This is Money Podcast

Will the Government raise state pension age to 68 sooner than planned - and what should those about to retire do about it?


Listen Later

Those aged between 43 and 54 may have been concerned by rumours this week that the Government is planning to increase the state pension age to 68 much sooner than planned

Officially, the rise to 68 is set to happen between 2044 and 2046, but ministers allegedly want to bring forward the change to 2035 with the policy being floated for inclusion in the March Budget. 

It comes as warnings have been sounded that those retiring in future decades generations will face a gap between the income that pension savings and the state pension will provide, and what they need to live even a moderate retirement. 

This is Money's pensions and investment editor, Tanya Jefferies, deputy editor Helen Crane and host Georgie Frost discuss how likely this is to actually happen - and what pension savers could do to prepare for it. 

We also look at mortgage rates which, having gone from all-time lows to unexpected highs in the last year and a half, could now be edging down past the 4 per cent mark

Why have a raft of high street lenders cut their rates in recent days, and will they simply hike them back up again if the Bank of England decides to increase the base rate again next week? 

And what should borrowers in the unenviable position of needing to remortgage at the moment be factoring in when they make their decision? 

Another group set to be impacted by next week's base rate decision are savers. With NS&I having increased the interest rate on its ever-popular Premium Bonds from 1 per cent to 3.15 per cent in the space of a year, is that now the best place to keep your rainy day fund?

EToro's Sam North also lets us know why next week is going to be a big one for the investment market.  

Helen gives us the lowdown on which companies are doing right by their customers, and which are not.

Once renowned for its tip top service (free coffee, anyone?) John Lewis has taken a battering in Money Mail's wooden spoon awards - but it also placed high on a separate survey of the firms that customers liked best. So what is going on? 

Finally, we dish out some advice on how to spot bargains in charity shops, haggle down prices at car boot sales and then make money selling things on.
...more
View all episodesView all episodes
Download on the App Store

This is Money PodcastBy This is Money

  • 3.8
  • 3.8
  • 3.8
  • 3.8
  • 3.8

3.8

9 ratings


More shows like This is Money Podcast

View all
Wake Up To Money by BBC Radio 5 Live

Wake Up To Money

55 Listeners

Money Box by BBC Radio 4

Money Box

49 Listeners

Money Clinic with Claer Barrett by Financial Times

Money Clinic with Claer Barrett

60 Listeners

The Martin Lewis Podcast by BBC Radio 5 Live

The Martin Lewis Podcast

75 Listeners

The Meaningful Money Personal Finance Podcast by Pete Matthew

The Meaningful Money Personal Finance Podcast

91 Listeners

The Property Podcast by Rob Bence and Rob Dix from The Property Hub

The Property Podcast

73 Listeners

The Money To The Masses Podcast by Damien Fahy

The Money To The Masses Podcast

16 Listeners

Cash Chats UK Money & Personal Finance podcast by Andy Webb

Cash Chats UK Money & Personal Finance podcast

5 Listeners

AJ Bell Money & Markets by AJ Bell

AJ Bell Money & Markets

15 Listeners

Which? by Which?

Which?

13 Listeners

On The Money by interactive investor

On The Money

5 Listeners

Switch Your Money On by Hargreaves Lansdown

Switch Your Money On

3 Listeners

Many Happy Returns by PensionCraft

Many Happy Returns

39 Listeners

Merryn Talks Money by Bloomberg

Merryn Talks Money

47 Listeners

Making Money by Most

Making Money

8 Listeners