Sexist Lego a success

In spite of the uproar, the Lego Friends range is selling well


Earlier this year, Lego released a “Lego Friends” series that would widen the plastic blocks’ appeal to girls. Pundits bemoaned the range’s perpetuation of stale gender stereotypes, questioning whether it was really necessary to replace the traditional boxy Lego figures with curvy teenage girls that hang out in beauty parlours and cafes. Despite the controversy, Lego’s sales have increased 24 per cent year-on-year and “Lego Friends” have proved a success.

This is unsurprising considering the amount of market research that went into the range. Lego spent four years analysing girls’ playing preferences. According to Businessweek, the company found that girls paid more attention to things like aesthetics, level of detail, and role-play (this last point justifies the “Ladyfig” innovation – girls see the figurines as avatars, and are therefore, allegedly, more likely to see themselves reflected in a less angular piece of plastic). Furthermore, they found that although girls enjoyed building as much as boys, they did so in different way; while males enjoyed the more “linear” process of copying what is on the box as quickly as possible, females preferred “stopping along the way” for story telling and rearranging pieces.

The study confirms that boys and girls, at least broadly, play differently. But I suspect that the range’s success is less tied with this than with the simple fact that Lego Friends have made it more socially acceptable for girls to ask for Legos. The truth is, the brand has always done its best to fit squarely in the boys’ aisle of Toy’R’Us – since 1966, the Lego has been selling gas stations, trains and cars. Its recent makeover (side note - makeovers happen to be one of Emma’s [a Lego Friend] favourite hobbies) has made it possible for the brand to compete alongside dolls and kitchen sets. The difference between the Star Wars series and Lego Friends is, basically, a matter of packaging. But at an age where – however artificially - gender divides are at their most blatant (everyone knows that six year old boys have cooties and are to be derided for it), neither boys nor girls want to be seen wandering down each other’s aisles. Lego can't be held to blame for effectively doubling its demographic, and it is unequivocally a good thing that little girls can enjoy building blocks without feeling like a silly boy.

Or maybe kids don't actually care about these things and it's adults that find it easier to narrow their options when choosing presents. 

In any case, it’s sad that even toys are a partisan affair.  

Lego Freddie Mercury Photograph: Ghetty Images
Show Hide image

Stability is essential to solve the pension problem

The new chancellor must ensure we have a period of stability for pension policymaking in order for everyone to acclimatise to a new era of personal responsibility in retirement, says 

There was a time when retirement seemed to take care of itself. It was normal to work, retire and then receive the state pension plus a company final salary pension, often a fairly generous figure, which also paid out to a spouse or partner on death.

That normality simply doesn’t exist for most people in 2016. There is much less certainty on what retirement looks like. The genesis of these experiences also starts much earlier. As final salary schemes fall out of favour, the UK is reaching a tipping point where savings in ‘defined contribution’ pension schemes become the most prevalent form of traditional retirement saving.

Saving for a ‘pension’ can mean a multitude of different things and the way your savings are organised can make a big difference to whether or not you are able to do what you planned in your later life – and also how your money is treated once you die.

George Osborne established a place for himself in the canon of personal savings policy through the introduction of ‘freedom and choice’ in pensions in 2015. This changed the rules dramatically, and gave pension income a level of public interest it had never seen before. Effectively the policymakers changed the rules, left the ring and took the ropes with them as we entered a new era of personal responsibility in retirement.

But what difference has that made? Have people changed their plans as a result, and what does 'normal' for retirement income look like now?

Old Mutual Wealth has just released. with YouGov, its third detailed survey of how people in the UK are planning their income needs in retirement. What is becoming clear is that 'normal' looks nothing like it did before. People have adjusted and are operating according to a new normal.

In the new normal, people are reliant on multiple sources of income in retirement, including actively using their home, as more people anticipate downsizing to provide some income. 24 per cent of future retirees have said they would consider releasing value from their home in one way or another.

In the new normal, working beyond your state pension age is no longer seen as drudgery. With increasing longevity, the appeal of keeping busy with work has grown. Almost one-third of future retirees are expecting work to provide some of their income in retirement, with just under half suggesting one of the reasons for doing so would be to maintain social interaction.

The new normal means less binary decision-making. Each choice an individual makes along the way becomes critical, and the answers themselves are less obvious. How do you best invest your savings? Where is the best place for a rainy day fund? How do you want to take income in the future and what happens to your assets when you die?

 An abundance of choices to provide answers to the above questions is good, but too much choice can paralyse decision-making. The new normal requires a plan earlier in life.

All the while, policymakers have continued to give people plenty of things to think about. In the past 12 months alone, the previous chancellor deliberated over whether – and how – to cut pension tax relief for higher earners. The ‘pensions-ISA’ system was mooted as the culmination of a project to hand savers complete control over their retirement savings, while also providing a welcome boost to Treasury coffers in the short term.

During her time as pensions minister, Baroness Altmann voiced her support for the current system of taxing pension income, rather than contributions, indicating a split between the DWP and HM Treasury on the matter. Baroness Altmann’s replacement at the DWP is Richard Harrington. It remains to be seen how much influence he will have and on what side of the camp he sits regarding taxing pensions.

Meanwhile, Philip Hammond has entered the Treasury while our new Prime Minister calls for greater unity. Following a tumultuous time for pensions, a change in tone towards greater unity and cross-department collaboration would be very welcome.

In order for everyone to acclimatise properly to the new normal, the new chancellor should commit to a return to a longer-term, strategic approach to pensions policymaking, enabling all parties, from regulators and providers to customers, to make decisions with confidence that the landscape will not continue to shift as fundamentally as it has in recent times.

Steven Levin is CEO of investment platforms at Old Mutual Wealth.

To view all of Old Mutual Wealth’s retirement reports, visit: products-and-investments/ pensions/pensions2015/