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According
to the Post Office? Savings research, the average adult over 50 years
old has approximately ?6,628 in savings.
In addition to the careless attitude to savings, Post Office? Savings
also found that people are worryingly unprepared in planning for their
retirement income, with 31% of over 50’s unable to state whether they
had enough money to retire on.
One explanation for this lack of confidence could be bad investment
experiences. Research from the Post Office? revealed
that half those who have invested money on the stock market have lost
capital. So it’s not surprising that nearly two-thirds (63%) of over
50’s confirmed they are not prepared to take any risks with their
investments
Claire Oldstein, Head of Savings at the Post Office? urged the over 50’s
to make the most of their savings to avoid losing out in retirement:
“Our research shows that people approaching, and already in, retirement
could be losing out by not considering all the options for their
savings. This is worrying news – especially bearing in mind current
fears over the pension gap.”
For savers looking for the potential of a better return on their
investment, but wanting to keep their capital safe, the Post Office?
today announced the launch of two Guaranteed Equity Bonds (GEBs),
offering the opportunity of a better rate.
Claire Oldstein says: “Post Office? GEBs offer an ideal half-way house
for savers who are looking for investment opportunities but want to
avoid sleepless nights by taking big risks with their capital”.
The new GEBs feature the option of investing over a three or five year
period. As with previous offers, the five year GEB will immediately
become one of the best GEBs on the market, providing a competitive
participation rate of 125% of the FTSE 100 growth and guaranteed return
of the original amount invested.
The offer period is open until 9th September, minimum investment is ?500
and the deposit is guaranteed, enabling investors to make a smart bet on
the stock market and ensure the return of the original sum invested.
Full product details:
Post Office? Guaranteed Equity Bond – five year term
-
125%
participation rate
-
Only ?500
minimum investment
-
Linked to
FTSE 100-Index
-
4.5%
interest rate during offer period
-
Offer
open from 11th July until 9th September
Post
Office? Guaranteed Equity Bond – three year term
-
75%
participation rate
-
Only ?500
minimum investment
-
Linked to
FTSE 100-Index
-
4.5%
interest rate during offer period
-
Offer
open 11th July until 9th September
*About the Post Office?
With 14,600 branches across the country, the Post Office? is the UK’s
largest retail and financial services chain in the UK. Around 94 per
cent of the UK population lives within a mile of a Post Office? branch
and 28 million customers visit every week.
To get more details on the range, and availability of Post Office?
financial services at your local Post Office? branch visit
www.postoffice.co.uk .
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