Silver Separators Tuesday 18 th November 2014 An ILC-UK Population Patterns Seminar Series event #populationpatterns
18Nov14 - Silver Separators Presentation
Jun 30, 2015
This was the final event in the Population Patterns Seminar Series which explored the “silver separators”- divorce later in life.
Figures from the Office for National Statistics published in 2012 showed a huge rise in the divorce rate amongst those in their 60s, with an increase of 58% on the 2011 figure. The last 10 years have seen more and more older people part ways, despite divorce amongst the general population becoming less common. This has happened to such an extent that the over 60’s are now the fastest growing divorce group in the UK.
A variety of reasons have been suggested, including a reduction in the stigma surrounding divorce and couples no longer feeling obliged to stay together if their attitudes and needs change.
However, figures released by the ONS in June 2012 revealed that marriages involving older people were also rising faster than for other age groups – up by 21% for women and by 25% for men in their late sixties. Re-partnership is likely to be even higher than these figures suggest, as older people in a new relationship may not choose to remarry.
During the event the discussion explored a number of themes, including:
What factors have contributed to the rising rate of divorce amongst the over 60s?
How can older people’s relationships be better supported?
What challenges does ageing present to relationships?
How do care responsibilities effect relationships?
What are the potential ramifications of older couples separating?
Figures from the Office for National Statistics published in 2012 showed a huge rise in the divorce rate amongst those in their 60s, with an increase of 58% on the 2011 figure. The last 10 years have seen more and more older people part ways, despite divorce amongst the general population becoming less common. This has happened to such an extent that the over 60’s are now the fastest growing divorce group in the UK.
A variety of reasons have been suggested, including a reduction in the stigma surrounding divorce and couples no longer feeling obliged to stay together if their attitudes and needs change.
However, figures released by the ONS in June 2012 revealed that marriages involving older people were also rising faster than for other age groups – up by 21% for women and by 25% for men in their late sixties. Re-partnership is likely to be even higher than these figures suggest, as older people in a new relationship may not choose to remarry.
During the event the discussion explored a number of themes, including:
What factors have contributed to the rising rate of divorce amongst the over 60s?
How can older people’s relationships be better supported?
What challenges does ageing present to relationships?
How do care responsibilities effect relationships?
What are the potential ramifications of older couples separating?
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Transcript
Silver Separators
Tuesday 18th November 2014
An ILC-UK Population Patterns Seminar Series event
#populationpatterns
Welcome
Baroness Sally GreengrossChief Executive
ILC-UK
An ILC-UK Population Patterns Seminar Series event
#populationpatterns
Richard WilletsDirector of Longevity
Partnership
An ILC-UK Population Patterns Seminar Series event
#populationpatterns
Trends in divorce and marriage at older ages
Richard Willets
• ILC-UK Population Patterns Series 18-11-2014
How divorce and marriage affects an annuity provider
April 14, 2023
5
Individual annuitiesIndividual annuities
Annuities in payment can be split/transferred
under a Pension Sharing Order
Not common. So far Partnership have
processed just three such cases in 2014
Defined benefit bulk buyoutsDefined benefit bulk buyouts
Pensions in final salary schemes are usually paid to the surviving spouse/partner
on death of the scheme member
Best practice is to price using a multi-state model
Alive (& single)
Alive (& married)
Deceased
Divorce rates for the over 60’s are increasing…
April 14, 2023
6
• Source: ONS (2014)
Divorce rate per 1,000 married population, ages 60+, England & Wales, 1990-2012, by genderDivorce rate per 1,000 married population, ages 60+, England & Wales, 1990-2012, by gender
199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120120.0
0.5
1.0
1.5
2.0
2.5
Male
Female
Increase in divorce numbers (from 2002 to 2012)…
April 14, 2023
7
• Own calculations using data from ONS (2014)
Number of divorces in 2012 (vs 2002), ages 60+, England & Wales, by genderNumber of divorces in 2012 (vs 2002), ages 60+, England & Wales, by gender
Male Female0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000 Increase due to rise in divorce rate
Increase due to rising number of people aged 60+Number of divorces in 2002
Increase in divorce numbers (from 2002 to 2012)…
