Young conservatives argue that Democratic policies have ignored the needs of young people. They call on young people to speak up and educate others about conservative principles of small government, fiscal responsibility, and individual rights. The document summarizes that public sector employees earn substantially more in wages and benefits than private sector workers in comparable jobs. Growing public pension costs are bankrupting many state and local governments. As a result of bloated public spending, growing budget deficits, and underfunded pensions, a heavy burden will fall on young taxpayers to pay for the excesses of government.
10Feb14 - Linking SPA to Longevity - ILC-UKILC- UK
Speaking during the Autumn Statement in December 2013, the Chancellor of the Exchequer, George Osborne MP, confirmed plans which would mean that people should spend a third of their adult lives in retirement.
The 2013 Draft Pensions Bill, currently going through the House of Lords, proposes five-year reviews of the State Pension Age (SPA) with the aim of maintaining the proportion of adult life spent in receipt of a state pension based on increasing life expectancy.
In the UK, reductions in mortality have been accompanied by increased life expectancies over the last century. Between 1911 to 2010, life expectancy in the UK has increased from 49.4 to 78.5 for men and from 53.1 to 82.4 for women. The Chancellor confirmed that the date when the state pension age rises to 68 will be brought forward to the mid-2030s - it had not been due to kick in until 2046 - and the state pension age could rise to 69 by the late 2040s.
A growing number of countries are beginning to link pension age with increases in life expectancy to address the financial impact of an ageing population. Across the OECD, countries are raising retirement ages as life expectancy increases. By 2050, the average state pension age will rise from 63 for men and 62 for women to almost 65 for both sexes. A number of countries in the European Union have linked pension benefits with life expectancy including Spain, Italy, Czech Republic, Denmark, Greece and the Netherlands.
It has been estimated that, from 2007 to 2032, the public expenditure on pensions and related benefits will rise from 4.7% of Gross Domestic Product (GDP) to 6.2%.
But whilst increasing the State Pension Age appears to be a logical step to addressing the financial challenges of an ageing population, the complex interplay of factors impacting on retirement and workforce participation cannot be ignored.
Our event considered some of these challenges such as:
How can increasing the State Pension Age be fair when significant numbers of poorer citizens will reach this age in ill-health (or not at all)?
Which groups lose out most by an increase in state pension age?
How can we respond to the fairness challenge?
The appropriateness of different measures of life expectancy (cohort life expectancy; period life expectancy; healthy life expectancy; disability free life expectancy).
Will increasing the State Pension Age reduce the dependency ratio and extend working lives?
What will be the fiscal impact if an increasing number older people find themselves unable to work and needing to access working age benefits?
At the event, we heared from the Minister for Pensions, Steve Webb MP; ILC-UK Research Fellow, Ben Franklin; Dr Craig Berry, ILC-UK Fellow and Research Fellow at the University of Sheffield; Camilla Williamson, Age UK’s Development and Support Manager, Knowledge Transfer; Professor John MacInnes, a social demographer and Professor of Sociology at the University of Edinburgh.
On the 12th October 2016, the ILC-UK held a Housing in an Ageing Society event, kindly hosted by Legal & General and supported by the ILC-UK Partners Programme.
On Tuesday, 19th July the International Longevity Centre - UK (ILC-UK) launched our “Housing in an ageing society” factpack with the support of FirstPort.
The report found a significant increase in older people living alone, yet millions were failing to adapt their homes to help them live independently.
The State of the Nation’s Housing’ reports that:Only around half of those over 50s experiencing limitations in Activities of Daily Living, live in homes with any adaptations.
Those in retirement housing are significantly more likely to be living in homes with adaptations than those who do not. Approximately 87% of those in retirement housing have home adaptations, by comparison to around 60% of other housing.
There could be a retirement housing gap of 160,000 by 2030 if current trends continue. By 2050, the gap could grow to 376,000.
Over 16 million people – mainly owner occupied, middle aged and older households - live in under-occupied housing.
Growing numbers of 45-64 year olds, and 65-74 year olds are living alone, with 6 million people living in houses with two or more excess bedrooms.
At the event we explored these trends and consider how policymakers should respond.
We heard presentations from:
- Sally Randall, Director, Housing Standards and Support, Department for Communities and Local Government
- Nigel Wilson, Group Chief Executive, Legal & General;
- Dr Brian Beach, Research Fellow, ILC-UK
29Oct14 - Productive Ageing - Dr Ros Altmann ILC- UK
This Robert Butler Memorial Lecture, held on Wednesday 29th October 2014, was part of the ILC Global Alliance visit to the UK.
Robert Butler, founder of ILC US, was a passionate believer in the importance of health and productive ageing and we were honoured that Dr Ros Altmann, government’s Business Champion for Older Workers agreed to give the Lecture.
'How can we support older workers?' an ILC-UK European policy debate, support...ILC- UK
Tuesday 3rd September, M&G, Governor’s House, Laurence Pountney Hill, London, EC4R 0HH, 16:00 for a 16:30 start – 18:30
Featuring Steve Webb MP (Minister for Pensions); Christopher Brooks (Age UK) and David Sinclair (ILC-UK), presenting findings from a new policy review of European innovations in supporting longer working lives. Chaired by Baroness Greengross, CEO, ILC-UK and cross-bench peer
Europe needs older workers. Its long-term ageing population and recent economic hardships are creating huge fiscal and demographic pressures - pressures which could be greatly relieved if it can encourage its workers to remain in work for longer.
