This report by the Tomorrow Project , commissioned by the Chartered Institute of Personnel and Development, argues that forcing people to work longer isn’t the answer to the pensions crisis. The real alternative may well be a new, flexible approach to retirement that both transforms the experience of old age and brings “ripple down” benefits for future generations of younger workers. This new concept of “liquid lives” forms the conclusion of a two-year research project into the future of retirement.As Britain’s demographics have changed, people have moved from entering work aged 15, working for 50 years and dying on average ten years later, to a situation where most start working at 18, work for 47 years and survive in retirement for 20 years. This means that traditional approaches to career development are also changing. Rather than being stuck in an unfulfilling career by the fear of impending retirement, people feel able to change career into their fifties and beyond. The need to adapt working patterns to become more flexible for older people has a positive knock-on effect for the terms and conditions of younger workers – not least because people at the top have one eye on their own future flexible working needs.
Published by the Chartered Institute of Personnel and Development and available from Richard Worsley, on 01328 7360297 or firstname.lastname@example.org. Cost 20.00 pounds.