Break the inheritance taboo
New research from Canada Life finds that the majority of UK adults (56%) who received an inheritance sum over the past five years did not discuss its value with the benefactor beforehand.
Join us as we explore how the longevity megatrend is shaping lives – bringing both challenges and opportunities.
The second report in our Life100+ programme explores the impact of longevity on the structure of working life. The implications are clear: the traditional structure of life and work is shifting, requiring us to adapt beyond the accepted model of learn, work and retire, towards something more agile.
We are all, on average, living longer. By 2030, more than half of the UK workforce will be aged 50 or older, contributing an estimated £730 billion to the economy.1 Our research reveals that almost four-fifths of UK adults believe people will need to work longer to support themselves in later life, and four in 10 agree it will be likely that they would need to rethink their retirement plans by retraining or pursuing multiple careers, should living longer become the norm.
At Canada Life, we see first-hand how work shapes people’s lives – financially, socially, and emotionally. The insights uncovered in our latest CPD-accredited report show how advisers can help clients thrive financially, emotionally, and professionally across longer, more complex working lives.
Explore our CPD accredited report
1 Generation Experience, The UK's Economic Superpower", Saga, 2023
Our research reveals that multigenerational workplaces will need to be built on four key pillars. Combined, these pillars point to a new work-life pathway which has fundamental consequences for how we plan for later life, better ensuring that we’ll be equipped from a health, wealth and skills perspective.
With the potential for people to stay in work longer and have more complex financial needs across their lives, the role of advice will become more important than ever before.
We are pleased to announce our Age-Aware Accredited Employer status from 55/Redefined. Canada Life aspires to become a truly age inclusive employer, and we’re developing our own plans to attract and retain older workers as part of our journey to be a longevity-ready employer fit for the future.
If you missed our first Life100+ report, exploring longevity to build financially secure futures. You can still access the report below.
Learn more about the key roles intergenerational relationships and financial advice will play as we plan for a longer later life.
New research from Canada Life finds that the majority of UK adults (56%) who received an inheritance sum over the past five years did not discuss its value with the benefactor beforehand.
Almost one in five (19%) 18–34-year-olds have used, or plan to use, inheritance they’re expecting to buy a property.
We’re proud to present our first Life100+ report, Exploring longevity to build financially secure futures.