Welcome!

News Feed Item

McCarthy & Stone Reveals Over 60s' Greatest Fears About Growing Older and Less Independent

LONDON, November 8, 2012 /PRNewswire/ --

And pledges to make 'later life greater life' with help from its new advisory board  

A survey by McCarthy & Stone, the UK market leader in assisted living development, has found that the risk of becoming a burden to their children is the over-60s' greatest concern in relation to getting older and less independent.

The research, which was conducted by McCarthy & Stone as part of its commitment to challenging perceptions about ageing and transforming later life, found 60 per cent of respondents were worried about becoming a burden to their children.

This set the issue ahead of any of the other financial or practical considerations about coping in later life that were put to 1,000 people aged over-60, who took part in the survey.

Concerns that came further down the list included the ability to pay nursing home fees long-term (41 per cent) and not having any plans in place for future care and housing needs (23 per cent).

Fifteen per cent of respondents worried about how they would manage financially in their current home and 11 per cent did not know what options might be available.

To help tackle the fear and apathy that commonly exists around housing and care in later life, McCarthy & Stone has appointed a new non-executive advisory board to help inform new product development as well as supplement the company's current lobbying activity in a bid to bring about positive, lasting change.

Known as the Greater Life Advisory Board, the initiative comprises six professionals, aged over 50, who have first-hand experience of making later life decisions. They are tasked with helping to re-imagine and re-engineer products, services and perceptions around ageing in a way that will help more people experience a greater life in later life.

The new board members include former Government Health Minister - Edwina Currie who became a Member of Parliament in 1983, where she spent 14 years and served as Minister under Margaret Thatcher in the Department of Health, responsible for public health and women's health issues.

The board will be chaired by Steven Bedford, who has over 20 years' general management experience at board level in retail and customer driven businesses.

In 2007 he led a management buy-in to The Marvellous Group, a specialist maternity and children's business.  Previously, he was chair and co-owner of Build-a-Bear Workshop UK, Eire and France, having co-founded the venture in 2003.

Ali Crossley, Executive Director of McCarthy & Stone, said: "Our research shows that although many older people worry about how they will cope in later life and do not want to become a burden to their children; a concerning  proportion of them do nothing about it.    

"Our new advisory board will help us tackle the negativity and inertia that commonly surrounds planning for later life.  We will do this by creating new products and services to meet the needs of the UK's ageing population, which will see one third of all its households occupied by people aged over 65 within the next 20 years.

"We will also lobby the Government to make changes that will help us to fulfil our ambition to see older people live richer, more rewarding and fulfilling lives."

For more information:
Andrew Baud, [email protected], +44(0)20-3397-3383 or +44(0)7775-715775

Kate Habberley, [email protected], +44(0)20-3397-3383 or +44(0)7943-333362

Notes to Editors

McCarthy & Stone is Britain's leading builder of retirement apartments, responsible for the construction of more than 40,000 homes for more than 45,000 residents.  The company is renowned for its focus on the needs of people in later life

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
SYS-CON Events announced today that Cloud Academy will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud computing technologies. Ge...
When NSA's digital armory was leaked, it was only a matter of time before the code was morphed into a ransom seeking worm. This talk, designed for C-level attendees, demonstrates a Live Hack of a virtual environment to show the ease in which any average user can leverage these tools and infiltrate their network environment. This session will include an overview of the Shadbrokers NSA leak situation.
As cloud adoption continues to transform business, today's global enterprises are challenged with managing a growing amount of information living outside of the data center. The rapid adoption of IoT and increasingly mobile workforce are exacerbating the problem. Ensuring secure data sharing and efficient backup poses capacity and bandwidth considerations as well as policy and regulatory compliance issues.
SYS-CON Events announced today that Interoute has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Interoute is the owner operator of Europe's largest network and a global cloud services platform, which encompasses over 70,000 km of lit fiber, 15 data centers, 17 virtual data centers and 33 colocation centers, with connections to 195 additional partner data centers. Our full-service Unifie...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, will motivate why realizing the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insigh...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assis...
The 21st International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo Silicon Valley Call for Papers is now open.
Interested in leveling up on your Cloud Foundry skills? Join IBM for Cloud Foundry Days on June 7 at Cloud Expo New York at the Javits Center in New York City. Cloud Foundry Days is a free half day educational conference and networking event. Come find out why Cloud Foundry is the industry's fastest-growing and most adopted cloud application platform.
For financial firms, the cloud is going to increasingly become a crucial part of dealing with customers over the next five years and beyond, particularly with the growing use and acceptance of virtual currencies. There are new data storage paradigms on the horizon that will deliver secure solutions for storing and moving sensitive financial data around the world without touching terrestrial networks. In his session at 20th Cloud Expo, Cliff Beek, President of Cloud Constellation Corporation, w...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...