"From 2012 onwards, the European working-age population will start to shrink while the 60+ age groups will increase by about 2m people a year. The ageing population will also be more diverse than ever with significant numbers of people from a wide range of ethnic backgrounds. Many of these 60+ will want or need to continue working past the statutory retirement age. The EY2012 provides an important opportunity for us all to reflect on the need for new and innovative structures and approaches in the labour market which will motivate and enable older people to continue working as long as they chose." (Quoted from paper)