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I can’t afford to die: Managing the cost of dying in an ageing society
Tuesday 21st January 2014
This event is kindly supported by the Institute for Policy Research and Centre for Death and Society at the University of Bath.
#costofdying
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Welcome
Baroness Sally Greengross
Chief ExecutiveILC-UK
This event is kindly supported by the Institute for Policy Research and Centre for Death and Society at the University of Bath.
#costofdying
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Dr Kate WoodthorpeLecturer in Sociology, Department of Social and
Policy SciencesUniversity of Bath
The Cost of Dying in an Ageing Society
This event is kindly supported by the Institute for Policy Research and Centre for Death and Society at the University of Bath.
#costofdying
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Institute for Policy Research
The Cost of Dying in an Ageing Society
Dr Kate Woodthorpe
Lecturer in Sociology, Department of Social and Policy Sciences
21st January 2014
International Longevity Centre, London.
01225 386852
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Institute for Policy Research
Brief outline
• Building up a body of evidence
• Our own research
• Key findings
• Focus for today: issues and outcomes
• Questions for discussion
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Institute for Policy Research
Building up a body of evidence
• Knowledge gap: experiential learning
• Sun Life Direct Cost of Dying work
• Corden et al (University of York): financial implications of the death of a partner
• Death and social policy• Policy areas, inheritance, debt, financial literacy, guidance and support
• Death and the family
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Institute for Policy Research
Recent developments
• NCPC, Dying Matters and National Bereavement Alliance report• ‘Life after death: six steps to improve support in bereavement’
• Calling for national review of impact of financial, administrative and economic changes on those who have been bereaved
• Available here: http://dyingmatters.org/sites/default/files/Life%20After%20Death%20FINAL(1).pdf
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Institute for Policy Research
Our own research
• 2012: qualitative study into DWP Social Fund Funeral Payment, with international comparison
• 2013: qualitative study into preparing for older age
• Independent academic research funded by Sun Life Direct
• Led to a Parliamentary Roundtable November 2012
• Funeral poverty manifesto
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Institute for Policy Research
State support
• Department for Work and Pensions Social Fund Funeral Payment
• Timing• Debt• Family Assessment
• Public Health Funerals
• Unable or unwilling• Choice• Rhetoric change?
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Institute for Policy Research
Preparing for older age
• Variation in attitudes: pragmatists, hopefuls and fatalists
• Obligation and responsibility
• Sharing of resources
• Trust in advice and guidance, and each other
• Blended and fluid families
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Institute for Policy Research
Focus for today: the issues
• Understanding costs
• Financial
• Social
• Relational
• Individual
• ILC areas
• Older consumers
• Economics of age
• Work and retirement
• Intergenerational
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Institute for Policy Research
Focus for today: the outcomes
• 3 levels: macro, intermediate and micro
• Macro: policy and national guidance, commercial sector
• Intermediate: localised guidance and support, local businesses
• Micro: family and individuals
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Institute for Policy Research
Questions for discussion
• What are the costs associated with dying, the end of life and bereavement?
• What is the reality of funeral poverty and how can this be addressed?
• Can the cost of dying, end of life and bereavement be reduced?
• What is the role/responsibility of the public, private and third sectors?
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Institute for Policy Research
Publication details
• Sun Life Direct (2013) Cost of Dying Report (Bristol: Sun Life Direct)
• Sun Life Direct (2012) Affording a funeral: Social Fund Funeral Payments (Bristol: Sun Life Direct)
• Both available here: http://www.sunlifedirect.co.uk/About-Sun-Life-Direct/Press-Office/Research/
• Woodthorpe, K., Rumble, H. and Valentine, C. (2013) ‘Putting ‘the grave’ into social policy: state support for funerals in contemporary UK society’, Journal of Social Policy, 42 (3): 605 – 622.
• Foster, L. and Woodthorpe, K. (2013) ‘What cost the price of a good send off? The challenges for British state funeral policy’, Journal of Poverty and Social Justice, 21 (1): 77 – 89.
• Valentine, C. and Woodthorpe, K. (forthcoming) ‘From the cradle to the grave: funeral welfare from an international perspective’, Social Policy and Administration.
www.bath.ac.uk/ipr
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Institute for Policy Research
Centre for Death and Society (CDAS)
• The UK’s only centre devoted to the study and research of social aspects of death, dying and bereavement
• Recent research: Engaging young people with death; Bereavement through family members’ substance misuse; Digital Inheritance; Future Cemeteries
Contact details:
www.bath.ac.uk/cdas
01225 386949
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Ben FranklinResearch Fellow
ILC-UK
The cost of dying: long-term Projections
This event is kindly supported by the Institute for Policy Research and Centre for Death and Society at the University of Bath.
