Tag: Saga

A quarter of over-50s will delay retirement

A quarter of over-50s will delay retirement

Saga, which provides finance products exclusively for the over 50s, claims that more than a quarter of people in this age group will work past the current state pension age of 65. Based on 427,000 retirement dates given by people using its annuity service, 27 per cent of over 50s will work beyond the age [...]

June 19, 2012 | 0 Comments More
Saga sees financial green shoots for over-50s

Saga sees financial green shoots for over-50s

Saga’s latest quarterly report is slightly more optimistic about the financial health of the over 50s than its report for the final quarter of 2011, but the organisation warns that the “green shoots” of recovery are very tentative at the moment. Compared with a year ago, the report suggests that the quality of life for [...]

March 5, 2012 | 0 Comments More
Older people affected worst by inflation

Older people affected worst by inflation

This month’s official figures show that inflation has fallen from 4.8 per cent to 4.2 per cent but two new studies show that older age groups suffer the most from high inflation, and at 4.2 per cent it is still well above the government’s 2 per cent target. Saga’s monthly Price Index shows that since [...]

January 19, 2012 | 0 Comments More
Campaigns launched as energy debts soar

Campaigns launched as energy debts soar

With an increasing number of people in debt to their electricity and gas providers, Consumer Focus and Citizens Advice have launched a ‘Plug the Debt’ campaign. A total of 1.5 million people are believed to be in debt in the UK and figures for spring this year show a 25 per cent increase in the [...]

November 16, 2011 | 0 Comments More
Over-50s unaware of ISA changes

Over-50s unaware of ISA changes

Older savers are being kept in the dark as to how much they will be able to invest tax-free when the ISA limit increases for over-50s next month. Research by Saga found just one in twenty of over-50s know what the new ISA limits will be. More than half of those polled were oblivious to [...]

September 23, 2009 | 0 Comments More
Brits oblivious to interest rates

Brits oblivious to interest rates

Nearly two thirds of UK consumers are oblivious to how much interest their savings are earning, new research found. Saga Personal Finance discovered 61% of Brits don’t know the interest rate on their savings account. This increased to 68% for savers aged under 50. Almost a quarter (24%) of those polled said they only check [...]

September 8, 2009 | 0 Comments More
Over 50s use multiple credit cards

Over 50s use multiple credit cards

Half of Brits over 50 use more than one credit card to manage their finances, research by Saga has discovered. One in fourteen (7%) of over 50s carry five or more credit cards in their wallet. However, almost three quarters (73%) of over 50s have never missed a payment deadline, compared to half (53%) of [...]

September 6, 2009 | 0 Comments More
Drivers use cars to store £3.8bn of gadgets

Drivers use cars to store £3.8bn of gadgets

British drivers treat their cars as high security vaults, collectively storing an estimated £3.8 billion worth of gadgets and accessories in their vehicles, research by over 50s insurance specialist Saga has discovered. The study found that one in five (22%) motorists over 50 keep valuables worth more than £200 in their car. This exceeds the [...]

August 11, 2009 | 0 Comments More
Does your home insurance cover DIY blunders?

Does your home insurance cover DIY blunders?

DIY Brits planning to do up their homes on the cheap should check their home insurance policy covers them for any DIY blunders before they get out the toolbox, Saga Insurance warned this week. The over-50s insurance specialist issued the warning to coincide with new research showing that DIY is a popular past-time with the [...]

June 30, 2009 | 0 Comments More
Saga adds breakdown repair to roadside cover

Saga adds breakdown repair to roadside cover

Saga is offering customers with breakdown assistance cover the chance to upgrade to a new policy that includes breakdown repair production. The over-50′s insurance specialist said the new policy covers customers for up to £500 for labour and parts if their vehicle is so damaged that it cannot be repaired at the roadside and needs [...]

June 25, 2009 | 0 Comments More
Saga launches 3.82% 15-month bond

Saga launches 3.82% 15-month bond

Saga has launched a new 15-month fixed-rate bond paying interest at 3.82%. Launched yesterday, the Saga Personal Finance Bond guarantees the fixed-rate for the duration of the bond. Savers can open the bond for as little as £1, and can opt to have interest paid on a monthly or yearly basis. Saga said being able [...]

May 29, 2009 | 1 Comment More
Saga offers road accident healthcare cover

Saga offers road accident healthcare cover

Saga is offering accident healthcare cover to its car insurance customers. The financial provider, which specialises in providing cover for the over 50′s, said the optional add-on gives drivers peace of mind should they be injured in a road traffic accident. Saga said it decided to offer the add-on after it discovered that ill health [...]

April 23, 2009 | 0 Comments More
Saga cuts APR on credit card to 11.9%

Saga cuts APR on credit card to 11.9%

Saga has reduced the APR on its Platinum credit card to 11.9% for both new and existing customers. The over-50s financial provider reduced its rate from 15.9% at a time when many other credit card providers are increasing APR. New customers taking out the Platinum card also benefit from 0% on balance transfers and purchases [...]

April 9, 2009 | 0 Comments More
Saga launches two new ISAs

Saga launches two new ISAs

Saga Personal Finance has announced plans to launch two new ISA products on 1 April, paying interest at up to 2.95% tax free/AER. The One Year Fixed Rate Cash ISA pays annual interest at 2.95% tax free/AER, whilst the Saga One Year Fixed Rate Monthly Interest ISA pays interest at 2.91% tax free or 2.95% [...]

March 27, 2009 | 0 Comments More
British drivers downsize to save on insurance costs

British drivers downsize to save on insurance costs

March is traditionally the month when drivers renew their insurance policy, and according to research by Saga, nearly three million motorists have downsized to a smaller car in recent months to save on insurance costs at policy renewal. Eight percent of motorists - 2.7 million drivers -have opted for a car with a smaller engine [...]

March 11, 2009 | 0 Comments More