Government 'needs to consider elderly'
The government and financial services must consider the needs of older people when they design financial policies, it has been claimed.
Furthermore, Paul Bates of Help the Aged noted that the government currently focuses its decisions on younger people's access to banking and financial products, as opposed to the UK's elderly population.
Mr Bates made the comments after a Help the Aged study revealed that a number of older people live in poverty and that while some consider themselves to 'not go without' they are forgoing items that others perceive to be bare essentials.
"We would just like the government to give some consideration to older people basically and remember that there are over 11 million older people in this country who need access to cash as well as financial education for younger people," Mr Bates stated.
Help the Aged has listed a number of points which it believes could help lead the country out of a pensions' crisis on its website.
A suggestion proposed by the organisation is that there must be a solid triangular relationship between the government, the employer and the working citizen in which both rights and responsibilities are communicated, understood and upheld in a clear manner.
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