How is this to be achieved?
The European Union recently launched its Europe 2020 strategy which set employment targets of 75% for workers aged 20-64. However, with the old-age dependency ratio for the EU28 predicted to climb over 50% by 2050, much more still needs to be done.
In this event we will hear UK and EU perspectives on how older workers can be supported, with contributions from Steve Webb MP, the UK Minister for Pensions; and Christopher Brooks (Age UK)
To inform this debate, ILC-UK launched a report at the event, supported by Prudential, which shares key policy approaches being taken across to support older workers.
Debt and problem debt among older people 4june13 - presentationILC- UK
Debt is commonly assumed to be a problem of the young and not of the old. New research carried out by ILC-UK and supported by Age UK examines the validity of this assumption and sets out the extent to which debt impacts on the lives of older people.
Over recent years, older people, in common with other age groups, have faced significant financial challenges. For older people, lower than expected returns on savings and decreases in annuity rates have reduced the income many retirees were expecting in later life. Increases in energy and food costs are also hitting older people on fixed incomes hard, while older workers are faced with unprecedented job and income insecurity. Could these new challenges have influenced the attitudes and behaviours of older people towards credit usage? And just how accurate are cosy depictions of older people as ‘squirreling savers shunning credit’ compared to the reality?
This new research explores the way in which attitudes towards borrowing vary by age before presenting new findings on levels of problem debt among older people. The characteristics associated with entering problem debt are explored in this research, as well as the outcomes of living with problem debt on the lives of older people.
Dr Dylan Kneale, Head of Research at ILC-UK, presented the findings of the research. Dr Stella Creasy MP, known for her parliamentary work around the field of debt, was a keynote speaker, while Sally West, Income and Poverty Strategy Adviser at Age UK, provided insight into the organisation’s work in providing debt counselling and advice for older people. Tom Wright, Chief Executive of Age UK, and Baroness Sally Greengross, Chief executive of ILC-UK, co-chaired the event and all took part in a panel debate after presentations.
Professor Les Mayhew's presentation, given on Thursday 12th November at the launch of Cass Business School's research report 'Pension pots and how to survive them'.
10Feb14 - Linking SPA to Longevity - ILC-UKILC- UK
Speaking during the Autumn Statement in December 2013, the Chancellor of the Exchequer, George Osborne MP, confirmed plans which would mean that people should spend a third of their adult lives in retirement.
The 2013 Draft Pensions Bill, currently going through the House of Lords, proposes five-year reviews of the State Pension Age (SPA) with the aim of maintaining the proportion of adult life spent in receipt of a state pension based on increasing life expectancy.
In the UK, reductions in mortality have been accompanied by increased life expectancies over the last century. Between 1911 to 2010, life expectancy in the UK has increased from 49.4 to 78.5 for men and from 53.1 to 82.4 for women. The Chancellor confirmed that the date when the state pension age rises to 68 will be brought forward to the mid-2030s - it had not been due to kick in until 2046 - and the state pension age could rise to 69 by the late 2040s.
A growing number of countries are beginning to link pension age with increases in life expectancy to address the financial impact of an ageing population. Across the OECD, countries are raising retirement ages as life expectancy increases. By 2050, the average state pension age will rise from 63 for men and 62 for women to almost 65 for both sexes. A number of countries in the European Union have linked pension benefits with life expectancy including Spain, Italy, Czech Republic, Denmark, Greece and the Netherlands.
It has been estimated that, from 2007 to 2032, the public expenditure on pensions and related benefits will rise from 4.7% of Gross Domestic Product (GDP) to 6.2%.
But whilst increasing the State Pension Age appears to be a logical step to addressing the financial challenges of an ageing population, the complex interplay of factors impacting on retirement and workforce participation cannot be ignored.
Our event considered some of these challenges such as:
How can increasing the State Pension Age be fair when significant numbers of poorer citizens will reach this age in ill-health (or not at all)?
Which groups lose out most by an increase in state pension age?
How can we respond to the fairness challenge?
The appropriateness of different measures of life expectancy (cohort life expectancy; period life expectancy; healthy life expectancy; disability free life expectancy).
Will increasing the State Pension Age reduce the dependency ratio and extend working lives?
What will be the fiscal impact if an increasing number older people find themselves unable to work and needing to access working age benefits?
At the event, we heared from the Minister for Pensions, Steve Webb MP; ILC-UK Research Fellow, Ben Franklin; Dr Craig Berry, ILC-UK Fellow and Research Fellow at the University of Sheffield; Camilla Williamson, Age UK’s Development and Support Manager, Knowledge Transfer; Professor John MacInnes, a social demographer and Professor of Sociology at the University of Edinburgh.
On the 12th October 2016, the ILC-UK held a Housing in an Ageing Society event, kindly hosted by Legal & General and supported by the ILC-UK Partners Programme.
