×
Pensioner bonds
15th December 2014
Jonathan Watts-Lay, Director, WEALTH at work comments in The Times on the Chancellor’s recent announcement that the government’s 65 plus bonds will pay savers the best available interest rates.
Watts-Lay comments “I think these will be sold out in a nanosecond. Anyone who wants cash savings would be crazy not to go for these – except those who want an instant monthly income, because this isn’t going to work for them.”
Watts-Lay continues “There is an element here that feels a bit cynical. These bonds were designed because cash savers couldn’t get a good rate with building societies because of low interest rates. But these aren’t going to help savers who need to supplement their income in the short term either.”
Please click here to view The Times article.
Links to websites external to those of Wealth at Work Limited (also referred to here as 'we', 'us', 'our' 'ours') will usually contain some content that is not written by us and over which we have no authority and which we do not endorse. Any hyperlinks or references to third party websites are provided for your convenience only. Therefore please be aware that we do not accept responsibility for the content of any third party site(s) except content that is specifically attributed to us or our employees and where we are the authors of such content. Further, we accept no responsibility for any malicious codes (or their consequences) of external sites. Nor do we endorse any organisation or publication to which we link and make no representations about them.