Standard Life plc · LSE:SDLF
Standard Life — Phoenix Group — Investor Presentation (2022)
15 slides from Standard Life's investor presentation, 2022
Slide 1: Never too late to learn
Never too late to learn Attitudes, behaviours and overcoming barriers to lifelong learning for midlife and older people Patrick Thomson, Head of Research Analysis and Policy, Phoenix Insights
Slide 2: Lifelong learning matters for individuals
Lifelong learning Opportunities to upskill, progress and move jobs matter for matters for future financial wellbeing individuals Previous Phoenix Insights research shows that: “…for mature people, training is perfect because you’re relearning. You’re • 18 million adults in UK are not adequately prep
Slide 3: Lifelong learning matters for the economy
Lifelong learning People are living 30.5 million UK Spending on adult matters for the longer – life expectancy at birth in 2011 double workers (94% of today‘s workforce) lack the full education in the UK is lower than many economy that in 1841.¹ suite of skills they will OECD countries.3 require in
Slide 4: Findings drawn from original research
Findings drawn from original research We commissioned Public First to conduct original research exploring attitudes, behaviours and overcoming barriers to lifelong learning. Individuals Businesses • Nationally representative poll of • Nationally representative poll of 2,012 UK adults 502 senior deci
Slide 5: Findings
> Findings 3 Phoenix Insights
Slide 6: Barriers to lifelong learning - individuals
Barriers to lifelong “I had opportunities to go to uni but “…if you are stuck in with a load of learning - individuals then I was thinking I don’t want to go away for five years and do this. If youngsters that are learning things, lightening fast, and you’re really the they had a shorter version wit
Slide 7: People like lifelong learning – not lifelong loans
People like lifelong learning – not lifelong loans Our focus groups found that affordability was a key influence for both individuals and businesses 1. Public First polling for Phoenix Insights, 2022, two nationally representative polls of 2,012 UK adults and 502 senior decision makers of english co
Slide 8: Barriers to lifelong learning - employers
Barriers to lifelong learning - employers 43% 69% Of companies think we should put Of businesses polled hadn‘t offered more emphasis on retraining their employees any formal training • Funding (particularly SMEs) employees in the middle of their career. over the last 12 months • Time pressures / pri
Slide 9: Attitudes and behaviours towards lifelong education
Attitudes and Despite positive attitudes towards lifelong learning in behaviours towards general, many people in mid-career didn‘t think was for them lifelong education • People in manual jobs are less likely to have considered 62% 41% retraining than those in Of working people say they are more Of
Slide 10: Overcoming barriers to lifelong learning
Overcoming Recommendations to help individuals and businesses barriers to overcome barriers to lifelong learning: lifelong learning Policy positioning: 1. Centering training as a vital tool for business to grow and succeed. 2. Government to explore creative ways to highlight financial incentives for
Slide 11: Overcoming barriers to lifelong learning
Overcoming Recommendations to help individuals and businesses barriers to overcome barriers to lifelong learning: lifelong learning Framing and communicating to individuals: 4. Review the language used when discussing learning opportunities for adults of different ages. 5. A renaming and branding of
Slide 12: Overcoming barriers to lifelong learning
Overcoming Recommendations to help individuals and businesses barriers to overcome barriers to lifelong learning: lifelong education Strengthening the role of employers: 7. Provide clear guidance on the role of employers. 8. Create accessible and practical information and guidance for employers on w
Slide 13: Overcoming barriers to lifelong learning
Overcoming Recommendations to help individuals and businesses barriers to overcome barriers to lifelong learning: lifelong education Design and delivery: 10. Developing a flexible delivery model which works around caring responsibilities and other needs. 11. Access to free independent adult careers
Slide 14: Quote from a construction manager on training
“So, I think it’s absolutely vital that people get trained in some sort of skill, creative things, which machines cant do yet probably a good idea… people don’t realise how fast the world will change in the next 20 to 30 years” Construction Manager, 63 Never too late to learn 14
Slide 15: Patrick Thomson
Patrick Thomson Head of Research Analysis and Policy Office | +442045594424 Mobile | +442045594424 Email | Patrick.thomson@thephoenixgroup.com Web | thephoenixgroup.com/views-insights/phoenix-insights