Brett Hill: Adapting to an ageing workforce

clock • 3 min read

By 2020, a third of Britain's workforce will be aged over 50 and so, writes Brett Hill, employers and insurers need to evolve and reassess how best to help older staff prolong their careers

According to the Institute of Employment Studies, there are currently 7.2 million workers aged 50 to 64 and, by 2020, one third of Britain's workforce will be aged over 50. Changes to the state pension age, the demise of final salary pension schemes, the economic environment and demographic shifts have all contributed towards employees retiring at a later age. Employers and health insurers have expressed concerns about the mismatch between what is being done in preparation for the rise in those numbers and the types of solutions currently on offer to support the needs of older employees....

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Group Protection

IPT hits £6.7bn in 24/25

IPT hits £6.7bn in 24/25

IPT and Employer NICs receipts

Cameron Roberts
clock 22 January 2025 • 2 min read
Economic inactivity steady but unemployment rising: ONS

Economic inactivity steady but unemployment rising: ONS

Employment impact on protection and health

Cameron Roberts
clock 21 January 2025 • 2 min read
Mental illness ranks as second most common GIP claim

Mental illness ranks as second most common GIP claim

Early intervention made the most difference

Jaskeet Briah
clock 17 January 2025 • 3 min read