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Yorkshire Building Society teams up with Age Scotland to help lift older people out of poverty

Published on 15 April 2021 10:34 AM

Scotland's leading charity for older people, has joined forces with Yorkshire Building Society to help make a "life-changing" difference to vulnerable older people's finances.

The building society is funding the nationwide two-year project with Age Scotland called "Building Better Lives" that aims to raise awareness of the social security that is available and provide financial support at times of crisis by offering training for hundreds of older people throughout Scotland.

Scottish Government figures show around 150,000 older people are living in poverty, a figure that has remained relatively unchanged in recent years. It is estimated that well over 120,000 pensioners in Scotland are not claiming the important social security they are entitled to, such as Pension Credit and Council Tax Reduction, collectively missing out on more than £420 million a year.

The training, run by Age Scotland for up to 600 older people, will focus on a range of benefits and social security, and help them access their entitlements should they encounter key life events that can have a significant impact on their financial situation, such as the loss of a partner, a care diagnosis or having to move to a new house.

The project, which aims to strengthen older people’s financial resilience, is funded through money raised by Yorkshire Building Society’s colleagues, customers and the public through its charity partnership with Age Scotland.

Director of Charity Services at Age Scotland Michelle Supple, said:

“We are delighted to be able to launch the Building Better Lives project thanks to the money raised by Yorkshire Building Society. We hope to make a life-changing difference to 600 older people in Scotland helping them to be better prepared, more financially resilient and to look to the future with hope.”

The charity partnership between Yorkshire Building Society, Age Scotland and Age UK aims to raise £1 million to fund a Building Better Lives project across the whole of the UK, to provide support to more than 4,700 older people in the UK to effectively manage their finances.

Mike Regnier, Chief Executive of Yorkshire Building Society, said:

“Now more than ever, older people need a trusted place they can turn to for advice and support. The coronavirus pandemic has intensified what was already a dire situation for thousands of vulnerable older people. This is why we are so proud to be working with Age Scotland and Age UK to ensure that older people facing challenges have someone to turn to in a time of crisis.”

To find out how the Building Better Lives programme can help you, please contact Age Scotland on rightstraining@agescotland.org.uk, visit www.age.scot/training or call 0333 323 2400.

Age Scotland's "Check in, Cash out" campaign also helps older people claim what they may be missing out on, urging them to call their helpline for a free benefit entitlement check on 0800 12 44 222.

-- Ends --

Notes to editors:

About Yorkshire Building Society
Yorkshire Building Society has assets of £45 billion and nearly 3 million customers.
Chelsea Building Society and Norwich & Peterborough Building Society are part of Yorkshire Building Society. Its subsidiary companies include Accord Mortgages Limited.
For more information on Yorkshire Building Society visit www.ybs.co.uk

Contact Age Scotland's media team:

Age Scotland provides a seven day a week response service to media enquiries through a dedicated telephone line and email.

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