News

Equity Release Council figures released today have revealed that homeowners over 55 unlocked a record amount of equity in their homes via drawdown lifetime mortgages in the final quarter of 2015.

Responding to reports that the BBC may be planning to ask over 75s to contribute towards their BBC licence fee, Paul Green, director of communications for retirement specialists Saga commented:

* See the Terracotta Warriors
* Enjoy a 4-day cruise on the Yangtze
* Explore Beijing and Shanghai
* Visit the Great Wall
* Jump on a bullet train and visit the panda breeding centre in Chengdu

• Over 50s wealth equivalent to £6.2 trillion – almost 70% of the amount held by UK households
• Pension and property wealth up by £660bn since 2011
• As MPs study ‘inter-generational fairness’, Saga Investment Services says that ‘the savings culture of the over 50s is vital to the UK economy and in stimulating growth’

• Deal of the Week – Book by 29 January, 2016 and save £30 per person
• 4 nights £269 half board at the Sandbanks Hotel, Dorset on the 20th March 2016

Learn to dance with some of Strictly’s dancers including current stars Kevin and Karen Clifton and former star Robin Windsor on Saga Sapphire’s all inclusive Mediterranean Odyssey cruise

• First Time Cruisers receive up to £400 discount*

Saga's latest inflation figures show that over the long terms costs for older consumers remains consistently higher than the population as a whole.

• One in seven people in their 70s still have a mortgage
• Almost two million have an interest only mortgage they intended to pay off with an endowment policy, which is now going to leave them short
• One in 14 have no idea how they are going to meet the shortfall
• One in four think they will have to sell their home to clear their debt

• Over 50s account for almost half of all motoring spend*
• Motoring cost significantly affect driving habits and social activities

Visit the National Elephant Conservation Centre in Kuala Gandah
Enjoy three nights at the 5Q Eastern & Oriental Hotel, Penang
Tour tea plantations in the Cameron Highlands
Take a boat to Orang-Utan Island

•Saga Cruises - Favourite Ocean Cruise Company
•Saga Holidays - Favourite Escorted Tours Operator and Favourite Long-Haul Operator
•Titan - Best Mainstream Touring Company

• Seven out of ten over 50s say the roads are in a bad state
• Around eight out of ten think road maintenance has got worse