Pension Bond Rollover Rate changes

At the start of 2015 the 65+ Guaranteed Growth Bonds were launched with a 12 month rate of 2.8%. Multiplied thousands of people took advantage of this attractive rate with over £13 billion pouring into the Government-backed product. As we come up to the first anniversary of these bonds, savers can either cash in the investment or choose to allow the funds to rollover, in part or in total, into a new term. The rates, though, are not so attractive:

1.45% for a one year term

1.70% for a two year term

1.9% for a three year term

2.55% for a five year term

This will be disappointing for many, but there are other providers with more attractive rates to temp the prudent saver.

Testimonials

I was really pleased with the amount of time my Advisor took in explaining the proposals. I was also pleased that he was so patient with my questioning - trying to understand financial matters when One isn't as familiar with them as the Advisor can be challenging but Paul has been great, listened to us and answered all our queries clearly

Chris of Milton Keynes

Paul has advised me over financial matters for many years, his wealth of experience. Knowledge, and expertise in this field is second to none.

Cliff from Teesside

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Pension Bond Rollover Rate changes

Testimonials

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