Pensioners' Living Standards Hit Hard

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09 Mar 2015

Pensioners’ living standards have been hit hard by the Government's refusal to act against rip-off energy bills and pension charges, while social care funding has been slashed.

Typical energy bills have risen by £300 a year since 2010, nearly one in ten older households now face fuel poverty and delayed action to ban rip-off pension fees has left savers worse off. Cuts to elderly care have sent more older people to A&E with unnecessary hospital admissions, making it harder for them to get the care they need at home.

I would like to see a better plan for pensioners and older people, protecting the ‘triple lock’ that ensures pensioners’ incomes keep pace with the cost of living. Restricting Winter Fuel Payments from the richest five per cent of pensioners in order to help pay down the deficit, with no further changes to Winter Fuel Payments, or any changes to universal free TV licences and bus passes for pensioners.

Giving people freedom over how to spend their pension savings, but ensuring they are protected from rip-offs by introducing a cap on fees and charges for new pension products that allow people to draw-down on their savings so they get the same protection when they take their money out as when they put it in.

Improving social care is necessary to keep people safe and healthy at home. Bringing in 5,000 new homecare workers would end the scandalous culture of 15 minute care slots for some of the most vulnerable older people.