Tag: Phoenix Group

Phoenix Group’s think tank Phoenix Insights rebrands as the Standard Life Centre for the Future of Retirement

Stuart Mitchell

Phoenix Group’s think tank, Phoenix Insights, has rebranded under Standard Life as part of the think tank’s bold ambition to help everyone achieve long-term financial security. Since its inception in 2021, Phoenix Insights has driven action in response to some of the biggest challenges of people living longer – from influencing policy makers’ thinking on pensions adequacy and economic inactivity, to driving national media conversations and building new partnerships to promote the importance of good work and the untapped potential of workers in their 50s and 60s. With more than…

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Phoenix Group report calls on Office for Investment and National Wealth Fund to drive net zero transition

Stuart Mitchell

Phoenix Group, one of the UK’s largest long-term savings and retirement businesses, today launches its policy white paper, Unlocking Investment to Support the Net Zero Transition, calling for barriers to investments to be overcome by outlining a set of practical and fiscally neutral policy reform recommendations in four key areas. Institutional investors currently face a range of barriers that limit their ability to deploy capital at scale. These include regulatory constraints, competition with bank financing, an insufficient pipeline of projects, a lack of investment-grade assets, and market uncertainty driven by…

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Phoenix Group calls for better promotion of green jobs to improve recruitment among over 50s workers

Stuart Mitchell

A new report has found workers aged 40-65-years-old viewed ‘green jobs’ as riskier than ‘traditional’ jobs in terms of pay, security and skill requirements, which prevents them from considering them as a career option.   The UK’s current green skills gap is estimated at 200,000 workers and cannot be bridged by new labour market entrants and early career workers alone. As such, encouraging mid- to late-career workers to switch careers is essential for meeting near-term climate goals. In order to meet the UK’s net zero targets, encouraging workers with relevant…

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The “Flexible After Fifty” report calls for greater flexible working support for people over age 50 to be more active in the workforce

Stuart Mitchell

The Flexible After Fifty report reveals nearly 75% of over-50s want to have flexibility in their work to achieve a better work-life balance, with many also having care responsibilities UK Government Business Champion for Older Workers, Andy Briggs, and leading employer organisations, say flexible working is key to keeping people aged over 50 in fulfilling work, which will in turn help the economy, businesses and individuals The report sets out recommendations for government and businesses to support greater flexible working for over-50s and help more people to stay in meaningful…

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Pre-retirement money woes set to worsen the gender pensions gap

Stuart Mitchell

Worries around pre-retirement living costs will likely worsen the gender pensions gap, as a greater number of women than men expect to access their retirement pot earlier than planned to support their income*. Research by Phoenix Insights, Phoenix Group’s longevity think tank, surveyed 2,500 adults over 45 who are not yet retired** and found 4 in 10 (40%) women expect to dip into their retirement savings earlier than planned, compared to 3 in 10 (32%) of men. This was despite 44% of women over 45 acknowledging they currently have insufficient…

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