Evaluation Scotland Wales

43% of retired people aren’t engaged with how they would manage financially if they needed long-term residential care.

People in retirement

While automatic enrolment will see more people saving through pensions, some people will need to save more to have an adequate income in retirement. The ability to access pension money from age 55 and to have the freedom to make income choices may also have an impact on later life.

Latest News

  • Friday 2 August 2019

    Developing financial rules of thumb: MAS responds to the Financial Advice Market Review

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Financial capability in action

Age Scotland’s Money Matters project evaluation

This What Works funded project delivered workshops to existing groups of older people where they normally meet, on a choice of subjects: benefit entitlements, care costs, power of attorney, wills and funerals, and managing change.

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How can we help older people make the most of their money?

There are indications that certain principles could be effective in building financial capability among older people.

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Financial capability of NHS patients

Between January 2017 and March 2018 Auriga Services was funded by the Money Advice Service to develop the financial capability of patients with renal failure and people with inherited metabolic disorders through face-to-face advice and support in healthcare settings.

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People in retirement strategy

People in retirement need to balance the need to make ends meet while preparing for unpredictable life events like ill health, care needs or bereavement. The Strategy aims to improve accessibility of financial products and services, providing tools and guidance that reflect the reality of life in retirement.

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People in retirement steering group

Life stages across the UK