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Thursday, October 04, 2012

Are you a Brit? Interested in the older consumer? Don't miss this free conference

If you are a Brit and your business is involved with the older person then you should get to this presentation by the Institute of Fiscal Studies (IFS).

For those of you who don't know, the IFS produces (in my view) the highest quality of research about the state of the UK finances.

This session on the 23r October is to launch two new reports that it has created.

The effect of the financial crisis on older households in England
Asset prices fell substantially in the UK during 2008–09. Using information from a survey that was in the field at the time, combined with information on the same individuals from before the crisis struck, we document the effect of the crisis on the finances of those aged 50 and over in England, and estimate its impact on household consumption and individual expectations of the future.

The adequacy of retirement savings of those approaching the state pension age
We examine the financial circumstances of those aged between 50 and the State Pension Age in order to assess the likely adequacy of their resources in retirement. Two concepts of adequacy are considered – the first concerns the risk of having to rely on the state to attain a minimum level of income in retirement, the second concerns the risk of income falling precipitously as individuals move from paid work to retirement.

This should be fascinating. Dick Stroud

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