I can’t afford to die: Managing the
cost of dying in an ageing society
Tuesday 21st January 2014
This event is kindly supp...
Welcome
Baroness Sally Greengross
Chief Executive
ILC-UK
This event is kindly supported by the Institute for Policy Resear...
The Cost of Dying in an Ageing
Society
Dr Kate Woodthorpe
Lecturer in Sociology, Department of Social and
Policy Sciences
...
Institute for Policy Research
The Cost of Dying in an Ageing Society
Dr Kate Woodthorpe
Lecturer in Sociology, Department ...
Institute for Policy Research
Brief outline
• Building up a body of evidence
• Our own research
• Key findings
• Focus for...
Institute for Policy Research
Building up a body of evidence
• Knowledge gap: experiential learning
• Sun Life Direct Cost...
Institute for Policy Research
Recent developments
• NCPC, Dying Matters and National Bereavement Alliance report
• ‘Life a...
Institute for Policy Research
Our own research
• 2012: qualitative study into DWP Social Fund Funeral Payment,
with intern...
Institute for Policy Research
State support
• Department for Work
and Pensions Social
Fund Funeral
Payment
•
•
•

Timing
D...
Institute for Policy Research
Preparing for older age
• Variation in attitudes: pragmatists, hopefuls and fatalists
• Obli...
Institute for Policy Research
Focus for today: the issues
•

Understanding costs

•

ILC areas

•

Financial

•

Older con...
Institute for Policy Research
Focus for today: the outcomes
• 3 levels: macro, intermediate and micro
• Macro: policy and ...
Institute for Policy Research
Questions for discussion
• What are the costs associated with dying, the end of life and
ber...
Institute for Policy Research
Publication details
•

Sun Life Direct (2013) Cost of Dying Report (Bristol: Sun Life Direct...
Institute for Policy Research
Centre for Death and Society (CDAS)
• The UK’s only centre devoted to the study and research...
The cost of dying: long-term
Projections
Ben Franklin
Research Fellow
ILC-UK
This event is kindly supported by the Institu...
The cost of dying: long-term projections

Ben Franklin, International Longevity Centre – UK

@ilcuk

The International Lon...
Number of deaths across England and Wales (historic and projected)
650,000

550,000

Historic deaths

Projected deaths

50...
Percentage change in the number of deaths in England and Wales
relative to 2013
20%

15%

10%

5%

-5%
Source: ONS and own...
Due to rising costs and an increase in number of deaths, total
cost of dying in England and Wales could triple by 2037
11
...
Many thanks

Ben Franklin
Research Fellow
International Longevity Centre
benfranklin@ilcuk.org.uk
0207 340 0440
Twitter: @...
I can’t afford to die
Debbie Kerslake
CEO
Cruse Bereavement Care
This event is kindly supported by the Institute for Polic...
I can’t afford to die
Debbie Kerslake
Cruse Bereavement Care
Somewhere to turn when someone dies

Cruse:
• Offers support, advice and information to
children, young people and adults
...
Somewhere to turn when someone dies
Current Issues

Pre-bereavement
costs
The Social
Fund
Death Certification
Reforms

The Bedroom
Tax

Rising
Funeral
Poverty...
Key Points
The economic costs of bereavement:
• Are increasing
• Will affect many more people as the death rate
rises
• Ha...
Funeral Planning
Dean Lamble
Managing Director
Sun Life Direct
This event is kindly supported by the Institute for Policy ...
Funeral Planning
ILC
January 21st
London
Issues
What is the problem?

 Research shows us 1 in 5 report
a shortfall in paying for a
funeral
 That shortfall we est...
What can the insurance industry do?
What does a solution need to
have?

