pensionsandsavings.com

  • PENSIONSANDSAVINGS.COM

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

    • pensionsandsavings.com

    pensionsandsavings.com

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    Category: Rethinking Retirement

    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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    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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    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

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    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

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    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

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    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

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    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

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    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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    Tomorrow could be the start of a whole new retirement

    Tomorrow could be the start of a whole new retirement

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    29 June 2014 Right to request flexible working for all starts tomorrow Government giving green light to redefine retirement – encouraging flexible working in later life A win-win-win – better for older people’s health and wealth and better for the economy All workers can request flexible working:  From 30th June, the Government is giving all workers the right to request flexible working.  So far, parents and carers can ask their employer to allow them to work flexibly, but now all…

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    A wake-up call to embrace benefits of saving and working longer

    A wake-up call to embrace benefits of saving and working longer

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    17 December 2013 IFS study is a wake-up call to embrace benefits of saving and working longer Headlines of younger generations being much worse off than previous generations are too negative IFS shows younger cohorts were much better off earlier in their lives but spent rather than saved – as economy picks up they can rethink their lives IFS report shows lower incomes for younger generations partly result from failure to save:  Today’s IFS report has led to dire warnings that…

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    Rising state pension age is not a penalty on the young

    Rising state pension age is not a penalty on the young

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    5 December 2013 Rising state pension age is not a penalty on the young – it’s an opportunity to embrace a new type of retirement  Retirement needs to change – it is not an aspiration to live on a state pension for over 30 years! There is much angst this morning about the Chancellor’s suggestion of increasing state pension ages for younger generations.  Quite frankly, the concerns seem based on out of date ideas about the nature of state pensions and retirement. …

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