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
At the heart of Age UK’s Warm Homes Campaign lies the conviction that the best way to insulate people from remorseless increases in energy costs and the health risks posed by cold homes is a major house refurbishment programme. The Green Deal was intended to drive that work – and upgrade 4m homes by 2020 – but the six month figures for the scheme are hapless, and we see no room for optimism any time soon.
As of mid-October, there are 219 Green Deal schemes in operation. True, there is a upstream pipeline of house surveys completed and Green Deal plans in preparation, but older householders seem rather underwhelmed. Whilst one in ten say their homes were not warm enough last winter and they would benefit from improved energy efficiency measures, 70% said they would not want a Green Deal. The most frequently cited reasons were aversion to debt, and seeing the ‘loan’ repayment scheme as too expensive. Continue reading
Posted in Campaigning, Consumers, Energy, Energy Bill Revolution, Government, Spread the Warmth campaign
Tagged #EnergyBillRev, #energybills, #spreadthewarmth, #warmhomes, Age UK, Age UK blog, Ageing, ageing population, ageing society, campaign for warm homes, carbon taxes, consumers, Energy Bill Revolution, Energy Bill Revolution coalition, energy bills, Energy Company Obligation, energy prices, fuel poverty, Government, Green Deal, Green Deal not working, Green Deal performing poorly, Mervyn Kohler, Mervyn Kohler Age UK, number of older households using Green Deal, numbers of households using Green Deal, older consumers, older people, poorly insulated homes, spread the warmth, Spread the Warmth campaign, warm homes campaign
This blog was contributed by David Mortimer, Head of Digital Inclusion, at Age Age UK.
For many years, local and national organisations have been working to support individuals learn how to use computers. Despite many good initiatives and easier to use technology, new approaches are needed to reach and support those at risk of being increasingly cut off from the public and commercial service offers which assume both access and the skills to use their products.
That this remains primarily an older person’s issue is no surprise, but most older people have joined the digital age and many are competent. Those who have been left out, or have chosen to be left out, are not a homogenous group with one catch-all solution.
The traditional approach of marketing the benefits of being online has a role, but will continue to miss the mark for the majority of ‘digitally excluded’ older people. With so many simply not seeing any relevance of engaging with technology to them, the benefits should be seamed through everyday interventions and social activities so that older people can make choices based on a better knowledge of how this technology can enhance their unique combination of interests and circumstances. Continue reading
Posted in Communities and inclusion, Consumers, Digital inclusion, Work and Learning
Tagged #digitalskills, @Go_ON_UK, Age UK, Age UK blog, Ageing, ageing population, ageing society, Communities and Inclusion, computers, consumers, Digital inclusion, digital skills, learning about technology, learning to use technology, learning to use the internet, older consumers, older people, technology and the internet, using computers, work and learning
Shockingly, 24,000 older people in England and Wales may not survive the cold weather this winter – that’s 200 deaths a day that could be prevented.
Posted in Consumers, Energy, Health, Spread the Warmth campaign
Tagged #energybills, #spreadthewarmth, Age UK, Age UK blog, campaigning, fuel poverty, Information and Advice, insulation, older people, spread the warmth, Spread the Warmth campaign, winter, winter deaths, winter health, Winter wrapped up guide