News

Once again, this is a Budget for savers

Over the past five years, the total number of people in employment in the UK has grown by 6.9%, with employment for the over 50s rising faster than for younger workers.

Commenting on reports that the Commons Work and Pensions Committee interim report suggests that women could still retire before 66 in return for lower weekly pension payments, and the measures would be actuarially neutral, Paul Green, director of communications for retirement experts Saga said:

Highlights include:
All-inclusive mystery cruise on Rex Rheni
Jazz cruise with onboard concert in Cologne
Three-night stay in Prague before sailing in Saxony

plus

Wine, beer and soft drinks with lunch and dinner
VIP door-to-door service on selected cruises
Early Booking Incentives online
Single cabins at no extra cost*

• Over 50s specialist welcomes FCA response to the Financial Advice Market Review
• Clarity on the differences between ‘guidance and ‘advice’ will benefit all consumers
• Early access to pension to pay for advice can transform people’s retirement planning

• One in four dog owners over 50 don’t know dogs need to be micro-chipped

• Replacing car tax with increase in fuel duty fairer on those who drive fewer miles
• Change needed to cut fraud and ensure foreign drivers are properly taxed

Visit the birthplace of William Shakespeare, the playwright whose work is considered the greatest in the history of English literature, on a three-night break with Saga.

• One in 10 pensioners have delayed collecting the state pension to increase their weekly pay
• Women nearly twice as likely as men to defer their state pension (13% vs. 7%)
• Half use deferral to top up their weekly pension (52%), while a quarter (24%) opt for lump sum
• Perk will become less attractive in April when new state pension is introduced

Commenting on the announcement by Baroness Altmann that former CBI Director John Cridland has been appointed as independent reviewer of state pension age, Paul Green, director of communications for retirement specialists Saga said:

Cruise and holiday choices include:

• All-inclusive Rhine, Main and Danube river cruise
• All-inclusive ocean cruise to the Mediterranean
• Canary Island Hopping in spring sunshine
• Solo travellers’ Douro Adventure

• Brexit in the balance as Britain’s older voters become more Eurosceptic*
• Nine out of ten over 50s plan to vote in the EU referendum**