Can you trust pensions, social care or anything else?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 26 May 2017

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

A row that erupted over the Tory manifesto social care plans led to accusations of a dementia tax and a swift U-turn. Voters had previously been told they would get a cap on costs, but instead they got a floor of £100,000 to which their wealth could be whittled down to. The issue highlighted a problem we have in planning our finances - trust. Do you trust the framework that the Government puts in place on social care, pensions, investing and saving to still be there in years to come? That was reflected in Simon Lambert's column this week, looking at a reader who asked whether they could bank on the tax-free pension lump sum continuing to exist when they needed it in future. Simon, Rachel Rickard Straus and Georgie Frost discuss whether we can trust pensions, social care or anything else in this week's This is Money podcast. Also on the agenda, on the show that tells you everything you need to know about money each week, is whether the UK economy is doing well, badly or indifferently, the bank accounts that pay you the most money and whether the fuss over Vanguard's new investing charges is justified. Oh, and finally, there's a chance to invest in a deep sea treasure hunt. Listen, enjoy (hopefully), leave us a comment or rating and subscribe.

Transcript

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0:00.0	Welcome to This Is Money podcast. I'm Georgie Frost and joining me today is editor Simon Lambert
0:10.4	and personal finance editor Rachel Rickard Strauss. We'll be taking a look over some of the top
0:15.3	business, finance and consumer-related stories they've been covering on their award-winning website
0:20.2	over the past week.
0:21.5	And to stay up to date on all the latest breaking money news, go to this ismoney.com.
0:25.9	Dot UK.
0:26.9	But coming up, an unexpected slowdown in the economy.
0:29.8	Are we starting to tighten our purse strings?
0:32.3	With rising inflations, where can you look to stash your cash?
0:35.9	Pay more into your pension, but do you trust them enough?
0:38.9	And fancy investing in a treasure hunt, I mean literally.
0:42.4	But first, you turn or manifesto meltdown.
0:45.5	Not our words, it's what critics called the decision by Theresa May to scrap social care plans
0:50.8	just four days after they were outlined in the Conservative manifesto.
0:55.1	Instead, introducing a cap.
0:56.9	We have seen over the last few days Jeremy Corbyn and the Labour Party trying to scare vulnerable
1:03.9	and elderly people by telling them and trying to suggest that they would lose their family
1:10.2	homes to pay for their care.
1:11.6	Nobody is going to have to pay for their care.
1:15.6	Nobody is going to have while they are alive.
1:18.6	Nobody is going to have to lose their family home.
1:22.6	We will ensure that people are able to pass on savings to their children.
	...

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