Options available

 Affordability

 Pre-paid fun...
I can’t afford to die: Managing the cost
of dying in an ageing society
Elizabeth Procter
Palliative Care Services Manager
...
I can’t afford to die: Managing the
cost of dying in an ageing society
Tuesday 21st January 2014
This event is kindly supp...
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21Jan4 - I can't afford to die - Managing the cost of dying in an ageing society - Speaker Presentations

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21Jan4 - I can't afford to die - Managing the cost of dying in an ageing society - Speaker Presentations

  1. 1. I can’t afford to die: Managing the cost of dying in an ageing society Tuesday 21st January 2014 This event is kindly supported by the Institute for Policy Research and Centre for Death and Society at the University of Bath. #costofdying
  2. 2. Welcome Baroness Sally Greengross Chief Executive ILC-UK This event is kindly supported by the Institute for Policy Research and Centre for Death and Society at the University of Bath. #costofdying
  3. 3. The Cost of Dying in an Ageing Society Dr Kate Woodthorpe Lecturer in Sociology, Department of Social and Policy Sciences University of Bath This event is kindly supported by the Institute for Policy Research and Centre for Death and Society at the University of Bath. #costofdying
  4. 4. Institute for Policy Research The Cost of Dying in an Ageing Society Dr Kate Woodthorpe Lecturer in Sociology, Department of Social and Policy Sciences 21st January 2014 International Longevity Centre, London. k.v.woodthorpe@bath.ac.uk 01225 386852
  5. 5. Institute for Policy Research Brief outline • Building up a body of evidence • Our own research • Key findings • Focus for today: issues and outcomes • Questions for discussion
  6. 6. Institute for Policy Research Building up a body of evidence • Knowledge gap: experiential learning • Sun Life Direct Cost of Dying work • Corden et al (University of York): financial implications of the death of a partner • Death and social policy • Policy areas, inheritance, debt, financial literacy, guidance and support • Death and the family
  7. 7. Institute for Policy Research Recent developments • NCPC, Dying Matters and National Bereavement Alliance report • ‘Life after death: six steps to improve support in bereavement’ • Calling for national review of impact of financial, administrative and economic changes on those who have been bereaved • Available here: http://dyingmatters.org/sites/default/files/Life%20After%20Death%2 0FINAL(1).pdf
  8. 8. Institute for Policy Research Our own research • 2012: qualitative study into DWP Social Fund Funeral Payment, with international comparison • 2013: qualitative study into preparing for older age • Independent academic research funded by Sun Life Direct • Led to a Parliamentary Roundtable November 2012 • Funeral poverty manifesto
  9. 9. Institute for Policy Research State support • Department for Work and Pensions Social Fund Funeral Payment • • • Timing Debt Family Assessment • Public Health Funerals • • • Unable or unwilling Choice Rhetoric change?
  10. 10. Institute for Policy Research Preparing for older age • Variation in attitudes: pragmatists, hopefuls and fatalists • Obligation and responsibility • Sharing of resources • Trust in advice and guidance, and each other • Blended and fluid families
  11. 11. Institute for Policy Research Focus for today: the issues • Understanding costs • ILC areas • Financial • Older consumers • Social • Economics of age • Relational • Work and retirement • Individual • Intergenerational
  12. 12. Institute for Policy Research Focus for today: the outcomes • 3 levels: macro, intermediate and micro • Macro: policy and national guidance, commercial sector • Intermediate: localised guidance and support, local businesses • Micro: family and individuals
  13. 13. Institute for Policy Research Questions for discussion • What are the costs associated with dying, the end of life and bereavement? • What is the reality of funeral poverty and how can this be addressed? • Can the cost of dying, end of life and bereavement be reduced? • What is the role/responsibility of the public, private and third sectors?
  14. 14. Institute for Policy Research Publication details • Sun Life Direct (2013) Cost of Dying Report (Bristol: Sun Life Direct) • Sun Life Direct (2012) Affording a funeral: Social Fund Funeral Payments (Bristol: Sun Life Direct) • Both available here: http://www.sunlifedirect.co.uk/About-Sun-Life-Direct/Press-Office/Research/ • Woodthorpe, K., Rumble, H. and Valentine, C. (2013) ‘Putting ‘the grave’ into social policy: state support for funerals in contemporary UK society’, Journal of Social Policy, 42 (3): 605 – 622. • Foster, L. and Woodthorpe, K. (2013) ‘What cost the price of a good send off? The challenges for British state funeral policy’, Journal of Poverty and Social Justice, 21 (1): 77 – 89. • Valentine, C. and Woodthorpe, K. (forthcoming) ‘From the cradle to the grave: funeral welfare from an international perspective’, Social Policy and Administration. www.bath.ac.uk/ipr
