Housing
Oldies friendlier than youngers?
New research released today reveals that older people outshine younger generations when it comes to keeping in touch with neighbours. It’s the over-65s who are more likely to chat in person to someone on their street (82 per cent). In contrast, amongst people aged 18-24s just 44 per cent speak to their... »
Prudential gives up Equity Release
The Prudential group is withdrawing from the equity release (lifetime mortgage) market during the first quarter of next year. Prudential said the product, which enables retired people to unlock money tied up in their home without having to move, was too capital intensive, and it could us the funds more profitably elsewhere. The group first entered... »
Retirement housing firm apology over ‘dribbling geriatrics’ comment
A retirement housing firm was forced to apologise yesterday after its spokesman described elderly people as “dribbling geriatrics” on live television. Ian Rapley, of Consensus Business Group which manages retirement complexes, appeared on BBC Breakfast to rebut claims by residents that their service charges were being increased with little justification or consultation. Challenged over his... »
