Today Age UK launches its General Election campaign – Dignity in Older Age (www.ageuk.org.uk/generalelection) – which aims to tackle some of the key issues that millions of older people continue to face. Things like difficulties accessing the care and support they so desperately need, living in poverty and struggling to make ends meet, and facing a later life of loneliness.
Throughout the campaign we’ll be covering some of the issues in depth, beginning with Caroline Abrahams on why having a decent income in later life is so important.
What’s the State Pension worth on average? Not surprisingly, most non-retired people don’t know, and the result is that when the ‘triple lock’ is discussed some rather important contextual information like this is usually absent.
Posted in General, General Election 2017, Pensions
Tagged Age UK, ageing society, general election, General Election 2017, Incomes, older people, pensions, poverty, Resolution Foundation, state pension, triple-lock
After over a year of looking at a wide range of evidence, and meeting many individuals and organisations, John Cridland’s Independent Review of the State Pension age has published its final report. John Cridland was tasked by the Government to make recommendations around a ‘fair and sustainable’ State Pension age (SPA) from 2028 onwards.
Posted in Government, Money Matters, Pensions, Public Policy
Tagged Age UK, Age UK blog, Ageing, ageing population, ageing society, Cridland report, John Cridland State Pension Age review, money matters, older people, pensions, State Pension Age, State Pension age independent review, State pension reform
The Pension Schemes Bill has nearly completed its passage through Parliament, taking a step closer this week as Peers considered the Bill at its Report Stage in the Lords. As you’d expect, Age UK has taken a keen interest in this Bill, which is part of the Government’s wider ranging reforms to pensions announced by the Chancellor in the Budget last spring – the most significant changes to private pensions for over a generation.
From this April, there will be great flexibility, and greater choice for older people to access their retirement savings but with greater choice comes more responsibility, and potential complexity and risks, for older people making these important choices. Generally speaking, the pension reforms are a really welcome move giving those with pension savings approaching retirement freedom and greater options about how to access their money. However, with greater flexibility can also come greater risks for consumers. Continue reading
Posted in Government, Income, Money Matters, Pensions
Tagged Age UK, Age UK blog, Ageing, ageing population, ageing society, Dashboards and Jam Jars Age UK report, older people, Pension Schemes Bill, Pension Schemes Bill Age UK, pensions, Pensions changes Age UK, pensions reform, private pensions changes Age UK