April 14, 2023
8
• Own calculations using data from ONS (2014)
Number of divorces in 2012 (vs 2002), ages 60+, England & Wales, by genderNumber of divorces in 2012 (vs 2002), ages 60+, England & Wales, by gender
Male Female0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000 Increase due to rise in divorce rate
Increase due to rising number of people aged 60+Number of divorces in 2002
40%
54%
How the divorce rate varies by age…
April 14, 2023
9
• Own calculations using data from ONS (2014)
Divorce rate per 1,000 married population in 2012, England & Wales, by age and genderDivorce rate per 1,000 married population in 2012, England & Wales, by age and gender
20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60 and over
0
5
10
15
20
25
Male
Female
Increase in marriages (from 2002 to 2012)…
April 14, 2023
10
• Own calculations using data from ONS (2014)
Number of marriages in 2012 (vs 2002), ages 60+, England & Wales, by genderNumber of marriages in 2012 (vs 2002), ages 60+, England & Wales, by gender
Male Female0
2,000
4,000
6,000
8,000
10,000
12,000 Increase due to rise in mar-riage rate
Increase due to rising number of people aged 60+
Number of marriages in 2002
57%
43%
Marriages with either husband or wife aged 65+
April 14, 2023
11
• Own calculations using data from ONS (2014)
Number of marriages in 2011, with husband or wife aged 65+, England & WalesNumber of marriages in 2011, with husband or wife aged 65+, England & Wales
36%
53%
11%
Both aged 65+
Husband 65+
Wife 65+
23% of men who marry at age 65 or above have
a wife aged under 55
3.5% of women who marry at age 65 or
above have a husband aged under 55
Thank you
April 14, 2023
12
All information contained in this document is confidential and should be treated as confidential. No disclosure, use, copying or circulation of this document should occur without the permission of Partnership. Partnership retains all intellectual property interests association with this document. The content of this document is intended to provide general information. Examples and other materials contained within this document are for illustrative purposes and should not be relied upon. Partnership takes no responsibility for any errors or omissions in this document. This document shall not form the basis of, or be relied upon, in connection with any offer or act as an inducement to enter into any contract. No representation or warranty is given, express or implied, as to the accuracy of the information contained in this document.
Partnership is a trading style of the Partnership group of Companies, which includes; Partnership Life Assurance Company Limited (registered in England and Wales No. 05465261), and Partnership Home Loans Limited (registered in England and Wales No. 05108846).
Partnership Life Assurance Company Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Partnership Home Loans Limited is authorised and regulated by the Financial Conduct Authority. The registered office for both companies is 110 Bishopsgate, London, EC2N 6AY.
Rt Hon Paul Burstow MPMember of Parliament for Sutton and Cheam
An ILC-UK Population Patterns Seminar Series event
#populationpatterns
Ben FranklinSenior Research Fellow
ILC-UK
An ILC-UK Population Patterns Seminar Series event
#populationpatterns
The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
The rise and rise of the silver separator
Ben Franklin, Senior Research Fellow, International Longevity Centre
@ilcuk @bjafranklin
The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
What am I going to cover?
What is the trend?
What is driving the trend?
What are some of the implications?
The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
Rising numbers amongst the over 60s
The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
But it’s not just about population change…
The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
What if current trends continue?
The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
Marrying later means greater risk of divorce at older ages
The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
….marrying later means greater risk of divorce at older ages
Source: ONS
The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
Rising financial independence amongst women
The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
Rising life expectancy means fewer marriages end in death of a partner…
The International Longevity Centre-UK is an independent, non-partisan think-tank dedicated to addressing issues of longevity, ageing and population change.
What are some of the implications
Financial difficulties
Lack of informal care and support
Older men more likely to rely on institutional care than older women who are more likely to rely on children
Possible negative effect on mental health in short term
Possible negative effect on physical health in long term.
