Default guidance needed to embolden consumer freedom

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

Guest blog: Dr Bonnie-Jeanne MacDonald, Dalhousie University – Replacing the replacement rate: How much is ‘enough’ retirement income?

The final earnings replacement rate – where 70% is often advocated as the ‘right’ target – has been a longstanding and widespread measure of retirement income adequacy. Financial planners use this benchmark, as do actuaries and other pension plan advisers, academics, and public policy analysts. Continue reading

Guest Blog: Ann Blaylock, University of Innsbruck Research Institute of Textile Chemistry and Textile Physics – The Future of Ageing: Textiles for an Ageing Society (TAGS)


This blog is one in a series of blogs on the Future of Ageing, published in the lead up to the ILC-UK Future of Ageing conference on the 24th November. To register to attend this conference, click here.


In the modern day, with the ever-increasing predominance of technology, it is easy to forget about the other elements that are fundamental to our daily lives and routine.

“Textiles…do you mean clothing?”

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Guest Blog: Jilly Forster, Forster Communications – The Future of Business: When business gets smart on age…


This blog is one in a series of blogs on the Future of Ageing, published in the lead up to the ILC-UK Future of Ageing conference on the 24th November. To register to attend this conference, click here.


When we are failing the old and the young, our society has come to a pretty pass. Where we are failing, however, is in an understanding of and empathy with what it means to be both 17 and 71. Continue reading

Special Blog: The Macroeconomic Implications of Population Ageing

Key points

  • Population ageing is a worldwide phenomenon and should be celebrated.
  • It will dramatically reshape the developing world in particular.
  • Has big implications for economic growth and debt sustainability.
  • Dependency ratio remains relevant from a public spending perspective.
  • UK has relatively favourable demographics relative to other developed countries but remains exposed to these headwinds.
  • Boosting fertility, migration and working longer could all have positive effects on economic output over the long run.
  • But raising productivity growth of the labour market and specific public services such as health care will also be key.

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