#costofdying
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The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
Ben Franklin, International Longevity Centre – UK
@ilcuk
The cost of dying: long-term projections
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The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
1961
1963
1965
1967
1969
1971
1973
1975
1977
1979
1981
1983
1985
1987
1989
1991
1993
1995
1997
1999
2001
2003
2005
2007
2009
2011
2013
2015
2017
2019
2021
2023
2025
2027
2029
2031
2033
2035
2037
400,000
450,000
500,000
550,000
600,000
650,000
Historic deaths
Projected deaths
Number of deaths across England and Wales (historic and projected)
Source: ONS and own calculations
Num
ber
of d
eath
s
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The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
-5%
0%
5%
10%
15%
20%
Percentage change in the number of deaths in England and Wales relative to 2013
Source: ONS and own calculations
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The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2,000,000,000
3,000,000,000
4,000,000,000
5,000,000,000
6,000,000,000
7,000,000,000
8,000,000,000
9,000,000,000
10,000,000,000
11,000,000,000
Actual cost
Projections assuming costs rise in line with 2013-18 expectations (3.9%)
Projections assuming costs rise by 2.8% (trend since 2008)
Projections assuming costs rise in line with in-flation (2%)
Due to rising costs and an increase in number of deaths, total cost of dying in England and Wales could triple by 2037
Source: ONS, SunLife Direct Cost of Dying Report and own calculations
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The International Longevity Centre-UK is an independent, non-partisan think-tank
dedicated to addressing issues of longevity, ageing and population change.
Many thanks
Ben Franklin
Research Fellow
International Longevity Centre
0207 340 0440
Twitter: @ilcuk
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Debbie KerslakeCEO
Cruse Bereavement Care
I can’t afford to die
This event is kindly supported by the Institute for Policy Research and Centre for Death and Society at the University of Bath.
#costofdying
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I can’t afford to die
Debbie KerslakeCruse Bereavement Care
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Somewhere to turn when someone dies Cruse:
• Offers support, advice and information to children, young people and adults
• Enhances society’s care of bereaved people
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Somewhere to turn when someone dies
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Rising Funeral Poverty
Pre-bereavement costs
The Social Fund
Changes to
BereavementBenefits
Death CertificationReforms
The Bedroom Tax
Current Issues
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Key Points
The economic costs of bereavement:
• Are increasing • Will affect many more people as the death rate rises• Have a long-term impact well beyond paying for the funeral• Impact on mental and physical health
Urgent action is needed
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Dean LambleManaging Director
Sun Life Direct
Funeral Planning
This event is kindly supported by the Institute for Policy Research and Centre for Death and Society at the University of Bath.
#costofdying
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Funeral Planning
ILCJanuary 21st
London
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Issues
09/04/202330
27% savings
25% borrowed from friend/relative
22% put it on a credit card
13% took out a loan
10% sold belongings
How are customer trying to solve it?
Funeral poverty is a real key concern and the quicker people start planning, the better the chances to help solve the issue
Research shows us 1 in 5 report a shortfall in paying for a funeral
That shortfall we estimate to be c£1,200
18% of people reported the cost of funerals was causing concern
What is the problem?
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What can the insurance industry do?
09/04/202331
Affordability Discipline Range of solutions Protection against inflation
Plan, plan, plan Budget Save/set aside money Start early
What does a solution need to have?
What do customers need to do?
Pre-paid funeral plans Insurance (Guaranteed
Over 50 plans) Protection insurance Savings
Options available
Working across industry- funeral providers, insurance, government
Educate customers
Promote options
How can the insurance industry help
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Elizabeth ProcterPalliative Care Services Manager
Sue Ryder Manorlands Hospice
I can’t afford to die: Managing the cost of dying in an ageing society
This event is kindly supported by the Institute for Policy Research and Centre for Death and Society at the University of Bath.
#costofdying
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I can’t afford to die: Managing the cost of dying in an ageing society
Tuesday 21st January 2014
This event is kindly supported by the Institute for Policy Research and Centre for Death and Society at the University of Bath.
#costofdying