pensionsandsavings.com

  • PENSIONSANDSAVINGS.COM

    From Ros Altmann:economist and pensions,
    investment and retirement policy expert

    • pensionsandsavings.com

    pensionsandsavings.com

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    Category: Older Workers Employment

    Delighted to see Government rejects age discrimination against over-70s

    Delighted to see Government rejects age discrimination against over-70s

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    Government rejects discrimination in its lockdown policy – quite right too! Isolated, healthy over-70s delighted to be spared harsher treatment just because of their age.  ONS death rates and medical evidence do not suggest all over-70s at greater risk from Covid-19. Older people delighted to see Government rejecting discrimination: The Government’s measures to ease lockdown restrictions do not, as many had feared, include ageist bias. Having worked so hard to overcome age discrimination throughout society and the workplace, Ministers have…

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    Pension freedoms carry risks but are better than the old system

    Pension freedoms carry risks but are better than the old system

    Comments 4 comments

    FCA concerns about ‘significant risks of harm’ from pension freedoms are valid, but do not mean freedoms are wrong. Consumers are facing new risks, but it is right to allow people to manage their pensions over time, rather than requiring most to just buy a standard annuity.  Original policy intention of ensuring everyone receives impartial guidance or advice before taking money from their pension was absolutely right, but this is not happening in practice.  Without impartial guidance or advice, consumers…

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    Making the State Pension more flexible should focus on State Pension Age

    Making the State Pension more flexible should focus on State Pension Age

    Comments 2 comments

    State Pension flexibility could be welcome, but for State Pension Age, not amount of pension. Just allowing people to take part of their State Pension, while still requiring them to wait to an ever-rising State Pension age, will not remedy the injustices in the current system. We already have the lowest state pension in the developed world and receiving only part of it will just add complexity, but will not help those in failing health or caring for others. Current…

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    The wonderful over-70s: inter-generational fairness has many aspects!

    The wonderful over-70s: inter-generational fairness has many aspects!

    Comments 2 comments

    LET’S CELEBRATE THE OVER-SEVENTIES. Having always been a champion of the skills, talents and societal contributions of older generations, I recently enjoyed one of my favourite afternoons of the year. It was so uplifting, I have decided to write about it. As Mark Twain said ‘age is an issue of mind over matter, if you don’t mind, it doesn’t matter’. That is so true. And a perfect example of this was revealed the other day when, thanks to the Chancellor…

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    Justice system hit by forced retirement – reduced immigration in an aging population demands new thinking

    Justice system hit by forced retirement – reduced immigration in an aging population demands new thinking

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    Justice system in peril as forced retirement at age 70 causing shortage of magistrates. Compulsory retirement in an ageing population is wasting home-grown skills and talent! Recruitment crisis requires new thinking on age discrimination, especially as immigration falls. Mandatory retirement ages are blunt tool and should be replaced by impartial appraisal. Crisis in justice system as number of magistrates has halved: Magistrates are calling for the Government to abandon its policy of forcing them to retire at age 70, introduced…

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    Discrimination against older workers

    Discrimination against older workers

    Comments 3 comments

    Older workers – especially women – face damaging discrimination in the jobs market. Parliamentary Committee calls for action against recruitment industry for breaches of equality law. Many older women excluded from the world of work face poverty as state pension age rises. Calls for improved efforts to Retain, Retrain and Recruit older workers. The Commons Women and Equalities Committee inquiry into employment for older people contains damning findings of age discrimination in the workplace. It concludes that ageism in the…

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    Don’t hit older workers to pay for social care – need a solution that is fair across and within generations

    Don’t hit older workers to pay for social care – need a solution that is fair across and within generations

    Comments 0 Comment

    Forcing pensioner workers to pay National Insurance is not a solution to care funding crisis Imposing new National Insurance on just one group introduces new unfairness and could be politically damaging Pensioners are not entitled to many of the benefits that National Insurance covers Working past pension age should be encouraged, not penalised to pay for other people’s care How could Government justify forcing pensioner workers to fund other people’s social care while non-working pensioners on huge pensions pay no…

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    Women’s state pension age rises – IFS research

    Women’s state pension age rises – IFS research

    Comments 9 comments

    2 August 2017 Controlling State Pension costs is right but 1 in 5 women affected pushed into poverty IFS research shows rising State Pension age saves billions but leaves many in hardship Working age benefits are not enough to support women unable to keep working Government failure to properly inform women could justify helping some bridge the gap Government is right to look to control the costs of state pensions: Clearly, in an aging population, with rising longevity and pay-as-you-go…

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    Election Manifesto for older voters – 6-point plan for reform

    Election Manifesto for older voters – 6-point plan for reform

    Comments 11 comments

    20 April 2017 Help poorer pensioners, older women and families facing elderly care Radical overhaul of social care to ensure fairer system for all – a crisis worse than pensions State Pension triple lock could move to a double lock, increasing by prices or earnings Double lock should apply to Pension Credit so poorest pensioners are protected properly Improve pension outcomes for women – private pensions, State Pensions and WASPI Reform pensions tax relief to give everyone a 33% Government…

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    Lower immigration post-Brexit makes retaining older workers more vital than ever

    Lower immigration post-Brexit makes retaining older workers more vital than ever

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    5 February 2017 Wake-up call to business to use home-grown skills and experience of older workers Over 50s women need specific help as they’ve been badly disadvantaged Rethinking retirement can increase economic activity and national income short-term and long-term 3’R’s vital to rethinking retirement – ‘Retain’, ‘Retrain’ and ‘Recruit’ more over 50s In March 2015 I produced a Report as Business Champion of Older workers explaining the benefits of encouraging and enabling more people to work longer if they wish…

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