Investment Life & Pensions Moneyfacts:  Home is where the wealth is

April 02, 2019 Tom Murray

long term care plans equity release Long Term Care private pension UK population

Home is where the wealth is This article was originally commissioned for the March 2019 edition of the Investment Life & Pensions Moneyfacts Magazine. Tom Murray argues that a vibrant equity release market will be vital in helping the elderly to access the level of care they need. One of the biggest issues faced by the UK is the difficulty people have in maintaining their lifestyles in retirement when the majority of their wealth is tied up in bricks and mortar.  How to provide decent pensions and social care for the elderly, when many of them are asset rich and cash poor is a fundamental problem facing our society, along with most societies in the western world.  For the provision of care to the elderly is spectacularly expensive; average home care costs are £30,000 p.a., £40,000 if nursing care is required.
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Actuarial Post: “And, finally… robot-pets”

December 06, 2018 Tom Murray

insurance retirement planning long term care products Long Term Care robots

ACTUARIAL POST: “And, finally… robot-pets” This article was originally commissioned for Inner Workings, a monthly column written by Tom Murray, in the  November 2018 edition of the Actuarial Post.   The use of robots in Japanese care homes has featured a lot lately in the last segment of the news – the light-hearted piece that is scheduled in order to finish the news broadcast on a pleasanter note, following the bad news items that have gone before. These segments generally focus on the ability of automated robots to interact with elderly people and perform simple tasks such as fetching a glass of water or switching off a light. The topic is dealt with as an amusing item to amaze and entertain people. But beneath the trivial entertainment value of these segments, lies a serious question; is this is a feasible solution for the UK, given the huge looming issue of care provision for the country?
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Investment Life & Pensions Moneyfacts: The cold, hard truth

December 04, 2017 Tom Murray

UK pension policy Brexit Investment Life & Pensions Moneyfacts Long Term Care

Investment Life & Pensions Moneyfacts: The cold, hard truth This article was originally commissioned for Investment Life & Pensions Moneyfacts Magazine. Tom Murray looks at how the high old-age dependency ratio afflicting Finland should serve as a warning to the UK Government that a long-term strategy is needed.
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Joined-up Thinking

April 25, 2017 Tom Murray

long term care plans auto enrolment Long Term Care

THIS ARTICLE WAS ORIGINALLY COMMISSIONED AND PUBLISHED IN THE  February 2017 EDITION OF THE INVESTMENT LIFE & PENSIONS MONEYFACTS PUBLICATION.   Joined-up thinking   The recent call from Aon for Long Term Care to be handled by the same government department that manages pensions, in order to ensure joined up thinking across both policy areas, is an excellent idea. Given that long term care is overwhelmingly an issue of old age and that pension savings are to provide for one’s needs post-retirement, the effect of initiatives in one area should always be considered by those who are implementing policy within the other.
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Actuarial Post: Could Britain care less about getting old?

June 09, 2016 Tom Murray

Long Term Care retirement

Could Britain care less about getting old?  This article was originally commissioned for the June 2016 edition of the Actuarial Post.
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Long-term care: Care-less attitude doesn’t bode well…

July 23, 2015 Tom Murray

Pensions UK Pensions freedom Life and Pensions Government

Care-less attitude doesn’t bode well… Hot on the heels of the Chancellors pension freedoms comes the news that the changes to the long-term care system that were designed to make long term care more affordable are being delayed until the next government. 2020 is now the stated date for the introduction of the reforms based on the Dilnot report, although they were due to go live in April 2016.
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Actuarial Post: Whose data is it anyway?

February 24, 2015 Tom Murray

protection data security Pensions UK big data

This article was originally commissioned for the Nov/Dec 2014 edition of the Actuarial Post.
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What lies ahead – The UK life and pensions landscape in 2020

January 12, 2015 Norman Carroll

estate planning multi-platform service Pensions UK Retail Distribution Review

While I don’t claim to have 20/20 vision, I do have a view of what the UK’s life and pensions landscape will be like in 2020, and it is one that will be hugely different from the one we see today.
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When TLC isn’t enough, LTC comes into it’s own

October 28, 2014 Tom Murray

protection x factor Pensions UK LTC

Over the last decade, the autumn television season has been dominated by a battle between ITV’s The X-Factor and the BBC’s Strictly Come Dancing. While initially the X-Factor led the way and regularly thumped Strictly in the ratings, the gap has been narrowing and for the last couple of years it is Strictly that is the dominant offering on the television. One of the factors involved in this turn-around is the audience the two shows are pitched at, with the X-factor being aimed at a younger audience than Strictly. The improvement in Strictly’s ratings mirrors the ageing of the UK, as the rate of increase in the older segment continues unabated.
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The End of Retirement (Part Two)

May 29, 2014 Tom Murray

Illustrate Plus Pensions UK un-retirement life and pension products

This article was originally commissioned and published in for the March 2014 edition of the Investment Life & Pensions Moneyfacts publication.
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