On Tuesday, 19th July the International Longevity Centre - UK (ILC-UK) launched our “Housing in an ageing society” factpack with the support of FirstPort.
The report found a significant increase in older people living alone, yet millions were failing to adapt their homes to help them live independently.
The State of the Nation’s Housing’ reports that:Only around half of those over 50s experiencing limitations in Activities of Daily Living, live in homes with any adaptations.
Those in retirement housing are significantly more likely to be living in homes with adaptations than those who do not. Approximately 87% of those in retirement housing have home adaptations, by comparison to around 60% of other housing.
There could be a retirement housing gap of 160,000 by 2030 if current trends continue. By 2050, the gap could grow to 376,000.
Over 16 million people – mainly owner occupied, middle aged and older households - live in under-occupied housing.
Growing numbers of 45-64 year olds, and 65-74 year olds are living alone, with 6 million people living in houses with two or more excess bedrooms.
At the event we explored these trends and consider how policymakers should respond.
We heard presentations from:
- Sally Randall, Director, Housing Standards and Support, Department for Communities and Local Government
- Nigel Wilson, Group Chief Executive, Legal & General;
- Dr Brian Beach, Research Fellow, ILC-UK
29Oct14 - Productive Ageing - Dr Ros Altmann ILC- UK
This Robert Butler Memorial Lecture, held on Wednesday 29th October 2014, was part of the ILC Global Alliance visit to the UK.
Robert Butler, founder of ILC US, was a passionate believer in the importance of health and productive ageing and we were honoured that Dr Ros Altmann, government’s Business Champion for Older Workers agreed to give the Lecture.
'How can we support older workers?' an ILC-UK European policy debate, support...ILC- UK
Tuesday 3rd September, M&G, Governor’s House, Laurence Pountney Hill, London, EC4R 0HH, 16:00 for a 16:30 start – 18:30
Featuring Steve Webb MP (Minister for Pensions); Christopher Brooks (Age UK) and David Sinclair (ILC-UK), presenting findings from a new policy review of European innovations in supporting longer working lives. Chaired by Baroness Greengross, CEO, ILC-UK and cross-bench peer
Europe needs older workers. Its long-term ageing population and recent economic hardships are creating huge fiscal and demographic pressures - pressures which could be greatly relieved if it can encourage its workers to remain in work for longer.
How is this to be achieved?
The European Union recently launched its Europe 2020 strategy which set employment targets of 75% for workers aged 20-64. However, with the old-age dependency ratio for the EU28 predicted to climb over 50% by 2050, much more still needs to be done.
In this event we will hear UK and EU perspectives on how older workers can be supported, with contributions from Steve Webb MP, the UK Minister for Pensions; and Christopher Brooks (Age UK)
To inform this debate, ILC-UK launched a report at the event, supported by Prudential, which shares key policy approaches being taken across to support older workers.
Debt and problem debt among older people 4june13 - presentationILC- UK
Debt is commonly assumed to be a problem of the young and not of the old. New research carried out by ILC-UK and supported by Age UK examines the validity of this assumption and sets out the extent to which debt impacts on the lives of older people.
Over recent years, older people, in common with other age groups, have faced significant financial challenges. For older people, lower than expected returns on savings and decreases in annuity rates have reduced the income many retirees were expecting in later life. Increases in energy and food costs are also hitting older people on fixed incomes hard, while older workers are faced with unprecedented job and income insecurity. Could these new challenges have influenced the attitudes and behaviours of older people towards credit usage? And just how accurate are cosy depictions of older people as ‘squirreling savers shunning credit’ compared to the reality?
This new research explores the way in which attitudes towards borrowing vary by age before presenting new findings on levels of problem debt among older people. The characteristics associated with entering problem debt are explored in this research, as well as the outcomes of living with problem debt on the lives of older people.
Dr Dylan Kneale, Head of Research at ILC-UK, presented the findings of the research. Dr Stella Creasy MP, known for her parliamentary work around the field of debt, was a keynote speaker, while Sally West, Income and Poverty Strategy Adviser at Age UK, provided insight into the organisation’s work in providing debt counselling and advice for older people. Tom Wright, Chief Executive of Age UK, and Baroness Sally Greengross, Chief executive of ILC-UK, co-chaired the event and all took part in a panel debate after presentations.
Professor Les Mayhew's presentation, given on Thursday 12th November at the launch of Cass Business School's research report 'Pension pots and how to survive them'.
This presentation includes the ILC-UK's Ben Franklin and Cesira Urzì Brancati presenting a summary of the Moved to Care report; a response from Dr Shereen Hussein, Senior Research Fellow at King's College London; and a response from Madeleine Sumption, Director of the Migration Observatory.
We invited experts from the field of public health and dementia to discuss the growing interest in dementia risk reduction and the implications of a new paper launched at the event entitled 'Preventing dementia: a provocation. How can we do more to prevent dementia, save lives and reduce avoidable costs?'
Building on the momentum of the Blackfriars Consensus from Public Health England and the UK Health Forum on “promoting brain health and reducing risks for dementia in the population”, we are keen to stimulate debate and discussion about how we could tackle dementia risk factors at scale and the potential economic, health and societal benefits of dementia risk reduction.
