Category: Money Matters News

Older people across the country are planning to drastically cut back on heating their homes this winter due to losing the Winter Fuel Payment, accordoing to new polling from Independent Age.

49% of older people in England who will lose their Winter Fuel Payment said they were planning to only heat and spend time in one room. 20% were already planning to do this but now an additional 29% said they will resort to this measure because of the change.

During London Challenge Poverty Week (14-20 October) Age UK London is highlighting the pressing issue of poverty amongst older Londoners.

New data shows online scams cost older people an average of £4,000: but financial loss is only part of the story.

Age UK is urging older people on low and modest incomes to check whether they’re eligible for Pension Credit, to be assured of keeping their Winter Fuel Payment this winter

38% of older people (65+) living on a low household income (under £15k per year) in England and 29% in Wales are either finding it a constant struggle – or a struggle from time to time – to keep up with their water bills, according to new research by Independent Age. 

A worrying number of retirees are finding they have underestimated the real cost of retirement, writes Richard Collinson of Retire Easy. Getting an accurate fix ahead on your likely costs – and savings required – is critical for peace of mind.

Could YOU help Age UK London in its campaigning efforts to alert politicians and policymakers about how the cost of living is impacting older Londoners?