Corporate Adviser
  • Content Hubs
  • Magazine
  • Alerts
  • Events
  • Video
    • Master Trust Conference 2024 videos
  • Research & Guides
  • About
  • Contact
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG
No Result
View All Result
Corporate Adviser
No Result
View All Result

A fifth of older workers don’t feel valued: Canada Life

by Muna Abdi
February 27, 2023
Share on FacebookShare on TwitterShare on LinkedInShare on Pinterest

One-fifth or 18 per cent of older workers don’t feel valued, according to Canada Life.

According to Canada Life research, 28 per cent of workers aged 55 and older think they have fewer opportunities to advance in their careers.

Only 25 per cent of firms, or one in four, have implemented policies explicitly designed to accommodate older workers as of yet. About 77 per cent of older workers—who were asked what was crucial to their assistance in the workplace—said proper workplace perks.

Canada Life protection sales director Dan Crook says: “The cost-of-living crisis is putting significant pressures on household finances. Not only is it forcing the older generation to continue working for longer, but in some instances is causing people to do a U-turn on their retirement plans and re-enter the workforce. 

“The workplace should be an inclusive environment for people of all ages, and employers need to recognise the different measures and practices required for different employee demands. However, our research highlights that there is still a large number of employers who are yet to introduce policies aimed at supporting the older workforce.

“Looking ahead, employee attraction and retention will be vital. Benefits such as group life, group income protection, group critical illness cover, and support services, are called out as examples by employees to help recruitment and retention of a diverse workforce, where everyone feels valued.”

VIDEO FROM ROYAL LONDON


Find out more about how to support the switching of a workplace pension

Corporate Adviser Special Report

REQUEST YOUR COPY

Most Popular

  • Aon appoints head of UK retirement

  • Govt Spending Review: industry reaction

  • TPT launches managed retirement income for life offering

  • TPR urges trustees and advisers to “raise their game”

  • Half of UK companies see employee benefit costs as primary financial challenge

  • Standard Life launches financial coaching platform for families

Corporate Adviser

© 2017-2024 Definite Article Media Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Privacy policy
  • T&Cs
  • Contact

Follow Us

X
No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.