The provocation to be launched on the day posits that we can have a significant impact on reducing the number of people who will develop dementia. The paper identifies a number of risk factors for dementia that are amenable to intervention and have modelled the impact of matching the best-practice interventions on reducing the six main risk factors from global case studies. It is estimated that over the 27-year period from 2013-2040 this could prevent nearly 3 million people developing dementia in the UK. This would reduce the costs to the state in the UK by £42.9 billion (calculated from 2013 and 2040, minus any associated costs of intervention).
We see this paper as a provocation and a starting point for more detailed and rigorous research in this field, and are keen to hear views on further research gaps in this area and other research and policy analysis being carried out.
Speakers included Rebecca Wood (Alzheimer's Research UK), Sally-Marie Bamford (ILC-UK), Phil Hope (Improving Care), Keiran Brett (Improving Care), Shirley Cramer (The Royal Society for Public Health), Dr Charles Alessi (Public Health England), Johan Vos (Alzheimer's Disease International).
Many older people have equity tied up in their homes that could be used to provide them with a greater income in later life and improve their standard of living. Traditionally, the ways to unlock the equity in people’s homes have been through downsizing, equity release lifetime loans or home reversion plans. However, not everyone is in a position to downsize, there are pros and cons to each approach, and all have associated costs.
The Equity Bank would provide a new way for people to unlock the equity in their home. It would be a state agency which provides people with a low cost fixed lifetime income in exchange for a fixed share of the equity in their home. The Equity Bank would take a charge on the person’s home and recover the value of the equity from the person’s estate after their death.
The event was chaired by Baroness Sally Greengross, Chief Executive of the ILC-UK. Nick Kirwan, Director of the ILC-UK Care Funding Advice Network, opened the discussion. Professor Les Mayhew of Cass Business School and co-author of the paper 'The UK Equity Bank - Towards income security in old age' thened present the concept, after which Paul Burstow MP responded. There was then time for questions and a general discussion.
The 4th April 2016 marks ten years to the day after the final report of the Pension Commission. The Pensions Commission painted a future where individuals would need to do a combination of working longer, saving more, or paying more tax. The Commission argued that a failure to act would lead to poorer pensioners.
This ILC-UK analysis highlights positive progress in extending working lives, preventing pensioner poverty and getting more people into saving. But the think tank warns of complacency and paints a bleak picture for future pensioners.
This analysis, published on its website finds that since the Pensions Commission:
* The average age of exit from the labour force is increasing but it is still below what it was in the 1960s and 1970s.
* In fact, the average time spent in retirement continues to increase.
* Auto-enrolment has delivered a growing number of employees with workplace pensions.
* But median contribution rates are low and a growing proportion of us have no savings. Final Salary pension coverage continues to fall.
* Younger people are less well placed than previous generations to save and may attract lower long term returns on their savings.
* Effective tax rates have been falling but have increased more recently.
* Spending on pensioner benefits slightly above the long run average as a percentage of GDP
Demographic change means that more people will live past the point where they require care. As the increase in life expectancy looks set to continue, we need to develop enterprising and innovative ways to help people save and plan for this eventuality and bring new money into the care system. If people are to save for their future, especially people who are on lower incomes or are less wealthy, it is essential that they have opportunities to do so in a way that is simple, attractive, engaging, and safe, and which provides them with more choice about the care and support they would like. Equally, they must not be penalised for having done so through means tested support. This is what Personal Care Savings Bonds are intended to be all about.
The end of the beginning: Private defined benefit pensions and the new normalILC- UK
Held on Wednesday, 18th January 2017 in the House of Lords, this event launched the ILC-UK report 'The end of the beginning? Private defined benefit pensions and the new normal'.
08May14 - Community Matters: Are our communities ready for ageing?ILC- UK
As the population ages, an increasing number of people will be growing older and continuing to live in communities around the country. Many of our communities are ill-prepared for both the varying needs of older people ageing in place and the future increase in numbers of older people who will need appropriate housing, transport and services. The local elections in May also bring these issues into focus for elected representatives who will be seeking to prepare their areas for these challenges and give the best opportunities for good ageing to their constituents.
At this event we heard results of a series of three solutions-focussed policy discussions held by ILC-UK and Age UK. These discussions have looked at three distinct aspects of communities – from living at home, to getting out and about and the activities and amenities available (or missing) in our communities. We will be discussing a forthcoming report summarising the fresh thinking and practical suggestions for policy makers, local government and community groups gathered from these sessions.
The conference also included sessions on research and information on this topic, and what needs to be done to take action in our communities. All sessions will feature opportunities for attendees to participate in the discussion and add their views on where priorities for action should be focussed.
This report, containing new research by Professor Les Mayhew reveals that the life expectancy gap between the richest and poorest has begun to increase. The research reveals that the richest 5% of men are living an average of 96.2 years, which is 34.2 years longer than the poorest 10% of men. The gap is 1.7 years wider than in 1993.
