The Life Trust Foundation, an independent organisation, has launched to raise awareness and understanding of issues associated with increasing longevity.
The foundation, which aims to provide a point of education and research on longevity, will research ways in which other countries plan to cope with their ageing populations.
It will also work with the Institute of Ageing at Oxford University to analyse existing information on longevity, set up a consumer panel of people aged 60 to 85 years-old to gain insights into the behaviour and attitudes of retirees and hold an autumn seminar.
Lord Hunt of Wirral, chairman of the Life Trust Foundation, says: “Many people simply do not realise the scale of the financial impacts associated with increasing longevity, and it is precisely this sentiment that lies behind the foundation’s formation.
“We are today pledging to take a leading role in providing people and institutions with the knowledge they require to face up to the fact we are all living longer. This is not an issue which is going to go away, and we want to play our part in diffusing the ticking time bomb of longevity.”
The foundation's board directors include Fay Goddard, deputy director general of the Association of Independent Financial Advisers (AIFA), Anna Bradley, former divisional director of the FSA and former chief executive officer of the National Consumer Council, and Laurence Heyworth, non-executive director of Life Trust.
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