Kalgera Ltd is creating a personal finance manager website designed and tailored to older people to protect them from financial abuse and fraud. Pension reforms in 2015 which affected many private pensions also make it likely that people retiring will be targeted by fraudsters who know that they can now draw all their pensions in cash.
Furthermore, the numbers living with dementia and cognitive decline are significant and growing. The internet also brings with it new possibilities for fraud as more and more older people go online. Scams are a major threat to older people’s financial security and overall health and wellbeing.