Charity wants more help for elderly in cold weather

A leading charity for the elderly is calling for more help with fuel bills for older people who are struggling to keep warm during the ongoing cold snap that is being experienced across Britain. Charity Age Concern and Help the Aged has stated that the government needs to increase the payments it makes to pensioners for fuel during the unusually long cold snap that is being seen across the country at the moment. Read more

Tags: Social Issues, United Kingdom, nhs, spokesperson, normal energy bill, Help the Aged

A guide to benefits for pensioners

As we grow older most of us hope that we will be able to enjoy a comfortable retirement with enough cash to get us through and allow us to spend some quality time with our loved ones. Read more

Tags: pensioner benefits, Disability Living Allowance, Citizen's Advice Bureau, Attendance Allowance, Council Tax Benefit, Help the Aged

More help for elderly required in recession

It has been reported that more help is needed for elderly people in the UK during the recession, with charities for the elderly claiming that there are a number of measures that could help to make the lives of suffering pensioners easier. Read more

Tags: charity, charities, Help the Aged, Seniors, Age Concern, pensioner

“More and more” homeowners using drawdown lifetime mortgages

Increasing numbers of homeowners are taking advantage of drawdown lifetime mortgages according to industry experts.

Intune group ltd, the subsidiary of Help the Aged which provides financial products to those aged over 50 years old, said drawdown mortgages allow the consumer to release money from property over stages.

Mark Gettinby, director of financial services of the Intune group, said: “This gives clients the peace of mind of knowing that they have funds available to them as and when they need them.”

Drawdown mortgages, among other equity release plans, are commonly used to supplement income, fund one off purchases or to pay off debts such as credit cards and mortgages to increase disposable income.

Mr Gettingby added that they especially benefit the homeowners over the age of 55.

According to research from the Safe Home Income Plans (SHIP), drawdown mortgages account for 51 per cent of all new equity release plans sold.

Further findings from SHIP found that the sale of equity release plans had increased by 15 per cent in the third quarter of 2007.

Tags: equity release, Aged, debts, economics, ltd, safe, Help the Aged, director of financial services of the Intune group