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

    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

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    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

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    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

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    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

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    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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    Social revolution underway as millions more over 50s keep working

    Social revolution underway as millions more over 50s keep working

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    28 July, 2016 Important new Statistical Series released today to track trends in later life working Massive increase in labour force participation for over 50s since the 1980s Older women show largest employment rise while proportion age 70-74 in work has doubled Rise in female participation pre-dates increase in state pension age There is a social revolution underway, which can benefit millions of people in the UK, which is seeing increasing numbers of over 50s stay in work, continuing to…

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    My farewell blog…

    My farewell blog…

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      As most readers of this blog will know by now, I have been appointed Minister for Pensions in David Cameron’s new government. Having spent so many years studying pensions, savings and retirement policy as an independent expert, I have the chance of working inside government to drive things forward.  It will certainly keep me busy and be a great new challenge. Recent years have seen sweeping changes to our pensions system, changes which have started to move pensions in…

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    Older Workers Face Discrimination and Disadvantage in the Labour Market

    Older Workers Face Discrimination and Disadvantage in the Labour Market

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    11 March 2015 Overcoming barriers to later life working can boost prospects for old and young Government needs a strategy for adult skills, career reviews and must improve JobCentres Older workers are good for the economy, good for business and good for younger workers too My Business Champion for Older Workers Report, published today, explains the case for ensuring the over 50s can stay in employment if they want or need to. The Report ‘A New Vision for Older Workers…

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    Older workers are essential for economic success

    Older workers are essential for economic success

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    22 February 2015 Having more over 50s in work is not a threat to younger people’s wages or employment – it is essential for economic progress Studies suggest more older people in employment improves employment and wages for the young In our ageing population, we should welcome higher employment levels for over 50s – if they shift to part-time that may depress average wages but is not a concern long-term Concerns about rising labour force participation by older workers being…

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