Report calls for Minister for Retirement

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Calls are being made for the Government to create a Minister for Retirement after a report found that the retired population contributes £25bn a year to the state and society through unpaid childcare, charity and voluntary work.

The Our Retirement Nation report, commissioned by MGM Advantage, found that a third of retired people feel society treats them badly and only 14 per cent of older people feel valued by society.

The document called for a greater recognition of the contribution of older people and said the Government should create the ministerial position to reflect their needs.

The report highlighted how retired people are collectively saving society £15.4bn a year by taking on the unpaid care of grandchildren, parents and other family members.