The longevity dividend: How to make the most of our ageing society It is well known that the UK is ageing. In 1976, only 14 per cent of the population was aged over 65, today it is 18 per cent, and in 2036 it is estimated to be 25 per cent. Over the same period, the median age is expected to rise from 34 to 43. The [...]
Why rising longevity threatens to kill off the traditional City of London pay pyramid Many professional service and financial firms operate a pay pyramid – those at the top earn large multiples of those lower down the organisation. Average partner salaries in the Big Four accounting firms, for instance, are around £750,000 but around £40,000 for those starting out. Similar structures are found in law and finance. While undoubtedly [...]