There are likely to be significant unintended consequences of further increases to State Pension Age in 2028. Increasing State Pension Age up to levels where disability rates are higher, raises concerns about transferring spending from the State Pension to disability or other working age benefits. Increasing the State Pension Age further might also impact on the supply of carers. And will employers be prepared for further increases in the State Pension Age?
Public policy is beginning to recognise the challenges ahead. The DWP Select Committee are currently conducting an Inquiry into “early drawing of the state pension”. Labour have proposed a flexible state pension age so manual workers can retire earlier than other workers. Are there other, potentially more radical solutions to the inequalities challenge?
Throughout 2014, ILC-UK, supported by specialist insurance company, Partnership Assurance Group plc, is undertaking a series of events to explore the relationship between our changing demography and public policy.
The fourth event in this 'Population Patterns Seminar Series' considered the findings of our ‘Factpack’ of UK demographic statistics.
We all know that people are living longer but how is that likely to change our society? How will pensions be affected? How will we care for our growing older society when the traditional “working age” population is shrinking?
These types of debates are increasingly being played out in the media and in political circles but in order for such debates to be productive, they have to be well informed.
ILC-UK believes its 2014 ‘Factpack’ will support this process by highlighting the most recent evidence of our rapidly ageing society. Not only does it provide statistics on a range of critical topics from life expectancy to housing supply; and pensions to long-term care, it also includes a special focus on the current and potential future state of pensioner poverty.
The event was chaired by Baroness Sally Greengross (ILC-UK) with a welcome from Steve Haberman (Dean of the Cass Business School). We were delighted that Gregg McClymont MP, Shadow Minister (Work and Pensions), spoke at at the launch event. We also heard presentations from Professor Les Mayhew (Professor of Statistics, Cass Business School), Steve Groves (Chief Executive of Partnership), Ben Franklin (Research Fellow at ILC-UK) and a response from Tom Younger of the Department for Work and Pensions.
During the discussion we explored:
How the UK’s demography has changed since the release of the 2013 Factpack and how it might change in the future,
How demographic change is reshaping our society,
The challenge of pensioner poverty,
Regional variations in the experiences of older people,
How policy makers should respond to these findings.
Agenda
16:00 - 16:30 Registration
16:30 - 16:35 Welcome by Chair, Baroness Sally Greengross (ILC-UK)
16:35 - 16:40 Welcome by the Dean of Cass Business School, Professor Stete Habberman
16:40 - 16:50 Presentation from Richard Willets (Partnership)
16:50 - 17:10 Presentation from Gregg McClymont MP (Shadow Minister for Work and Pensions)
17:10 - 17:20 Presentation from Ben Franklin (ILC-UK)
17:20 - 17:30 Presentation from Professor Les Mayhew (Cass Business School) Presentation
17:30 - 17:35 Response from Tom Younger (Department for Work and Pensions)
17:35 - 18:25 Discussion/Q&A
18:25 - 18:30 Close by Chair, Baroness Sally Greengross (ILC-UK)
18:30 - 19:15 Drinks reception
A presentation on best practices for cross-organization collaboration in the public sector, delivered by Arun Kumar of Kerika and Joy Paulus of the Washington State Office of the CIO
Strategic Planning Process - Stockyard, Clark-Fulton, Brooklyn Centre Communi...Tom Romito, Facilitator
Visit http://www.tomromito.com
Strategic Planning Process - Stockyard, Clark-Fulton, Brooklyn Centre Community Development Office 2014
Engagement process led by Jeffrey Ramsey, Program Director, SCFBC CDO, Gloria Ferris, President, Community Advisory Council, CDO Staff, and members of the Community Advisory Council, with Tom Romito, Facilitator. At Archwood United Church of Christ, 2800 Archwood Ave., Cleveland, Ohio 44109
Visit the Brooklyn Centre Strategic Planning Process Flickr Collection at flickr.com/photos/127298038@N03/collections/72157648635055207/
Creating and Protecting Retirement Income_ Finding Income in Unexpected Place...Steve Stanganelli
Planning for retirement takes more than simply saving or a buy and hold approach to investing. This presentation provides practical tips on how to plan for your income needs and turn your portfolio into a sustainable cash flow machine. By using diversified portfolios that include alternative income sources, you can help protect your investments from inflation. By having a plan for withdrawing money, you can help protect yourself from running out of it.
Working with neurodiversity: is the new normal here to stay?AbilityNet
In this FREE webinar AbilityNet and Genius Within explored how a shift to home working has brought both challenges and benefits for neurodiverse workers. We shared data on neurominorities and explored the services both organisations can offer in terms of support.
This innovation case study deck -- a project for the California College of the Arts MBA in Design Strategy's first semester Innovation Studio class (with Raffi Minasian) by Alex Rosandick, Chrissy Charlton, Allison Cooper and Dora Yang -- imagines a future national launch event for a program to address loneliness amongst American elders funded by insurance as a preventative therapy.
Presentation graphic design by Alex Rosandick!
For more information, check out the full case study at allisonmarie.co.
This presentation includes the ILC-UK's Ben Franklin and Cesira Urzì Brancati presenting a summary of the Moved to Care report; a response from Dr Shereen Hussein, Senior Research Fellow at King's College London; and a response from Madeleine Sumption, Director of the Migration Observatory.
