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
Taking the idea of intergenerational living more seriously could help ease some of the problems currently facing the young and old in the UK. Continue reading
The population is aging in different parts of the world. By living longer, a person has more complex health and mental health care needs, which can be too challenging for the person to be cared at home, and thus need professional residential care. Continue reading
Redefining old age as the last 15 years of life would largely solve the ageing problem across the world
A few weeks ago we explored how redefining old age as the last 15 years of life (prospective measure) would change the shape of the dependency ratio for the UK. Continue reading
Stagnant productivity growth and lower migration will put greater emphasis on older workers to do the heavy economic lifting but this won’t resolve our economic malaise
It is no secret that the UK’s productivity performance is dire. But it’s worth underscoring just how dire with a few numbers. Continue reading
Reorienting society and public policy to define “old age” as the last 15 years of life could largely solve the “ageing problem”
Many of us, including yours truly, typically define working age as the years between 16 and 64 and old age as anything over the age of 65. Continue reading
Article 50 has been triggered, and the arduous task of Brexit negotiations has begun. Last week, the question of EU citizens living in the UK proved to be one of the prominent issues that are set to dominate the upcoming discussions. Continue reading
Policy concern about intergenerational fairness is perhaps no better highlighted by the voting behaviour exhibited by different age groups. Older people turn up to vote in greater numbers than younger people and seem to want different results. Continue reading
Between November 2016 to February 2017, the ILC-UK gained national and international coverage for our work on the consumer economy, Defined Benefit pension schemes, longevity, and sexual relationships in later life.
Home Smart Homes?
To mark our 40th anniversary, we have commissioned a far-reaching report into how new smart technologies in the home are set to transform independent living for older people. Continue reading