Pensions and the Coronation
Money Box
BBC
4.2 • 825 Ratings
🗓️ 27 May 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
The prospects for many current employees hoping for a comfortable retirement looks "risky at best". That's the warning from the Institute for Fiscal Studies, which has started a major review of pensions together with Financial Fairness Trust, a charity funded by the investment firm Abrdn. We'll speak to the IFS and answer your questions on pensions.
The listener who had to remortgage but was turned down because he had a Ukrainian family living in part of his home.
Are you going to Europe this summer? If so, have you got your GHIC card which can give you cheap or free medical care in some countries? We'll explain how it works.
And next Saturday is the Coronation of Charles III. He and his wife, Camilla will be crowned King and Queen of the United Kingdom and 14 other Commonwealth countries. It is nearly 70 years since the last coronation in June 1953 when Charles's mother was crowned Queen Elizabeth II but what has changed in our personal finance since then? Paul Lewis speaks to Dr. Duncan Needham, Director of the Centre of Financial History at Cambridge University.
Presenter: Paul Lewis Reporter: Dan Whitworth Researchers: Sandra Hardial and Jo Krasner Editor: Justin Bones
(First broadcast, 12noon Saturday 29th April, 2023)
Transcript
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| 0:00.0 | You are about to listen to a BBC podcast and I'd like to tell you a bit about what goes into making one. |
| 0:06.5 | I'm Sadata Sese, an assistant commissioner of podcasts for BBC Sounds. |
| 0:11.2 | I pull a lot of levers to support a diverse range of podcasts on all sorts of subjects, |
| 0:16.0 | relationships, identity, comedy, even one that mixes poetry, music and inner city life. |
| 0:22.4 | So one day I'll be helping host develop their ideas, the next fact-checking, a feature, |
| 0:28.3 | and the next looking at how a podcast connects with its audience, and maybe that's you. |
| 0:33.6 | So if you like this podcast, check out some others on BBC Sounds. |
| 0:39.5 | BBC Sounds, music, radio, podcasts. |
| 0:43.2 | Hello, welcome to this Moneybox podcast. |
| 0:46.2 | One listener who had to remortgage was turned down |
| 0:49.1 | because he had a Ukrainian family living in part of his home. |
| 0:53.3 | If you're going abroad this summer, make sure you apply for your global health insurance card in good time, free from the NHS. And a week before the king is crowned, do you know what a half crown was and what it would buy? We look at personal finance in the 1950s. But first, the prospects for many current employees |
| 1:12.5 | hoping for a comfortable retirement looks risky at best. |
| 1:16.8 | That's the warning from the Institute for Fiscal Studies, |
| 1:19.5 | which launched a major review of pensions last week, |
| 1:22.3 | together with Financial Fairness Trust. |
| 1:24.2 | That's a charity funded by the investment firm Aberdeen. |
| 1:27.2 | This warning comes, |
| 1:28.5 | of course, when employees are facing the longest wage squeeze in 200 years, and inflation |
| 1:33.9 | has been above 10% for seven consecutive months. In a few minutes, I'll be getting answers to |
| 1:39.2 | some of your questions about pensions, but let's hear first about the review. Jonathan Cribb is one |
| 1:43.8 | of the directors of it and an associate director at the Institute for |
... |
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