What works: a review of the evidence on financial capability interventions and older people in retirement

Document type
Report
Corporate author(s)
International Longevity Centre - UK
Publisher
International Longevity Centre - UK
Date of publication
12 August 2016
Subject(s)
Older Adults, Poverty Alleviation Welfare Benefits and Financial Inclusion
Collection
Social welfare
Material type
Reports

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The report examines different financial domains to determine which interventions were most successful in helping older people to manage their money and plan for later life.

Key findings:

  • Managing money day to day: whilst programme users generally reported high levels of satisfaction with such programmes, none of the evaluations that had been conducted could be termed as ‘high quality’.
  • Planning ahead and managing life events: there is a lack of robust evidence about whether participants actually changed their behaviour after taking part in such programmes.

The report also found that there are no formal evaluations for how to help people deal with funeral planning and bereavement in later life.

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