July 28, 2016
Growing number of people past retirement age still work to boost income 0
For all that everybody bangs on about Millennials, it’s increasingly apparent that the workforce in most nations is actually getting older and that it’s not just Governments who are keen to keep older staff in work, but also people themselves. A new study from MetLife based on Government data claims that nearly one in seven over-65s in the UK are boosting their retirement income by working, earning around £296 in addition per week. The data suggests that the numbers of over-65s working has increased from just 8 percent of the pensioner population to 13 percent in the last ten years, the equivalent of 1.1 million people.  Median earnings from working are £296 a week adding up to annual pay of nearly £15,400. The need to keep working is underlined by the continuing squeeze on saving and investment income, which generates just £312 a year for pensioners on average. The proportion of pensioners earning money from investments has dropped from 72 percent in 2004/05 to around 64 percent now. Around 72 percent of all pensioners have private or company pensions compared with 66 percent a decade ago.

			        
		        




A rapidly ageing workforce is not just a challenge for Western economies. The government of China, the world’s second largest economy, has announced that it expects its workforce to decline by nearly a quarter (23 percent) between now and 2050 as the population ages and more and more jobs are automated. The Government is now considering raising the retirement age from 59 to 65 ahead of an anticipated sharp decline in the numbers of people of working age after 2030, according to the Ministry of Human Resources and Social Security.  A spokesman for the ministry forecast a fall of 211 million people of working age to 700 million by 2050. China’s demographic challenge is mirrored in many countries but has its own characteristics thanks to its strict and controversial decades-long 


In a new report 
The 21st Century has seen an explosion of self employment in the UK, and most people who have become self employed have done so for positive reasons, claims a new report from the UK Government’s Office for National Statistics. According to the 
A coalition of twenty major European telecommunications firms has come together to drive the rapid creation of a continent wide 5G network and warn national Governments and the EU of the dangers of over-regulation. The seven page document entitled the 


According to 








                       		
                       		
                       		
                       		
                       		
                       		
                       		
July 5, 2016
Employers need more help in navigating the Apprenticeship Levy 0
by David Allison • Comment, Workplace
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