Managing money in later life: help from relatives and friends

Growing numbers of older people need help with financial matters, and relatives and friends are likely to be the first involved. At the same time, older people's financial resources are increasingly complex. In some families, differences in expectations or conflicts of interest among different members may bring further complications. A scoping study found a lack of systematic information on the role of carers in helping older people manage money and assets. Other findings from the scoping study indicate both the growing importance and the complexity of asset management in later life; the information needs of older people and their relatives and friends; and the need for further research into these issues to inform the development of policy and practice.