The Budget for savers…but where will they come from?

In a budget full of politics, but devoid of much policy, all of George Osborne’s announcements centred on savings. For the pensioners there was increased access to their pensions savings via the un-locking of annuities; for first time buyers there was the promise to top up their savings for a deposit; and for everyone else there were flexible ISAs and a new Personal Savings Allowance. But will these measures really support a nation of savers?
Continue reading

Guest Blog: Andrew Rear, Munich Re – Unlocking retirement choice

In my last post I argued that the key to avoiding inter-generational conflict over retirement is making it possible for people to decide for themselves how and when they exit the labour market. Only that way will we accept that we cannot sustain the work:retirement balance that we have come to expect during the last generation. That our expectations have become unsustainable is clear, as is the fact that the situation is only partially down to longer life expectancy. That said, I am troubled by the suggestion of some commentators that this is somehow the ‘fault’ of the baby boomers, as opposed to the sort of overshoot that we see in everything that relies on long-term projections.
Continue reading

Guest Blog: Doctor Tony Rao – Older people and alcohol: Our hidden generation

In March 2013, The General Lifestyle Survey showed that between 2005 and 2013, the percentage of men drinking 8 or more units of alcohol (the equivalent of 4 or more pints of normal strength beer) on any one day in the past week had changed by only 5% in the 65 and over age group. This compares to reductions of 30%, 19% and 12% in the 16-24, 22-44 and 45-64 age groups respectively. A clearly a worrying trend, helped little by the uncertainty over whether alcohol is friend or foe to public health. Continue reading

Guest blog: Lyndsey Burton, Choose.Net – How will the digital nature of Universal Credit affect older people?

Universal Credit (UC) is the government’s first “digital by default” benefit, with claimants expected to use the internet to apply, and then check on their payments. It combines six existing benefits: housing benefit, income support, employment support allowance, jobseekers allowance, working tax credit and child tax credit.
Continue reading