Liberal Democrats have voted in favour of a minister for ageing as part of a Ageing Society Policy Paper at their conference in Glasgow today.
The policy paper sets out a series of proposals for older people, including a cabinet committee on ageing and wellbeing, and a statutory independent older person’s commissioner.
The Lib Dems also want an annual Office for Budget Responsibility (OBR) report into intergenerational equity and a Treasury review into what an ageing population means for financial markets.
This will include the case for longevity bonds. These could ensure an efficient capital market for longevity risk transfers.
They are continuing to back earlier proposals to scrap the winter fuel allowance and free TV licenses for higher rate taxpayers.
Britain has an ageing population and we expect politicians of all persuasions to start addressing this influential demographic ahead of the general election next year.
What promises would you like to see from political parties which would benefit the retired (or soon to be retired) population?
