UK is NOT prepared for ageing at all, House of Lords warns

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With the rapid increase in ageing population, the elderly is bound to have a major impact on the structure of society and public services. The Government is “woefully unprepared”, warns a report by the House of Lords.

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The House of Lords Committee on Public Service and Demographic Change concludes the importance of the establishment of two cross-party commission to respond to the aging society, also urged such actions should be carried out by whichever party wins the election to government.

One would work with employers and financial services providers to improve pensions, savings and equity release; the other would analyse how the health and social care system and its funding should change to serve the needs of our ageing population. Both should report in 12 months.

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