Andrew J Scott

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World’s Leading Expert on the Economics of Longevity; Award-Winning Author of Global Best Seller “The 100 Year Life;” Award-Winning Professor of Economics, London Business School; Experienced NED and Policy Advisor; Co-Founder, The Longevity Forum

Biography

Professor Andrew J Scott, the world’s leading authority on the economics of longevity and co-author of the global best-seller “The 100 Year Life: Living and Working in an Age of Longevity” (Bloomsbury, June 2016), says we are living longer and better lives than ever before. A professor of economics at London Business School, Scott shows us how individuals, businesses and society can unlock the benefits and opportunities that flow from this enormously important trend.

Drawing upon a broad and in-depth knowledge of aging and combining economics with the personal, Scott speaks with wit, wisdom and insight about the profound changes underway. Each generation is living around ten years or longer, than past ones. Children born today face a plausible chance of living to 100. That changes everything – not just for us as individuals as we plan to live longer lives, but for businesses who must adapt to an older demographic. This challenge is far more complex and nuanced than marketers and product designers tend to believe. Scott helps organizations recognize the issues and capitalize on the strengths of the emerging older demographic, gaining a crucial competitive advantage in years to come.

Scott brings a unique perspective to the theme of longevity as a global economist, professor, and government advisor by drawing on a range of disciplines. Contending that longevity is one of three significant global socio-economic trends along with artificial intelligence and sustainability, his robust insights reveal how longevity will impact every industry and organization. These range from how aging will change marketing – appealing to older consumers but not in a way that groups them homogenously – to how companies can retrain and upskill older workers rather than losing their institutional knowledge and wisdom to retirement. Scott also discusses the implications for the financial services industry, education and health care, offering concrete recommendations for how players in these areas can capitalize on the new biggest growth market of people over the age of 55. The aging of the world population will force organizations to change their preconceptions about “the elderly” and realize that this demographic is now the future area of customer growth and human resources.

Scott’s work is having a material impact across the world: “The 100 Year Life” has sold half a million copies and was the focus of Japanese Prime Minister Shinzo Abe’s commission “Design a 100 Year Life”. Scott established The Longevity Forum in Singapore – another place facing rapid aging – bringing together the extraordinary potential of scientific research around anti-aging with the behavioural and economic responses needed for longer lifespans. What started as a day of bringing together the brightest minds in this space from all spectrums of industry, has developed into London Longevity Week and a growing global agenda springing from a meeting of world experts sponsored by the Rockefeller Foundation.  Scott’s eagerly awaited new book, “The New Long Life: A Framework for Flourishing in a Changing World” (May 2020), provides clarity on how technological change and longevity together, require us to live our lives differently and what we all need to do to seize the advantage.

Scott is currently fellow of All Souls, Oxford University, and the Centre for Economic Policy Research. Having previously held positions at Harvard University and the London School of Economics, he advises corporations and governments and served as Non-Executive Director for the U.K.’s Financial Services Authority 2009-2013. Scott is on the advisory board of the U.K.’s Office for Budget Responsibility; advisor to the Academy for Health and Lifespan Research; a member of the Cabinet Office Honours Committee (Science and Technology); the U.K. government’s Longevity Council and the WEF Council on Japan; and Chairman of Encore, U.K.

Andrew J Scott is available for paid speaking engagements, including keynote addresses, speeches, panels, conference talks, and advisory/consulting services, through the exclusive representation of Stern Speakers, a division of Stern Strategy Group®.

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Scott, Andrew J

Biography

Professor Andrew J Scott, the world’s leading authority on the economics of longevity and co-author of the global best-seller “The 100 Year Life: Living and Working in an Age of Longevity” (Bloomsbury, June 2016), says we are living longer and better lives than ever before. A professor of economics at London Business School, Scott shows us how individuals, businesses and society can unlock the benefits and opportunities that flow from this enormously important trend.

Drawing upon a broad and in-depth knowledge of aging and combining economics with the personal, Scott speaks with wit, wisdom and insight about the profound changes underway. Each generation is living around ten years or longer, than past ones. Children born today face a plausible chance of living to 100. That changes everything – not just for us as individuals as we plan to live longer lives, but for businesses who must adapt to an older demographic. This challenge is far more complex and nuanced than marketers and product designers tend to believe. Scott helps organizations recognize the issues and capitalize on the strengths of the emerging older demographic, gaining a crucial competitive advantage in years to come.

Scott brings a unique perspective to the theme of longevity as a global economist, professor, and government advisor by drawing on a range of disciplines. Contending that longevity is one of three significant global socio-economic trends along with artificial intelligence and sustainability, his robust insights reveal how longevity will impact every industry and organization. These range from how aging will change marketing – appealing to older consumers but not in a way that groups them homogenously – to how companies can retrain and upskill older workers rather than losing their institutional knowledge and wisdom to retirement. Scott also discusses the implications for the financial services industry, education and health care, offering concrete recommendations for how players in these areas can capitalize on the new biggest growth market of people over the age of 55. The aging of the world population will force organizations to change their preconceptions about “the elderly” and realize that this demographic is now the future area of customer growth and human resources.

Scott’s work is having a material impact across the world: “The 100 Year Life” has sold half a million copies and was the focus of Japanese Prime Minister Shinzo Abe’s commission “Design a 100 Year Life”. Scott established The Longevity Forum in Singapore – another place facing rapid aging – bringing together the extraordinary potential of scientific research around anti-aging with the behavioural and economic responses needed for longer lifespans. What started as a day of bringing together the brightest minds in this space from all spectrums of industry, has developed into London Longevity Week and a growing global agenda springing from a meeting of world experts sponsored by the Rockefeller Foundation.  Scott’s eagerly awaited new book, “The New Long Life: A Framework for Flourishing in a Changing World” (May 2020), provides clarity on how technological change and longevity together, require us to live our lives differently and what we all need to do to seize the advantage.

