Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
    • Moody's - Climate Risk Insurers series
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • The Actuary Issues
  • July 2014
07

Ros Altmann to speak up for older workers

Open-access content Monday 14th July 2014 — updated 5.13pm, Wednesday 29th April 2020

Pensions expert Ros Altmann is to be the government’s champion for older workers, tasked with making the case for the over-50s within the business community, the Department for Work & Pensions announced today.

Announcing the appointment, pensions minister Steve Webb said: 'I wanted a powerful voice, someone respected amongst the business community, with a track record of speaking up for consumer rights without fear or favour. In Dr Ros Altmann that's exactly what we have.'

Altmann said she was honoured to accept the appointment. 'I am really proud to be taking on this new role and look forward to championing over 50s in the workplace. This fast-growing section of society has so much experience and talent to offer and could play a vital role in future growth.

'Everyone can benefit from ensuring their skills do not go to waste. I also look forward to challenging some of the outdated and downright inaccurate perceptions of later life workers who still have so much to offer.'

The DWP argued that remaining in work for just one year longer brings significant gains to individual households in extra earnings and pension contributions. The department also said there were well-recognised benefits to people's health and wellbeing, as well as to business and the economy as a whole.

Altmann added that she was pleased that the government recognised the importance of encouraging people to stay in the labour market, 'rather than giving up before [the workers] need to.'

'A big part of my role is to work with employers to understand significant benefits of training and recruiting older workers,' she said.

Baroness Sally Greengross, chief executive of the International Longevity Centre-UK think-tank, said: 'We are living longer than ever before, yet far too many people fall out of the workforce early. Without more older workers active in the workplace there are significant risks for UK plc that we will not have the workforce or skills we need to be a competitive nation. Businesses must wake up to the challenge of extending working lives.

'Helping people work longer requires leadership and it is wonderful to see the announcement of Ros Altmann as the new business champion for older workers. I have no doubt that Ros will do all she can to nudge, encourage and indeed push companies to maximise the potential of older workers.'

 

This article appeared in our July 2014 issue of The Actuary .
Click here to view this issue

You may also be interested in...

PMI seeks views on new qualifications

The Pension Management Institute today launched two consultations on new and revised qualifications for pensions professionals, aligned with current industry developments and placing a particular focus on governance.
Wednesday 16th July 2014
Open-access content
ta

Mercer and Zurich team up to offer longevity hedge for smaller DB schemes

Mercer has partnered with global insurer Zurich to launch what they claim is a unique longevity hedge product for smaller and mid-sized defined benefit schemes.
Tuesday 15th July 2014
Open-access content

Retirees 'regret' annuity choice, survey reveals

More than two-thirds of retired people who accepted the annuities offered to them by their pension providers now regret it and would do things differently, a Just Retirement survey has revealed.
Tuesday 15th July 2014
Open-access content

Pensioners 'better off' in independent Scotland, SNP claims

A vote in favour of Scottish independence will see pensioners £260 a year better off, Scotland’s deputy first minister claimed today.
Friday 11th July 2014
Open-access content

ABI calls for clearer insurance renewal process

The Association of British Insurers has proposed a new minimum standard of information that would make motor and house insurance renewals easier.
Friday 11th July 2014
Open-access content

Auto-enrolment could see £495bn saved in DC assets, PPI finds

Up to 15 million people will be actively saving in private sector workplace schemes by 2030, with up to £495bn in defined contribution assets, the Pensions Policy Institute has found.
Thursday 17th July 2014
Open-access content

Latest from Careers

yguk

Is anybody out there?

There’s no point speaking if no one hears you. Effective communication starts with silence – this is the understated art of listening, says Tan Suee Chieh
Thursday 2nd March 2023
Open-access content
ih

Actuary and… police officer

In a new feature highlighting the wide-ranging pursuits actuaries do outside their day job, we meet Reema Uppal, who trained with the Met
Wednesday 1st March 2023
Open-access content
Web-city-at-dusk-shutterstock_549687475.jpg

Rising in the East

Head of business acceptance and chief pricing actuary, Asia Pacific, SCOR, Hong Kong, CHINA
Wednesday 1st March 2023
Open-access content

Latest from July 2014

Independent DC audit panel issues progress report

The independent panel convened to probe the defined contribution pensions market has confirmed it will review all workplace pensions sold before 2001 and all post-2001 DC plans sold with fees over 1% per annum.
Thursday 31st July 2014
Open-access content

Towers Watson: value of 'at-retirement' market set to hit £50bn

The UK ‘at retirement’ market will triple to £50bn by 2023, pushed by substantial annuity sales, according to analysis by Towers Watson.
Friday 25th July 2014
Open-access content

IFoA and FRC issue statement on actuarial standards

The Institute and Faculty of Actuaries (IFoA) and the Financial Reporting Council (FRC) have issued a joint statement on actuarial standards.
Thursday 24th July 2014
Open-access content

Latest from no_opening_image

TPR publishes coronavirus guidance

The Pensions Regulator (TPR) has published guidance to help UK pension trustees, employers and administrators deal with the financial and regulatory risks posed by coronavirus.
Monday 23rd March 2020
Open-access content
web_p24_cat-and-fish_iStock-483454069.png

Sensitivity analysis: swimming lessons

Silvana Pesenti, Alberto Bettini, Pietro Millossovich and Andreas Tsanakas present their alternative approach to sensitivity analysis
Wednesday 4th March 2020
Open-access content
ta

IFoA adjudication panel: Mr Jack Wicks, student

On 30 October 2019 the Adjudication Panel considered an allegation of misconduct against Mr Jack Wicks (the respondent).
Friday 28th February 2020
Open-access content

Latest from 07

Independent DC audit panel issues progress report

The independent panel convened to probe the defined contribution pensions market has confirmed it will review all workplace pensions sold before 2001 and all post-2001 DC plans sold with fees over 1% per annum.
Thursday 31st July 2014
Open-access content

Towers Watson: value of 'at-retirement' market set to hit £50bn

The UK ‘at retirement’ market will triple to £50bn by 2023, pushed by substantial annuity sales, according to analysis by Towers Watson.
Friday 25th July 2014
Open-access content

IFoA and FRC issue statement on actuarial standards

The Institute and Faculty of Actuaries (IFoA) and the Financial Reporting Council (FRC) have issued a joint statement on actuarial standards.
Thursday 24th July 2014
Open-access content
Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Life Actuarial Contract - Capital Project (outside IR35)

England
Negotiable
Reference
149010

Pricing Consultant (Non-Life)

London / Leeds
Up to £70,000 + Benefits
Reference
148996

Senior Actuary

London (Central)
Negotiable
Reference
148991
See all jobs »
 
 
 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2023 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