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18Nov14 - Silver Separators Presentation

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This was the final event in the Population Patterns Seminar Series which explored the “silver separators”- divorce later in life.

Figures from the Office for National Statistics published in 2012 showed a huge rise in the divorce rate amongst those in their 60s, with an increase of 58% on the 2011 figure. The last 10 years have seen more and more older people part ways, despite divorce amongst the general population becoming less common. This has happened to such an extent that the over 60’s are now the fastest growing divorce group in the UK.

A variety of reasons have been suggested, including a reduction in the stigma surrounding divorce and couples no longer feeling obliged to stay together if their attitudes and needs change.

However, figures released by the ONS in June 2012 revealed that marriages involving older people were also rising faster than for other age groups – up by 21% for women and by 25% for men in their late sixties. Re-partnership is likely to be even higher than these figures suggest, as older people in a new relationship may not choose to remarry.

During the event the discussion explored a number of themes, including:

What factors have contributed to the rising rate of divorce amongst the over 60s?
How can older people’s relationships be better supported?
What challenges does ageing present to relationships?
How do care responsibilities effect relationships?
What are the potential ramifications of older couples separating?

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18Nov14 - Silver Separators Presentation

  1. 1. Silver Separators Tuesday 18th November 2014 An ILC-UK Population Patterns Seminar Series event #populationpatterns
  2. 2. Welcome Baroness Sally Greengross Chief Executive ILC-UK An ILC-UK Population Patterns Seminar Series event #populationpatterns
  3. 3. Richard Willets Director of Longevity Partnership An ILC-UK Population Patterns Seminar Series event #populationpatterns
  4. 4. Trends in divorce and marriage at older ages Richard Willets • ILC-UK Population Patterns Series 18-11-2014
  5. 5. How divorce and marriage affects an annuity provider November 14 5 Individual annuities Annuities in payment can be split/transferred under a Pension Sharing Order Not common. So far Partnership have processed just three such cases in 2014 Defined benefit bulk buyouts Pensions in final salary schemes are usually paid to the surviving spouse/partner on death of the scheme member Best practice is to price using a multi-state model Alive (& single) Alive (& married) Deceased
  6. 6. Divorce rates for the over 60’s are increasing… Divorce rate per 1,000 married population, ages 60+, England & Wales, 1990-2012, by gender 2.5 2.0 1.5 1.0 0.5 0.0 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 November 14 6 • Source: ONS (2014) Male Female
  7. 7. Increase in divorce numbers (from 2002 to 2012)… Number of divorces in 2012 (vs 2002), ages 60+, England & Wales, by gender November 14 7 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 • Own calculations using data from ONS (2014) Male Female Increase due to rise in divorce rate Increase due to rising number of people aged 60+
  8. 8. Increase in divorce numbers (from 2002 to 2012)… Number of divorces in 2012 (vs 2002), ages 60+, England & Wales, by gender November 14 8 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 • Own calculations using data from ONS (2014) Male Female Increase due to rise in divorce rate Increase due to rising number of people aged 60+ 40% 54%
  9. 9. How the divorce rate varies by age… Divorce rate per 1,000 married population in 2012, England & Wales, by age and gender 25 20 15 10 5 0 November 14 9 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60 and • Own calculations using data from ONS (2014) over Male Femal e
  10. 10. Increase in marriages (from 2002 to 2012)… Number of marriages in 2012 (vs 2002), ages 60+, England & Wales, by gender November 14 10 12,000 10,000 8,000 6,000 4,000 2,000 0 • Own calculations using data from ONS (2014) Increase due to rise in marriage rate Increase due to rising number of people aged 60+ Number of marriages in 2002 Male Female 57% 43%
  11. 11. Marriages with either husband or wife aged 65+ Number of marriages in 2011, with husband or wife aged 65+, England & Wales November 14 11 • Own calculations using data from ONS (2014) 36% 53% 11% Both aged 65+ Husband 65+ Wife 65+ 3.5% of women who marry at age 65 or above have a husband aged under 55 23% of men who marry at age 65 or above have a wife aged under 55
  12. 12. Thank you November 14 12 All information contained in this document is confidential and should be treated as confidential. No disclosure, use, copying or circulation of this document should occur without the permission of Partnership. Partnership retains all intellectual property interests association with this document. The content of this document is intended to provide general information. Examples and other materials contained within this document are for illustrative purposes and should not be relied upon. Partnership takes no responsibility for any errors or omissions in this document. This document shall not form the basis of, or be relied upon, in connection with any offer or act as an inducement to enter into any contract. No representation or warranty is given, express or implied, as to the accuracy of the information contained in this document. Partnership is a trading style of the Partnership group of Companies, which includes; Partnership Life Assurance Company Limited (registered in England and Wales No. 05465261), and Partnership Home Loans Limited (registered in England and Wales No. 05108846). Partnership Life Assurance Company Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Partnership Home Loans Limited is authorised and regulated by the Financial Conduct Authority. The registered office for both companies is 110 Bishopsgate, London, EC2N 6AY.
  13. 13. Rt Hon Paul Burstow MP Member of Parliament for Sutton and Cheam An ILC-UK Population Patterns Seminar Series event #populationpatterns
  14. 14. Ben Franklin Senior Research Fellow ILC-UK An ILC-UK Population Patterns Seminar Series event #populationpatterns
