Life beyond 50
What is the role of individuals, employers and policy makers in supporting people to plan for life beyond 50?
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How prepared are we for our later lives?
We are living longer than ever before. Surely more time means more opportunities for us to get the most out of life? Unfortunately, that is not always the case. Many of us risk missing out on enjoying our older age because we haven’t thought through the consequences of a longer life for where we live or our financial security. Many people’s expectations of later life differ wildly from what they actually experience. We can’t predict all the challenges that lie ahead but there are steps we can take to create the later lives we want to have.
So, what exactly do we need to think about and plan for - for our future selves? How can we ensure fewer people miss out?
At this event, we discussed the challenges of preparing for our later lives. What is the role of individuals, employers and policy makers in supporting people to plan for life beyond 50?
In this breakfast debate we’ll explore:
- How can individuals plan for what’s ahead?
- Whose role is it to help people think about their later life?
- What are the effective methods of encouraging people to engage?
- Could mid-life MOTs make this easier for everyone?
- What part can employers play?
- Money in later life - is there more to this than pensions?
- What is the role of policy makers?
- Date: Wednesday 27th November 2019
- Venue: Coram Campus, 41 Brunswick Square, London WC1N 1AZ
- Arrive: 8.30am (complimentary refreshments and light breakfast available)
- Start: 9.00am
- Finish: 10.30am
Guest speaker profiles
Jane Portas is a Partner at PwC and in her personal capacity a co-founder of Insuring Women's Futures, a volunteer programme established to improve women’s financial resilience. The programme draws together leading experts across insurance, personal finance and financial services, policymakers, regulators, employers and the third sector.
The programme is underpinned by various research authored by Jane which considers how life in the UK is changing, the differences between men’s and women’s life journeys and the implications for their respective financial security. Through reviewing trends in how we are educating and working, forming relationships and families, our health, wellbeing and ageing, the work identifies 6 Moments that Matter where we can all make interventions to realise change.
Jane’s talk will highlight the key steps in women’s financial life journey with a spotlight on the over 50s and consider what are the key Moments on the path to a secure financial future. Jane will then discuss this further on the panel.
Gloria Flynn-Piercy and Karen Phillips will be talking about later life transitions - working longer and living life to the full. A recent study carried out in partnership with the Centre for Ageing Better revealed that just 30% of UK adults say they are looking forward to later life and 50% say they worry about getting older. Both men and women are working longer and the rise in state pension age for women means that 4.9 million women aged 50+ are now employed, double that of 1994. Alongside this, many women in their 50s are part of the first generation of women to have gone back to work full-time after having children. This means that both men and women in their 50s and 60s are often still working, as well as supporting elderly parents and helping to care for grandchildren. These circumstances often cause older workers to feel they are being pulled in many directions and this twinned with staff shortages means that older workers in the NHS are often experiencing increased levels of stress.
Being mindful of these facts the Later life Transitions Programme aims to improve staff retention and succession planning by supporting older staff to:
- Remain in the workplace, be effective and pass on their skills, expertise and experience
- Better manage Later Life Transitions whilst continuing to work
- Engage in thinking and behaviours that support their wellbeing and promote resilience
- Stay healthy by attending to their physical, emotional and spiritual wellbeing
- Stay connected and avoid loneliness
- Be aware of and challenge ageism in the workplace
- Maintain a purpose and live life to the full