View more on these topics

BUDGET 2009 NEWS: Symponia criticises Budget for ignoring pensioners

Long-term care specialist Symponia has criticised Government for marginalising pensioners in today’s Budget.

Co-founder and joint managing director Janet Davies has accused the Government of “tokenism”, suggesting there is very little in the Budget for pensioners.

She says: “This is the same Government that instigated the Royal Commission and promised our elderly citizens a fairer deal. Nominal measures such as raising the savings threshold from £6,000 to £10,000 for pension credit and a small increase in state pension are pretty poor measures that do not support this promise.

“However, if I was searching hard for a ruby in the dust I would say that any measure designed to kick-start the housing market could benefit older people, many of whom rely on selling their homes in order to fund their care fees.”

Davies says the care fees specialist is “somewhat disappointed” over Government’s failure to mention the forthcoming green paper on adult social care.

She says: “By its very nature this paper can only be a further platform for a prolonged discussion on care, but it would have gone some way to demonstrating that the Government at least understands the concerns of our most elderly, poorly and vulnerable citizens.”

Recommended

Convertible appeal

To state the obvious, anything with a yield these days seems to be drawing attention. There has been a raft of equity income fund launches and a stunning £3bn in net inflows into bond asset classes in the first two months of the year, high-lighting the strong appeal of yield.

FSA changes compensation scheme limits

The FSA is changing the Financial Services Compensation Scheme limits for investment and home finance advice to £50,000 and for insurance to 90 per cent of the claim, with no upper limit.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com