We invited experts from the field of public health and dementia to discuss the growing interest in dementia risk reduction and the implications of a new paper launched at the event entitled 'Preventing dementia: a provocation. How can we do more to prevent dementia, save lives and reduce avoidable costs?'
Building on the momentum of the Blackfriars Consensus from Public Health England and the UK Health Forum on “promoting brain health and reducing risks for dementia in the population”, we are keen to stimulate debate and discussion about how we could tackle dementia risk factors at scale and the potential economic, health and societal benefits of dementia risk reduction.
The provocation to be launched on the day posits that we can have a significant impact on reducing the number of people who will develop dementia. The paper identifies a number of risk factors for dementia that are amenable to intervention and have modelled the impact of matching the best-practice interventions on reducing the six main risk factors from global case studies. It is estimated that over the 27-year period from 2013-2040 this could prevent nearly 3 million people developing dementia in the UK. This would reduce the costs to the state in the UK by £42.9 billion (calculated from 2013 and 2040, minus any associated costs of intervention).
We see this paper as a provocation and a starting point for more detailed and rigorous research in this field, and are keen to hear views on further research gaps in this area and other research and policy analysis being carried out.
Speakers included Rebecca Wood (Alzheimer's Research UK), Sally-Marie Bamford (ILC-UK), Phil Hope (Improving Care), Keiran Brett (Improving Care), Shirley Cramer (The Royal Society for Public Health), Dr Charles Alessi (Public Health England), Johan Vos (Alzheimer's Disease International).
Many older people have equity tied up in their homes that could be used to provide them with a greater income in later life and improve their standard of living. Traditionally, the ways to unlock the equity in people’s homes have been through downsizing, equity release lifetime loans or home reversion plans. However, not everyone is in a position to downsize, there are pros and cons to each approach, and all have associated costs.
The Equity Bank would provide a new way for people to unlock the equity in their home. It would be a state agency which provides people with a low cost fixed lifetime income in exchange for a fixed share of the equity in their home. The Equity Bank would take a charge on the person’s home and recover the value of the equity from the person’s estate after their death.
The event was chaired by Baroness Sally Greengross, Chief Executive of the ILC-UK. Nick Kirwan, Director of the ILC-UK Care Funding Advice Network, opened the discussion. Professor Les Mayhew of Cass Business School and co-author of the paper 'The UK Equity Bank - Towards income security in old age' thened present the concept, after which Paul Burstow MP responded. There was then time for questions and a general discussion.
The 4th April 2016 marks ten years to the day after the final report of the Pension Commission. The Pensions Commission painted a future where individuals would need to do a combination of working longer, saving more, or paying more tax. The Commission argued that a failure to act would lead to poorer pensioners.
This ILC-UK analysis highlights positive progress in extending working lives, preventing pensioner poverty and getting more people into saving. But the think tank warns of complacency and paints a bleak picture for future pensioners.
This analysis, published on its website finds that since the Pensions Commission:
* The average age of exit from the labour force is increasing but it is still below what it was in the 1960s and 1970s.
* In fact, the average time spent in retirement continues to increase.
* Auto-enrolment has delivered a growing number of employees with workplace pensions.
* But median contribution rates are low and a growing proportion of us have no savings. Final Salary pension coverage continues to fall.
* Younger people are less well placed than previous generations to save and may attract lower long term returns on their savings.
* Effective tax rates have been falling but have increased more recently.
* Spending on pensioner benefits slightly above the long run average as a percentage of GDP
Demographic change means that more people will live past the point where they require care. As the increase in life expectancy looks set to continue, we need to develop enterprising and innovative ways to help people save and plan for this eventuality and bring new money into the care system. If people are to save for their future, especially people who are on lower incomes or are less wealthy, it is essential that they have opportunities to do so in a way that is simple, attractive, engaging, and safe, and which provides them with more choice about the care and support they would like. Equally, they must not be penalised for having done so through means tested support. This is what Personal Care Savings Bonds are intended to be all about.
The end of the beginning: Private defined benefit pensions and the new normalILC- UK
Held on Wednesday, 18th January 2017 in the House of Lords, this event launched the ILC-UK report 'The end of the beginning? Private defined benefit pensions and the new normal'.
08May14 - Community Matters: Are our communities ready for ageing?ILC- UK
As the population ages, an increasing number of people will be growing older and continuing to live in communities around the country. Many of our communities are ill-prepared for both the varying needs of older people ageing in place and the future increase in numbers of older people who will need appropriate housing, transport and services. The local elections in May also bring these issues into focus for elected representatives who will be seeking to prepare their areas for these challenges and give the best opportunities for good ageing to their constituents.
At this event we heard results of a series of three solutions-focussed policy discussions held by ILC-UK and Age UK. These discussions have looked at three distinct aspects of communities – from living at home, to getting out and about and the activities and amenities available (or missing) in our communities. We will be discussing a forthcoming report summarising the fresh thinking and practical suggestions for policy makers, local government and community groups gathered from these sessions.