  15. 15. Institute for Policy Research Centre for Death and Society (CDAS) • The UK’s only centre devoted to the study and research of social aspects of death, dying and bereavement • Recent research: Engaging young people with death; Bereavement through family members’ substance misuse; Digital Inheritance; Future Cemeteries Contact details: www.bath.ac.uk/cdas cdas@bath.ac.uk 01225 386949
  16. 16. The cost of dying: long-term Projections Ben Franklin Research Fellow ILC-UK This event is kindly supported by the Institute for Policy Research and Centre for Death and Society at the University of Bath. #costofdying
  17. 17. The cost of dying: long-term projections Ben Franklin, International Longevity Centre – UK @ilcuk The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
  18. 18. Number of deaths across England and Wales (historic and projected) 650,000 550,000 Historic deaths Projected deaths 500,000 450,000 400,000 1961 1963 1965 1967 1969 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2035 2037 Number of deaths 600,000 Source: ONS and own calculations The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
  19. 19. Percentage change in the number of deaths in England and Wales relative to 2013 20% 15% 10% 5% -5% Source: ONS and own calculations The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change. 2037 2036 2035 2034 2033 2032 2031 2030 2029 2028 2027 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 0%
  20. 20. Due to rising costs and an increase in number of deaths, total cost of dying in England and Wales could triple by 2037 11 10 Actual cost 9 £ billions 8 Projections assuming costs rise in line with 2013-18 expectations (3.9%) Projections assuming costs rise by 2.8% (trend since 2008) Projections assuming costs rise in line with inflation (2%) 7 6 5 4 3 2 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 Source: ONS, SunLife Direct Cost of Dying Report and own calculations The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
  21. 21. Many thanks Ben Franklin Research Fellow International Longevity Centre benfranklin@ilcuk.org.uk 0207 340 0440 Twitter: @ilcuk The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
  22. 22. I can’t afford to die Debbie Kerslake CEO Cruse Bereavement Care This event is kindly supported by the Institute for Policy Research and Centre for Death and Society at the University of Bath. #costofdying
  23. 23. I can’t afford to die Debbie Kerslake Cruse Bereavement Care
  24. 24. Somewhere to turn when someone dies Cruse: • Offers support, advice and information to children, young people and adults • Enhances society’s care of bereaved people
  25. 25. Somewhere to turn when someone dies
  26. 26. Current Issues Pre-bereavement costs The Social Fund Death Certification Reforms The Bedroom Tax Rising Funeral Poverty Changes to Bereavement Benefits
  27. 27. Key Points The economic costs of bereavement: • Are increasing • Will affect many more people as the death rate rises • Have a long-term impact well beyond paying for the funeral • Impact on mental and physical health Urgent action is needed
  28. 28. Funeral Planning Dean Lamble Managing Director Sun Life Direct This event is kindly supported by the Institute for Policy Research and Centre for Death and Society at the University of Bath. #costofdying
  29. 29. Funeral Planning ILC January 21st London
  30. 30. Issues What is the problem?  Research shows us 1 in 5 report a shortfall in paying for a funeral  That shortfall we estimate to be c£1,200  18% of people reported the cost of funerals was causing concern How are customer trying to solve it?  27% savings  25% borrowed from friend/relative  22% put it on a credit card  13% took out a loan  10% sold belongings Funeral poverty is a real key concern and the quicker people start planning, the better the chances to help solve the issue 30 22/01/2014
  31. 31. What can the insurance industry do? What does a solution need to have? Options available  Affordability  Pre-paid funeral plans  Discipline  Insurance (Guaranteed Over 50 plans)  Range of solutions  Protection against inflation What do customers need to do?  Plan, plan, plan  Protection insurance  Savings How can the insurance industry help  Save/set aside money  Working across industryfuneral providers, insurance, government  Start early  Educate customers  Budget  Promote options 31 22/01/2014
  32. 32. I can’t afford to die: Managing the cost of dying in an ageing society Elizabeth Procter Palliative Care Services Manager Sue Ryder Manorlands Hospice This event is kindly supported by the Institute for Policy Research and Centre for Death and Society at the University of Bath. #costofdying
  33. 33. I can’t afford to die: Managing the cost of dying in an ageing society Tuesday 21st January 2014 This event is kindly supported by the Institute for Policy Research and Centre for Death and Society at the University of Bath. #costofdying

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