personal finance

Podcast: Retirement homes, mobile phone bills and tennis club membership


Retirement homes don’t always have the best reputation, but several large operators claim to have reinvented the model.

The latest episode of the FT Money Show looks at how this sector has developed in recent years. Claer Barrett talks to Lindsay Cook, the FT’s Money Mentor columnist, about a new wave of developments coming on to the market funded by big institutions, incorporating modern technology with an emphasis on health and wellness.

“These properties have technology that means they can monitor people’s health when they go in. Then every six months they monitor them again in the hope that people will get healthier instead of going downhill when they go into a retirement home,” says Ms Cook.

Next on the podcast, Guy Anker from MoneySavingExpert explains how it is now easier to switch mobile phone contracts. “Previously, even if you were out of contract you had to give 30 days’ notice but you often found there was a period where you were charged by both networks,” he says. “If you’re out of out of contract you won’t get that double charge now.”

Finally, James Max, the FT’s Rich People’s Problems columnist, tells listeners how he helped to save his local tennis club from closure. “We had to raise £60,000 and we did that in 60 days to stop the club going bust, and then we had to raise another £47,500 to do what I felt was important in terms of the next bit of the strategy which was not how to just limp along but to fix the problem,” he says.

The FT Money Show podcast is released at 6am on Thursday, in time for your morning commute. To subscribe and download, go to Apple Podcasts, Stitcher or your usual podcast provider and search for “FT Money Show”.



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