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Stronger Foundations launch event - Dr Brian Beach

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ILC-UK launched Stronger Foundations, at a discussion and drinks reception help on 30th January 2018, supported by ARCO.

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Stronger Foundations launch event - Dr Brian Beach

  1. 1. The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change. STRONGER FOUNDATIONS: International Lessons for the Housing-with-Care Sector in the UK Dr Brian Beach Senior Research Fellow International Longevity Centre – UK
  2. 2. The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change. What are we talking about?  Housing is an important policy item in the UK, especially given population ageing  Specialist retirement housing and the housing-with-care sector – But how do we define housing-with-care?
  3. 3. The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
  4. 4. The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change. Why is this important?  The UK lags behind a number of other countries in the provision of specialist later life housing, including housing-with-care  Comparing UK, US, NZ, and Australia: – Similar homeownership rates (≈65%) – 65+ penetration rate: UK 0.7%; NZ 5.2% – % pop 65+ highest in UK (17.9% vs 14.2-14.8%) So the question remains: How do we stimulate development in this sector?
  5. 5. The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change. What did we do?  Investigated international perspectives in the retirement/housing-with-care sector with respect to: – Legislation and regulatory environments – Financing and funding approaches – Planning processes – Cultural factors  Stakeholder roundtable in London  12 one-to-one semi-structured interviews with experts in Australia, Canada, NZ, UK, and US
  6. 6. The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change. What did we find? Legislation  Variation in international approaches; NZ Retirement Villages Act 2003 as a model for broad consumer protection – Requirement for prospective movers to obtain independent legal advice Funding and Financing  Fees at three points: before, during, and after – A need for greater certainty – for consumers, operators, and investors Planning Policy  Land use classification  Strategies to incorporate care and support from the start
  7. 7. The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change. What did we find?
  8. 8. The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change. What did we learn? There was a general consensus that the introduction of legislation and an overall regulatory framework would benefit the sector – but legislation on its own can only go so far.  Promote product diversification, but with limited complexity  Build an experience rather than just a property product  Consider alternative models to contractional arrangements (e.g. the right to occupy)
  9. 9. The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change. What did we learn?  Avoid unnecessarily burdensome regulation of care and support within housing-with-care  Develop robust industry standards, regardless of the progress (or lack thereof) in relevant legislation  Improve local authority awareness of housing-with-care and its role in later life planning  Collaborate to benefit from the advantages of an industry representative body

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