• PENSIONSANDSAVINGS.COM

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

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    Category: Rethinking Retirement

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

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

    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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    Cridland State Pension Age Review

    Cridland State Pension Age Review

    23 March 2017 Cridland Report emphasises importance of working longer but shies away from allowing early State Pension for those who can’t Summary of my views: Yes it is important to help people work longer, especially after Brexit Yes Government should end the triple lock which doesn’t protect oldest and poorest pensioners properly anyway Yes we must tell people about any increases to their State Pension age Yes adults caring for elderly relatives need more help  BUT I would go…

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    Cridland State Pension age independent review: interim report.

    Cridland State Pension age independent review: interim report.

    13 October, 2016 Here are my thoughts and comments on the Cridland State Pension age independent review: interim report. As Cridland considers the options, Government has a chance to make State Pension policy fairer Consider extending number of years for full pension, rather just than raising state pension age Current system gives higher state pension to people healthy or wealthy enough to wait and work longer, but often disadvantages those with longest working lives or poor health Continually increasing State…

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    Social revolution underway as millions more over 50s keep working

    Social revolution underway as millions more over 50s keep working

    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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    Older workers are essential for economic success

    Older workers are essential for economic success

    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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    Nearly 5million over 50s intend to keep working past age 65 as later retirement becomes the norm

    Nearly 5million over 50s intend to keep working past age 65 as later retirement becomes the norm

    13 January 2015 Latest Survey for Older Workers Champion shows a retirement revolution is well underway Nearly 5 million people intend to keep working beyond age 65 as later retirement becomes the norm Only 17% favour traditional retirement pattern as majority want to ease into retirement via part-time work first Employers need to increase emphasis on later life training and flexible working Millions of older people do not know that over 65s don’t pay national insurance Retirement is changing as…

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    A day at the JobCentre – what I learned about over-50s employment

    A day at the JobCentre – what I learned about over-50s employment

    Out of work over-50s suffer from poor tech skills, loss of confidence and ageism Some JobCentres offer specific over50s training for IT, CVs and interviews Volunteering is a great way into work – half of over-50s volunteers find employment Having spent a day at the Streatham JobCentre, I thought you might be interested in some of my observations. What’s it like?:  The Streatham JobCentre is managed by a passionate woman called Denise who is clearly on top of her staff…

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    If retirement age rises we need to redefine retirement too

    If retirement age rises we need to redefine retirement too

    7  October 2014 Later retirement is inevitable and can boost personal lifetime incomes as well as the economy Retirement ages now lower than 1950s – but 6 months a year rise can’t last long, only a catch-up If sustained, retirement age would be 80 over next 30 years! But need a whole new concept of retirement – phase of part-time work, not suddenly stopping DWP forecasts suggesting an increase in average retirement ages by 6 months a year can only…

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    Over 50s find it harder to get back into work as labour market improves

    Over 50s find it harder to get back into work as labour market improves

    14th August 2014 Unemployment has fallen far less for over 50s than for younger workers as ageism in workplace remains Under the coalition, unemployment for 16-49 year-olds has fallen 19%, but only 5% for over 50s The latest ONS employment figures show that the UK unemployment rate has fallen far faster than previously expected and now stands at 6.4%, the lowest level since Q4 2008. The figures also show that, under the Coalition Government, rising numbers of older people are…

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    Why working longer is the way of the future

    Why working longer is the way of the future

    People will increasingly realise the benefits of redefining retirement In the past, retirement was not an active decision – it just happened to you, dictated by your employer, a pension scheme or society:  Traditional UK retirement was not an active choice, but an event that happened, dictated by outside forces rather than being a positive and considered decision.  For example most people automatically stopped work at their pension age or were offered the chance to retire early with a good…

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