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TUC hits out at spending cut suggestions
Friday, September 11th, 2009
The Trades Union Congress (TUC) has suggested that proposals outlined in a new report concerning ways that government could reduce its spending by £50 billion would hit pensioners hard. According to the TaxPayers' Alliance and Institute of Directors, there are 32 ways in which the money could be ... read more
‘Celebrate the over-50s’, expert urges
Friday, September 11th, 2009
The over-50s need to be celebrated for their contribution to society. That is the opinion of Janet Connor, managing direct of insurer RIAS, who has claimed that older people are "positive givers". "What we need to do is celebrate the over-50s and what they are achieving and also recognise ... read more
Equity release could help ‘grey gappers’ with expenses
Thursday, September 10th, 2009
More and more of the older generation are considering taking a gap year to go travelling. Lauren Mackay, brand manager at Gap Year for Grown Ups, has suggested that although many may associate taking a year out with young people, there is really no boundary to when a person ... read more
Bank of England: 0.5% interest rate remains
Thursday, September 10th, 2009
In what could be disappointing news for older savers, the Bank of England has announced it is keeping the base rate of interest at 0.5 per cent. It is the sixth month in a row that the rate has stayed at the historic low, an outcome that was widely ... read more
‘Exciting’ Alzheimer’s developments made
Thursday, September 10th, 2009
Alzheimer's disease can be one of the most debilitating conditions that any person can suffer from. However, hope may be on the horizon thanks to a new breakthrough by British scientists. Two genes have been discovered, named CLU and PICALM which have been linked to the development of ... read more
Use equity release to avoid pension disasters in future years
Wednesday, September 9th, 2009
Although many reports are suggesting that the recession in the UK is coming to an end, warning bells have been sounded about future economic crashes. Former US Federal Reserve chief Alan Greenspan has spoken to the BBC about the future of the world economy and sent a stark warning ... read more
Over 50s contributing substantially to UK economy
Wednesday, September 9th, 2009
People aged over 50 continue to make a positive net contribution to the UK economy. That is according to a report by insurer RIAS, which has suggested that the 21 million people in Britain aged over 50 contribute around £6.5 billion to the country's public finances. Janet Connor, ... read more
Utilise equity release to help with care funding
Wednesday, September 9th, 2009
Urgent action needs to be taken to address the care funding crisis in the UK. That is according to Caroline Bernard, a spokesperson for charity Counsel and Care, which helps to provide support for older people. Ms Bernard's comments came as a government green paper suggested that the current ... read more
Parents over 50 meeting travelling kids abroad
Tuesday, September 8th, 2009
With travelling one of the most popular ways to spend equity release scheme cash, it may come as no surprise that many people over 50 are heading abroad. However, according to Post Office Travel Insurance, many middle-aged parents are going out to visit their children while they themselves are ... read more
Equity release could help hard-hit savers
Tuesday, September 8th, 2009
Only providers of financial services are experiencing the benefit of consistently low interest rates. That is according to Michelle Slade, a spokesperson at Moneyfacts.co.uk, who has claimed that consumers have seen very little benefit from the 0.5 per cent base rate set by the Bank of England. Among ... read more