The conference also included sessions on research and information on this topic, and what needs to be done to take action in our communities. All sessions will feature opportunities for attendees to participate in the discussion and add their views on where priorities for action should be focussed.
This report, containing new research by Professor Les Mayhew reveals that the life expectancy gap between the richest and poorest has begun to increase. The research reveals that the richest 5% of men are living an average of 96.2 years, which is 34.2 years longer than the poorest 10% of men. The gap is 1.7 years wider than in 1993.
There are likely to be significant unintended consequences of further increases to State Pension Age in 2028. Increasing State Pension Age up to levels where disability rates are higher, raises concerns about transferring spending from the State Pension to disability or other working age benefits. Increasing the State Pension Age further might also impact on the supply of carers. And will employers be prepared for further increases in the State Pension Age?
Public policy is beginning to recognise the challenges ahead. The DWP Select Committee are currently conducting an Inquiry into “early drawing of the state pension”. Labour have proposed a flexible state pension age so manual workers can retire earlier than other workers. Are there other, potentially more radical solutions to the inequalities challenge?
Throughout 2014, ILC-UK, supported by specialist insurance company, Partnership Assurance Group plc, is undertaking a series of events to explore the relationship between our changing demography and public policy.
The fourth event in this 'Population Patterns Seminar Series' considered the findings of our ‘Factpack’ of UK demographic statistics.
We all know that people are living longer but how is that likely to change our society? How will pensions be affected? How will we care for our growing older society when the traditional “working age” population is shrinking?
These types of debates are increasingly being played out in the media and in political circles but in order for such debates to be productive, they have to be well informed.
ILC-UK believes its 2014 ‘Factpack’ will support this process by highlighting the most recent evidence of our rapidly ageing society. Not only does it provide statistics on a range of critical topics from life expectancy to housing supply; and pensions to long-term care, it also includes a special focus on the current and potential future state of pensioner poverty.
The event was chaired by Baroness Sally Greengross (ILC-UK) with a welcome from Steve Haberman (Dean of the Cass Business School). We were delighted that Gregg McClymont MP, Shadow Minister (Work and Pensions), spoke at at the launch event. We also heard presentations from Professor Les Mayhew (Professor of Statistics, Cass Business School), Steve Groves (Chief Executive of Partnership), Ben Franklin (Research Fellow at ILC-UK) and a response from Tom Younger of the Department for Work and Pensions.
During the discussion we explored:
How the UK’s demography has changed since the release of the 2013 Factpack and how it might change in the future,
How demographic change is reshaping our society,
The challenge of pensioner poverty,
Regional variations in the experiences of older people,
How policy makers should respond to these findings.
Agenda
16:00 - 16:30 Registration
16:30 - 16:35 Welcome by Chair, Baroness Sally Greengross (ILC-UK)
16:35 - 16:40 Welcome by the Dean of Cass Business School, Professor Stete Habberman
16:40 - 16:50 Presentation from Richard Willets (Partnership)
16:50 - 17:10 Presentation from Gregg McClymont MP (Shadow Minister for Work and Pensions)
17:10 - 17:20 Presentation from Ben Franklin (ILC-UK)
17:20 - 17:30 Presentation from Professor Les Mayhew (Cass Business School) Presentation
17:30 - 17:35 Response from Tom Younger (Department for Work and Pensions)
17:35 - 18:25 Discussion/Q&A
18:25 - 18:30 Close by Chair, Baroness Sally Greengross (ILC-UK)
18:30 - 19:15 Drinks reception
A presentation on best practices for cross-organization collaboration in the public sector, delivered by Arun Kumar of Kerika and Joy Paulus of the Washington State Office of the CIO
Strategic Planning Process - Stockyard, Clark-Fulton, Brooklyn Centre Communi...Tom Romito, Facilitator
Visit http://www.tomromito.com
Strategic Planning Process - Stockyard, Clark-Fulton, Brooklyn Centre Community Development Office 2014
Engagement process led by Jeffrey Ramsey, Program Director, SCFBC CDO, Gloria Ferris, President, Community Advisory Council, CDO Staff, and members of the Community Advisory Council, with Tom Romito, Facilitator. At Archwood United Church of Christ, 2800 Archwood Ave., Cleveland, Ohio 44109
Visit the Brooklyn Centre Strategic Planning Process Flickr Collection at flickr.com/photos/127298038@N03/collections/72157648635055207/
Creating and Protecting Retirement Income_ Finding Income in Unexpected Place...Steve Stanganelli
Planning for retirement takes more than simply saving or a buy and hold approach to investing. This presentation provides practical tips on how to plan for your income needs and turn your portfolio into a sustainable cash flow machine. By using diversified portfolios that include alternative income sources, you can help protect your investments from inflation. By having a plan for withdrawing money, you can help protect yourself from running out of it.
Working with neurodiversity: is the new normal here to stay?AbilityNet
In this FREE webinar AbilityNet and Genius Within explored how a shift to home working has brought both challenges and benefits for neurodiverse workers. We shared data on neurominorities and explored the services both organisations can offer in terms of support.