  15. 15. The rise and rise of the silver separator Ben Franklin, Senior Research Fellow, International Longevity Centre @ilcuk @bjafranklin The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
  16. 16. What am I going to cover? What is the trend? What is driving the trend? What are some of the implications? The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
  17. 17. Rising numbers amongst the over 60s The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
  18. 18. But it’s not just about population change… The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
  19. 19. What if current trends continue? The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
  20. 20. Marrying later means greater risk of divorce at older ages The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
  21. 21. ….marrying later means greater risk of divorce at older ages Source: ONS The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
  22. 22. Rising financial independence amongst women The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
  23. 23. Rising life expectancy means fewer marriages end in death of a partner… The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
  24. 24. What are some of the implications  Financial difficulties  Lack of informal care and support  Older men more likely to rely on institutional care than older women who are more likely to rely on children  Possible negative effect on mental health in short term  Possible negative effect on physical health in long term. The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
  25. 25. Many thanks Ben Franklin Senior Research Fellow International Longevity Centre - UK benfranklin@ilcuk.org.uk 02073400440 Twitter: @ilcuk The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
  26. 26. Chris Sherwood Director or Policy and External Affairs Relate An ILC-UK Population Patterns Seminar Series event #populationpatterns
  27. 27. Who will love me when I’m 64? Relationships in later life Chris Sherwood, Director of External Affairs @ChrisSherwood80
  28. 28. What do we mean by relationships? Couple Family Social Loving relationship between two people Includes: spouse, partner, civil partnership, cohabiting couples Relationships between those that are ‘related’ and/or considered to be in a family Includes: parents, children, siblings, family-in- law, stepfamily Wider social relationships Includes: friends, colleagues, organisational relationships The quality of relationships is key
  29. 29. Relationships are good for us Emotional Happiness: There is a correlation between happiness and relationships Loneliness: The absence of intimacy fosters loneliness Stress: Those with strong relationships are less likely to suffer from stress Health Physical health: There is a link between strong relationships and good health Mental health: Those who active in their communities are in better mental health than those who are more isolated Practical Care: Relationships are a source of care in old age Finance: Those who are married are less likely to be in poverty in older age than single people Relationships are part of the solution for dealing with our ageing population. Good quality, strong relationships allow people and communities to operate better and can help save the state money.
  30. 30. People’s relationships face many pressures in later life Self Identit y Relationships Physical Health Sex and intimac y
  31. 31. People’s relationships face many pressures in later life Self Identit y Relationships Sex and intimac y Physical Health •Deteriorates as people age •Immobility can cause isolation and frustration if cant leave home •Reliance on others increases (GPs, family, friends, etc.)
  32. 32. People’s relationships face many pressures in later life Self Identit y Relationships Physical Health Sex and intimac y Care •Baby boomers care for their grandchildren and elderly parents •Financial and emotional pressure •Older people require care in their later life too
  33. 33. Trends show the composition of relationships in later life is changing
  34. 34. Household composition changes significantly with age
  35. 35. Numbers of close relationships vary little with age among 50+
  36. 36. Baby boomers are much more likely to have step-families
  37. 37. Baby boomers have been at the vanguard of social change 'Born absolutely in the centre of the Baby Boom….I remember above all the great sense of change running with great, and persistent, temporal certainty…. Teenagers had been invented; youth culture was heading for triumph; we….inhabited the glorious window between the Pill and the emergence of Aids'. (Michael Bywater, 'Baby Boomers and the illusion of perpetual youth', New Statesman, 30 October 2006) • Baby boomers are distinguished by changes in attitudes, behaviours and expectations including • Family formation, unions and relationships • Gender roles and equality • New challenges moving into older age also: • Experiencing many of the challenges faced by younger people – e.g. Debt • But they show same reticence around help seeking behaviour of older people also
  38. 38. Existing responses to relationships overlook baby boomers 45.0% 40.0% 35.0% 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% Proportion frequently lonely by age group 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90+
  39. 39. Policy needs to better reflect these changes 70% 60% 50% 40% 30% 20% 10% 0% The most important things for people as they get Source: IpsosMORI older Relationships There are three pillars to a good later life: 1. Health 2. Financial security 3. Relationships Government is focused on health and finances; relationships remain largely ignored Relate’s report makes the case that relationships should be a central component of central and local government policy
  40. 40. www.relate.org.uk 0300 100 1234 @Relate_charity
  41. 41. Barbara Bloomfield Co-author of the Mature Times book ‘The Mature Times Guide to Love and Relationships in Later Life’ An ILC-UK Population Patterns Seminar Series event #populationpatterns
  42. 42. Discussion and Q&A An ILC-UK Population Patterns Seminar Series event #populationpatterns
  43. 43. Silver Separators Tuesday 18th November 2014 An ILC-UK Population Patterns Seminar Series event #populationpatterns

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