Guest blog: What are the challenges and opportunities for ageing and cognitive decline for financial services?

Steven Cooper, Chief Executive, Personal Banking, Barclays UK, speaking at the Global Agenda Council on Ageing Symposium 2016
Steven Cooper, Chief Executive, Personal Banking, Barclays UK, speaking at the Global Agenda Council on Ageing Symposium 2016

This guest blog was contributed by Steven Cooper, Chief Executive, Personal Banking, Barclays UK. 

With over 10 million people in the UK over 65 and 850,000 people living with dementia, this is a crucial question, and one posed by the World Economic Forum Global Agenda Council on Ageing at their conference and symposium on 3 and 4 February.

Barclays was very pleased to sponsor this conference and play an active part in the discussions. Older people provide huge benefits to our society and economy, caring for children and volunteering their time. As one of the largest banks in the UK we have a diverse customer base and older customers make up a significant proportion- around a quarter of our current accounts are held by someone over 60. Continue reading “Guest blog: What are the challenges and opportunities for ageing and cognitive decline for financial services?”

Age-friendly financial capability

This blog was contributed by Barbara Limon, Programme Manager – Private Sector, at Age UK. 

The Money Advice Service, the statutory body responsible for financial capability is currently developing a new strategy for the UK.  But just what does an age-friendly financial capability strategy look like?

Contrary to the stereotype of later life as a time of stagnation, as we age we may need to adjust to events such as falling income, changing health, the need to care for a partner or bereavement.  At the same time, the external world continues to present new challenges, as technologies and the prevailing economic conditions change for good or ill.200x160_money

Age UK’s Planning for Later Life project, funded by Prudential, is designed to help people adapt to just some of these challenges.  Initially piloted with 11 local Age UKs across England and Wales, to date it has helped 2,590 older people through face to face advice sessions, home visits and telephone support. From January 2014 we will be rolling it out more widely. Continue reading “Age-friendly financial capability”