money you can at least pay for someone to look after you but what if you don’t?”
“I don’t have anyone who can act on my behalf, no children, no family, nothing! Tell me who is going to make sure I’m not ripped off?” Continue reading
This striking graph from the latest EU Ageing Report*1 highlights how the UK continues to spend a relatively small proportion of GDP on long term care (LTC).
With the General Election at the start of the month, ILC-UK published our analysis of the main party manifestos, Vision needed to tackle the challenge of population ageing. Continue reading
The widespread pension changes introduced from April 2015 – following on from the Chancellor’s revolutionary 2014 Budget – delighted many by giving people the ultimate flexibility in when and how to take their pension savings. But with greater choice comes greater risk. Continue reading