Scott is currently fellow of All Souls, Oxford University, and the Centre for Economic Policy Research. Having previously held positions at Harvard University and the London School of Economics, he advises corporations and governments and served as Non-Executive Director for the U.K.’s Financial Services Authority 2009-2013. Scott is on the advisory board of the U.K.’s Office for Budget Responsibility; advisor to the Academy for Health and Lifespan Research; a member of the Cabinet Office Honours Committee (Science and Technology); the U.K. government’s Longevity Council and the WEF Council on Japan; and Chairman of Encore, U.K.

Andrew J Scott is available for paid speaking engagements, including keynote addresses, speeches, panels, conference talks, and advisory/consulting services, through the exclusive representation of Stern Speakers, a division of Stern Strategy Group®.

Speech Topics

The New Long Life: A Framework for Flourishing in a Changing World

Based on his forthcoming book, “The New Long Life” (May 2020), Andrew J Scott asks the question: How will technology and longer lives – together and separately – change our world and how we live? Powerful new technologies are rapidly developing and leading to fears that automation will catalyze brutal job losses. Given how we currently structure work and life, these developments bring about problems: assumptions that are no longer valid shape our existing habits and behaviours. In his presentation, Scott provides analyses on what is happening and how it will impact business, the economy and society, offering steps to take now to prepare personally and organizationally for this future. In a world where machines become ever more intelligent, we must realize the opportunities of smart, new technologies and longer lives, to become more human in all we do.

The 100 Year Life: Living and Working in an Age of Longevity

Gains to life expectancy mean each generation is living around ten years longer than its predecessor, meaning that the biggest expanding demographics are the middle-aged and older cohorts. The fact that people are now living longer means that businesses, governments and the wider society must change its attitude toward this population and see it as the future area for growth. Based on Andrew J Scott’s global bestseller, “The 100 Year Life”, this presentation outlines current life expectancy trends and what they mean for people and their careers, health, relationships and education. As populations age, understanding the consumer and workforce trends will be central for seizing a competitive advantage. Adapting to longer lives will require fundamental social change which, in turn, means fundamental changes to key markets, products and services.

Education, Aging and the Machine

Technology and longevity will transform what skills we need; when we learn them; and from whom we learn them. At the same time, technology will lead to growth in new sectors, changing our existing jobs and requiring us to develop new skills. This has fundamental implications for learning, says Andrew J Scott. Rather than being front-loaded in the first stage of a life sequenced as “learn, earn and retire”, learning will need spreading out throughout our (increasingly long) lives. It will require not only a change in what we learn early on but also the at scale growth of adult education and opportunities for retraining and upskilling. In this presentation, Scott elaborates on the challenges of our existing education and workforce training systems and offers practical strategies for how innovators in these industries can design the future. A transformed educational system will see new players and contemporary products emerge as individuals extend their learning over their lifetime. Representing a vital issue of social importance and a vast investment opportunity, it will be crucial to each of us individually as we benefit from the wonders of new technology.

Financing a Longer Future

One of the industries most affected by increased longevity is the financial sector. Longer lives require more savings but also innovative financial products and new patterns of behaviour. With a more elderly population, firms providing the same set of existing products that support a now out-of-date life plan will find themselves struggling to retain customers. In this presentation, Andrew J Scott outlines how the financial sector can transform itself to support 21st-century lives, and in doing so capture the enormous opportunities of the world’s fastest-growing age demographic, the over 55. As longevity changes how we structure our lives, the financial system needs to respond with products and services that address unforeseen risks and offer different ways of shifting assets across time.

The Longevity Dividend

There is an emerging lucrative global market in supporting people toward realizing healthy, fulfilling and productive lives, with the potential to unleash a “longevity dividend” both for the individual and the economy. Based on his research and findings, Andrew J Scott expertly traces out the implications and actions required for us as individuals, investors, companies and nations to seize this longevity dividend. The so-called “silver economy” is estimated to be worth $15 trillion globally by this year, making it the world’s biggest emerging market. However, this market is poorly understood and too often represented by the label “65 and over”. Due to demographic trends, firms will increasingly be reliant on the skills and engagement of older workers, yet few have policies in place to support this. A longevity dividend is there to be seized by both individuals and firms but to realize this, the new thinking and practices as presented by Professor Scott, need to be introduced.

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Recommendations

“Professor Andrew Scott brought incredible insight to our discussions around longevity, productive aging and healthy living here in Singapore. His impactful delivery inspired our employees, customers and partners to reimagine the traditional three-stage life and embrace the possibilities of a 100-year life.”

— Wilf Blackburn, CEO, Prudential Singapore

“We were delighted to have Andrew Scott present at our conference last year as a co-author of a bestselling book on longevity. Andrew delivered an engaging and thought-provoking presentation to our audience!”

—  Maggie Zelinka, Marketing Executive, Citibank

“Andrew’s work on longevity and the profound implications of a 100-year life is one of the most thought-provoking topics for us to consider. His presentation to my senior most global leaders brought great insight to us, stimulating a fantastic debate into the implications for us all personally, professionally and for our own business of recruitment. Thoroughly engaging!”

— Alistair Cox, CEO, Hays

“Fujitsu has really benefited from Professor Andrew Scott’s deep insight into a diverse range of macro-economic topics including Sustainability and the 100-year life.  The purpose of the sessions has been to better equip our senior people to be able to have ‘non-agenda’ conversations with key clients to start to unlock and create extra value for our clients – and we are already seeing this investment paying dividends!”

— Rachel Rose, Head of Talent, Leadership and Engagement, Fujitsu

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