UK - Government efforts to get older workers back into jobs have flopped, new research shows.
A report by the Policy Exchange – Left Out Left Behind – says the number of people between 50 and the state pension age who are unemployed has risen by almost 20,000 to 2.5 million since 1997.
The government’s pensions Green Paper claims one key to solving the problems of poverty in retirement is getting more people to work longer.
But the report’s co-author, Nicholas Hillman, said government policies did not help to curb the increasing trend of forced or voluntary early retirement.
He said: “The government’s £60 a week New Deal 50 Plus scheme was supposed to try to get these people back to work, but clearly it has been a huge flop.
“The government’s own research shows the training grant has not had a significant impact. We need to look at new ways to overcome this.”
Local government minister Rishi Sunak says his department's priority is to make a success of local government pension pooling, warning there is no room for complacency.
The Association of Consulting Actuaries (ACA) has appointed its first female chair, Jenny Condron. Victoria Ticha speaks to her about the key pension issues that must be addressed and how to bridge the industry's gender gap
In this week's Pensions Buzz, we want to know whether you agree with MPs that enhanced powers for The Pensions Regulator (TPR) will only be effective if there is also a cultural change at the watchdog.
Smart Pension has appointed ClaritEx to develop its cost transparency solutions effective from Q3, making the master trust its first client.