This article looks in more detail at the incidence and consequence of social policies for older people through the distinctly French post-structuralist lens of governmentality (Foucault, 1977). This will enable us to consider the implications of the re-figuring of the relationship between the state, older people and social work. This re-figuring constructs an ambiguous place for older people: they feature either as a resource -captured in the idea of the 'active citizen', as affluent consumers, volunteers or providers of child care -or as a problem in the context of poverty, vulnerability and risk. In many ways, policy provides three trajectories for older people: first, as independent self-managing consumers with private means and resources; second, as people in need of some support to enable them to continue to self-manage; and third, as dependent and unable to commit to self-management. Governmentality provides the theoretical framework through which to view policy and practice that is largely governed by discourses of personalisation, safeguarding, capability and risk.