Text Size

  • smaller
  • reset
  • larger
GROUP | Freedom to live the way you choose
Call 0800 919 132 for a free brochure
Key Features
  • House Manager
  • 24 Hour Emergency Call System
  • Security Entrance System
  • Intruder/Smoke Alarm
  • Residents Lounge
  • Guest Suite
  • Fitted Kitchen
  • Lift
Retirement Awards Barnardos

News

Home arrow Company Information arrow News arrow How a McCarthy & Stone lifestyle can help in difficult financial times
A McCarthy & Stone lifestyle offers a range of features and services that can help older people. Some have been put in place specifically to overcome the financial challenges affecting older people, as highlighted by the BBC.

The BBC visited McCarthy & Stone’s Cherrett Court development in Ferndown. BBC presenter Alison Moss interviewed four residents and spoke to McCarthy & Stone’s chief executive, Howard Phillips, and national sales director, Lorena Brown, who acknowledged the difficulties that older people were facing and talked about how McCarthy & Stone had a range of features and services that could help.

(For further information please click)
Enjoy an energy efficient new retirement apartment
Benefits Advice – make sure you are claiming your entitlements
£100 a month for life! – increase your income with our annuity scheme
Move Assured – helps sell your existing property within 12 weeks
Part Exchange – can be the solution to a quick and easy move
Independent Financial Advice –make sure your financial affairs are in good order

The national TV coverage, which appeared on several news bulletins on the BBC News channel and the main 1 o’clock news on BBC1, was in particular response to the latest Consumer Price Index (CPI) and Retail Price Index (RPI) announcements.

The CPI rate of inflation climbed to 4.5% in August, up from 4.4% in July. The headline rate of RPI inflation, which includes mortgage payments, rose to 5.2% in August from 5.0% in July.Huge increases in utility bills and the biggest hike in clothing costs on record have helped to add to the squeeze in household incomes already hit by rising food and fuel costs.

Economists say the elderly face an even higher rate of inflation than young people because fast rising items, such as fuel, make up a larger share of their spending. Older people are also more adversely affected by low interest rates than younger people – as they may not have mortgages, they are not benefitting from low borrowing rates, but are more reliant on pensions and other savings, which are not currently gaining interest.

McCarthy & Stone believes that wherever possible older people want to and should be allowed to live independently and are supportive of policies that enable them to do this. In line with this they have established Viewpoint 60+ a unique specialist UK-wide research panel of people aged 60+ who are invited to give their views and opinions on important issues affecting older people.