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
Senior Research Fellow
International Longevity Centre - UK
02073400440
Twitter: @ilcuk
Chris SherwoodDirector or Policy and External Affairs
Relate
An ILC-UK Population Patterns Seminar Series event
#populationpatterns
Who will love me when I’m 64?
Relationships in later life
Chris Sherwood, Director of External Affairs@ChrisSherwood80
What do we mean by relationships?
Couple
Family
Social
Loving relationship between two peopleIncludes: spouse, partner, civil partnership, cohabiting couples
Relationships between those that are ‘related’ and/or considered to be in a familyIncludes: parents, children, siblings, family-in-law, stepfamily
Wider social relationshipsIncludes: friends, colleagues, organisational relationships
The quality of relationships is key
Relationships are good for usEmotionalHappiness: There is a correlation between happiness and relationships
Loneliness:
The absence of intimacy fosters loneliness
Stress: Those with strong relationships are less likely to suffer from stress
HealthPhysical health: There is a link between strong relationships and good health
Mental health: Those who active in their communities are in better mental health than those who are more isolated
PracticalCare: Relationships are a source of care in old age
Finance:
Those who are married are less likely to be in poverty in older age than single people
Relationships are part of the solution for dealing with our ageing population. Good quality, strong relationships allow people and communities to operate better and can help save the state money.
People’s relationships face many pressures in later life
RelationshipsPhysical Health
Mental Health
Retirement
Self Identity
Finances
Loneliness and
Isolation
Care
Mental HealthSex and intimac
y
People’s relationships face many pressures in later life
Relationships
Mental Health
Retirement
Self Identity
Finances
Loneliness and
Isolation
Care
Mental HealthSex and intimac
y
Physical Health•Deteriorates as people age
•Immobility can cause isolation and frustration if cant leave home
•Reliance on others increases (GPs, family, friends, etc.)
People’s relationships face many pressures in later life
RelationshipsPhysical Health
Mental Health
Retirement
Self Identity
Finances
Loneliness and
Isolation
Mental HealthSex and intimac
y
Care•Baby boomers care for their
grandchildren and elderly parents
•Financial and emotional pressure
•Older people require care in their later life too
Trends show the composition of relationships in later life is changing
Household composition changes significantly with age
Numbers of close relationships vary little with age among 50+
Baby boomers are much more likely to have step-families
Baby boomers have been at the vanguard of social change
• Baby boomers are distinguished by changes in attitudes, behaviours and expectations including
• Family formation, unions and relationships• Gender roles and equality• New challenges moving into older age also:
• Experiencing many of the challenges faced by younger people – e.g. Debt• But they show same reticence around help seeking behaviour of older people also
'Born absolutely in the centre of the Baby Boom….I remember above all the great sense of change running with great, and persistent, temporal certainty…. Teenagers had been invented; youth culture was heading for triumph; we….inhabited the glorious window between the Pill and the emergence of Aids'. (Michael Bywater, 'Baby Boomers and the illusion of perpetual youth', New Statesman, 30 October 2006)
Existing responses to relationships overlook baby boomers
50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90+0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
Proportion frequently lonely by age group
Policy needs to better reflect these changes
0%
10%
20%
30%
40%
50%
60%
70%
The most important things for people as they get
older
Source: IpsosMORI Relationships
There are three pillars to a good later life:
1. Health
2. Financial security
3. Relationships
Government is focused on health and finances; relationships remain largely ignored
Relate’s report makes the case that relationships should be a central component of central and local government policy
www.relate.org.uk
0300 100 1234@Relate_charity
Barbara BloomfieldCo-author of the Mature Times book ‘The Mature
Times Guide to Love and Relationships in Later Life’
An ILC-UK Population Patterns Seminar Series event
#populationpatterns
Discussion and Q&A
An ILC-UK Population Patterns Seminar Series event
#populationpatterns
Silver Separators
Tuesday 18th November 2014
An ILC-UK Population Patterns Seminar Series event
#populationpatterns
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