HSBC in global drive to understand ageing

HSBC has announced a strategic alliance with the Oxford Institute of Ageing (OIA), the renowned international policy and research institute.

;

Located at Oxford University, the OIA is led by director Dr. Sarah Harper and is the first international institute dedicated solely to understanding the implications of global population ageing.

;

As part of the five year agreement, HSBC and the OIA will work together to produce the world’s largest global ageing study, initially interviewing some 24,000 people in 20 countries.

;

Steve Troop, HSBC group head of Retirement Businesses and Oxford Institute of Ageing director Dr Sarah HarperIn the longer term, their aim is to build a leading research database on global ageing which will provide key information to public policy makers and corporates. As part of this process the OIA will receive significant funding to commission, among other things, three new HSBC Research Fellows whose primary responsibility will be to work in conjunction with the bank on this issue.

;

Stephen Green, Chief Executive, HSBC Holdings plc, said: “Our partnership with the Oxford Institute of Ageing builds on the valuable work on understanding global demographic trends we began this year in the ‘Future of Retirement’ study.

;

“As peoples’ aspirations for later life change, I believe that HSBC and Oxford University will be ideally positioned to understand and influence personal and societal views on ageing and retirement.”

;

Global ageing is an increasingly acute phenomenon. Demographic figures now suggest that not only are Organisation for Economic Cooperation and Development countries ageing rapidly, but that Asia and Latin America will have more people over 60 than under 15 within 30 to 40 years.

;

There are currently 580 million people across the world aged 60 or over, a figure expected to almost double by 2030.

;

The rapid ageing of Asia in particular, as its birth rate plummets to levels previously seen only in Europe, will have profound implications for the global economy. ; ; ; ; ; ; ;

;

In 2005, HSBC published the ‘Future of Retirement’ report, a global study into the changing attitudes and behaviours to ageing and longevity. The study revealed that people the world over reject the notion of a mandatory retirement age and that the traditional model of retirement is now being replaced by the desire to live a blended lifestyle – incorporating periods of work, leisure and study.

;

For further information please go to: www.hsbc.com/futureofretirement.

;

Dr. John Hood, Vice-Chancellor of the University of Oxford, said: “This strategic alliance with HSBC will allow us to expand our cutting edge research base on global ageing, which will provide valuable information for policy and corporate decision makers. The merging of business and academic view points on global ageing provides a tremendous opportunity to understand how demographic changes will affect ordinary people throughout the world.” ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ;

;

The Oxford Institute of Ageing, founded in 2001, is a multidisciplinary Institute within the Social Sciences Division at the University of Oxford, which addresses the globalisation of ageing at the global, societal and individual level. It carries out research into population ageing, analysing the economic, social, political and demographic implications at both the national and international level. It also works with those in the corporate, policy, media and governance sectors advising in the implications of population ageing.

;

All of the above text is a press release provided by the quoted organization. globalagingtimes.com accepts no responsibility for their accuracy.