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The charity Age UK is facing further criticism - this time for selling insurance deals that may not be the best value for money.
On Thursday, the Sun newspaper claimed the charity was earning £6m a year from recommending energy deals that were not the cheapest available. Now the paper says Age UK earned £21.9m last year from selling insurance. The charity said it "strongly" rejected the latest allegations, and interpretation of figures.
Oversight
Age UK said its prices were always competitive, but it had never claimed to be the cheapest at all times. "We offer good value products that can be relied on by older people in a volatile market place," a spokesperson said. "For example, our insurance products have no cancellation or change fees, no upper age limits, interest free instalments, are Which? recommended and achieve defacto five star ratings. Any net profits go straight to charitable activity supporting vital work for vulnerable older people." The energy regulator Ofgem and the Charity Commission said on Thursday that they would investigate Age UK's behaviour......Read more here
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Age UK faces further criticism on insurance deals
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#15corpio commentedEditing a commentMoney Mail has received a flood of letters accusing Age UK of pushing expensive insurance deals and offering poor service. Two weeks ago we revealed how the charity’s insurance quotes often appeared much higher than those on price comparison websites. Many of you wrote to offer evidence that the company was charging too much. An Age UK spokesman says it ensures ‘each and every insurance policy cost is representative of the risk taken on. While we never promise to be the cheapest, Age UK Enterprises aims to offer fair pricing.’ The charity was also criticised for hearing aid services. These are promoted by Age UK in a tie-up with retailer UK Hearing Care. Age UK is set to make £400,000 from the deal this year....Read more here
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