Category Archives: Money Matters

WASPI women march on Parliament

Hundreds of women are planning to travel to Westminster today to complain to the government and their MPs about unfair changes to their state pensions. Major changes made through successive Pensions Acts in past years mean that women born in the 1950s have seen several changes to the date at which they will receive their pensions. These changes mean that the date a woman can start to claim her pension may be quite different from that of a woman who is just a little bit older or younger. These women could legitimately think government policy on pensions is unfair and the way the changes have been communicated to them has been a shambles. Continue reading

Guest blog: ‘We must protect sheltered housing’

 

 

Photo: Ell Brown (Creative Commons)

Photo credit: Ell Brown (Creative Commons)

There is still uncertainty about the future of sheltered housing in the social rented sector. This is important because sheltered schemes offer supportive communal housing to older people on low incomes who cannot afford retirement housing in the private sector The Government is currently reviewing its policy to place a cap on housing benefit payments for supported housing, as well as a cap on rents. This could potentially reduce the income of housing associations and their capacity to offer housing support. The ongoing financial uncertainty is also undermining the development of new sheltered schemes.
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How fraudsters use time pressure to succeed in their scams

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When John transferred the money, he thought he’d got a great deal. In the current market, deciding what to do with his pension lump sum hadn’t been easy, but this investment opportunity had come just at the right time and the promised returns looked great. It was only when his building society contacted him that he had second thoughts…

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Building a savings culture

Photo credit: Images_of_Money (Flickr Creative Commons)

Last month Age UK held a small discussion event with Pensions Minister Ros Altmann, hosted by the think tank Reform. The purpose of the meeting was to have a frank conversation with representatives from the pensions industry, consumer groups and trade unions about the need for more people to save more for their retirements.  Continue reading