This innovation case study deck -- a project for the California College of the Arts MBA in Design Strategy's first semester Innovation Studio class (with Raffi Minasian) by Alex Rosandick, Chrissy Charlton, Allison Cooper and Dora Yang -- imagines a future national launch event for a program to address loneliness amongst American elders funded by insurance as a preventative therapy.
Presentation graphic design by Alex Rosandick!
For more information, check out the full case study at allisonmarie.co.
Sector Partnerships: Learning to Work TogetherAmy Rist
Sector Partnerships: Learning To Work Together
Amy Rist, Baystate Health
Developing sector partnerships can be challenging, as
potential partners often have misconceptions about what
each can bring to the project. Sector partnerships require
open communication about what each partner can provide
and what they need. This workshop highlights an employer
lead partnership that has gained national recognition for
successfully training incumbent workers and recruiting
additional workers from the community into a health care
career ladder. Learn from an employer perspective what
it takes to make a partnership work and how you can best
reach out to engage employers to work with you.
Why is the national debt a major problem? How does it affect young people? What government programs are in the most dire financial straits? What are some solutions?
Answers to all these questions can be found in the College Republican National Committee's debt tookit. Learn more and become engaged today!
This presentation on activism events is based on my experience as Chairman of the Missouri College Republicans and Co-Chairman of the College Republican National Committee.
2. The Reality: The public sector continues to grow in numbers and government
employees continue to earn more than their private sector counterparts. The
government fails to understand that an over‐stressed private sector cannot continue
to subsidize a bloated bureaucracy.
Fact 1: Public Sector Far OutEarning the Private Sector
According to the Commerce Department’s Bureau of Economic Analysis the average
wage disparity between federal and private sector workers was approximately
$60,000. When we take state and local public employees into account a similar trend
emerges. Data compiled by the Cato Institute Xinds that,
“The average compensation in the private sector was $59,909 in 2008,
including $50,028 in wages and $9,881 in beneXits. Average
compensation in the public sector was $67,812, including $52,051 in
wages and $15,761 in beneXits.”
A job‐by‐job comparison also reveals the startling pay difference between the public
and private sector. In fact, in 83% of comparable occupations, federal salaries exceed
private sector pay. Consider a sampling of data provided by the Bureau of Labor
Statistics and compiled by the USA Today:
JOB FEDERAL PRIVATE DIFFERENCE
Broadcast Technician $90,310 $49,265 $41,045
Civil Engineer $85,970 $76,184 $8,876
Computer Specialist $45,830 $54,875 -$9,045
Dental Assistant $36,170 $32,069 $4,101
Financial Analyst $87,400 $81,232 $6,168
Landscape Architects $80,830 $58,380 $22,450
Machinist $51,530 $44,315 $7,215
Paralegal $60,340 $48,890 $11,450
Public Relations Mngr $132,410 $88,241 $44,169
Secretary $44,500 $33,829 $10,671
Surveyro $78,710 $67,336 $11,374
A weekly publication by the College Republican National Committee. Copyright 2010.
3. Fact 2: Public Sector Pensions are Bankrupting Many Governments
A recent survey by CareerBuilder found that “[m]ore than seven‐in‐ten (72%) of
workers over the age of 60 who said they were putting off their retirement are doing
so because they can’t afford to retire.” But while the private sector struggles, many
public servants are spending their golden years very comfortably. Consider:
• Four‐in‐Xive workers have lifetime pensions, compared with only one‐in‐Xive
in the private sector
• On average the public sector receives $13.65 worth of beneXits per each hour
they work compared to $8.02 dollars for private sector workers
• Public sector workers can generally retire earlier ‐ usually age 55 ‐ and still
qualify for up to 90% of their income in pension
• The average public pension plan is 35% underfunded
The public pension problem creates a huge economic burden on government. For
instance, some towns in California such as Vallejo and Desert Hot Springs, have been
forced to Xile bankruptcy due to the inability to pay the cost of employee pensions.
The cost of California pensions, have grown from $150 million per year to over $3
billion per year in just the last decade ‐ a 2,000% increase.
This is not a California speciXic problem. Orin Kramer, chairman of New Jersey’s
INvestment Council, who has studied the problem, Xinds that the total unfunded
liability of the nation’s public pension could be as large as $2 trillion. Some would
say even this huge Xigure underestimates the problem. Joshua Raugh, professor of
Xinance at the Kellogg School of Management at Northwestern University says that
“our calculation is that it’s more like $3 trillion underfunded.
Fact 3: Young Adults Will Be on the Hook for the Governments Excesses
Governments are refusing to face up to the economic realities of a huge bureaucracy.
Given the data it appears that the federal government is paying well‐above that
which is necessary to compete with the private sector for skilled labor. Moreover,
despite the economic downturn which has caused a massive decrease in tax
revenue, the government keeps on hiring and spending. As Michael Barone recently
wrote for the Washington Examiner,
“While the private sector has lost 7 million jobs, the number of public‐
sector jobs has risen. The number of federal government jobs has been
increasing by 10,000 a month, and the percentage of federal
employees earning over $100,000 has jumped to 19 percent during
the recession.”
A weekly publication by the College Republican National Committee. Copyright 2010.