We are “woefully underprepared” for our ageing society. That was the conclusion of the House of Lords Select Committee chaired by Lord Filkin earlier in the year.
Central to that is the fact that people just aren’t saving enough for retirement and their later life. New polling Age UK commissioned found that just under a quarter of people aged 50-64 - those rapidly approaching state pension age - think there’s no point saving. Worryingly, that’s not because the majority have
Tom Wright, Chief Executive of Age UK and Co-Chair of the Financial Services Commission
already made provision for their future. More than a quarter said they were worried about having enough to live on. Only 15 per cent thought they had saved enough already.
We also frequently hear from older people about the problems they face with money matters, and the lack of solutions that really work for older people. While auto-enrolment is a massive step forward, it will not have time to reap its full benefits for people close to retirement.
That’s why we’re launching the Financial Services Commission – which will be co-chaired by Tom Wright CEO of Age UK and Dr Alexander Scott of the Chartered Insurance Institute. Launching on December 5th, it will be take the form of a series of three summits in which we will work with key industry leaders and consumer experts to examine how to improve the “financial resilience” of older people – their ability to weather the challenges that might lie ahead. It will culminate in June next year with the publication of a roadmap of actions that regulators, government and industry need to take to help keep future and current pensioners financially resilient. Continue reading
Posted in Consumers, Financial Services Commission, Money Matters
Tagged Age UK, Age UK blog, Ageing, ageing population, ageing society, boosting retirement income, Chartered Insurance Institute, consumers, Dr Alexander Scott Chartered Insurance Institute, financial resilience, Financial Services Commission, improving financial resilience, improving the financial resilience of older people, income in retirement, managing finances, money matters, older consumers, older people, pensions, retirement income, Tom Wright Age UK, Tom Wright Chief Executive
Sue Cooley from Manchester City Council, who won the Age UK Councillor Award in 2012
Do you know who your councillor is? Councillors are elected by all of us and can have a big impact on our community, but do we appreciate and acknowledge what they do?
Councillors really can have a huge impact on our communities. They are key players when coordinating people from the public, private, and voluntary sectors and they can provide a voice for those who would otherwise go unheard.
In recognition of this important role, Age UK is working with the Local Government and Information Unit (LGiU) to sponsor the Age UK Councillor Award as part of the 2013 C’llr Achievement Awards.
The Age UK award will be given to a councillor who has made a significant contribution to improving services or neighbourhoods in the area they represent, so as to benefit older people. It could be campaigning for better lighting, arranging more seating or increasing the number of public toilets.
Posted in Communities and inclusion, Local government
Tagged @CllrAwards, Age UK, Age UK blog, Age UK Councillor Award, Ageing, ageing population, ageing society, C’llr Achievement Awards, Communities & inclusion, Councillor Achievement Awards, Councillors, LGiU, LGiU and CCLA C’llr Achievement Awards 2014, Local government, neighbourhoods, older people
This blog was contributed by Paul Gamble, Chief Executive of Habinteg Housing Association.
Effective housing policies will make or break the UK’s ability to meet the challenges posed by our ageing population. Building homes that remain accessible for all stages of a person’s life and can be adapted easily, taking into account diverse and changing need, just makes sense.
Habinteg and Age UK have both contributed to the Government’s review of housing standards consultation and made the case for national standards that increase the supply of accessible homes. The new three tiered approach recommended by the Government needs to prioritise access issues. Without this local and national commitment, the homes of the future will simply not provide for the needs of the increasing number of older and disabled people in the UK.
Photo: Ell Brown (Creative Commons)
An ageing population
The projections could not be clearer. By 2030, one in three people in the UK will be aged over 55 with the number of disabled people estimated to rise to 4.6million by 2041.
People want to age in their own homes as independently as possible, for as long as they are able. Continue reading
Posted in Housing
Tagged Age UK, Age UK blog, Ageing, ageing population, ageing society, Government, Habinteg Housing Association, housing, housing standards, Housing standards review consultation, lifetime homes, older people, Paul Gamble Habinteg