Browse content similar to 15/09/2014. Check below for episodes and series from the same categories and more!
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Here's what's coming up on tonight's show. | :00:00. | :00:08. | |
We go undercover to expose the scam that's costing its victims millions. | :00:09. | :00:15. | |
There are numerous people who have said to me that they sometimes feel | :00:16. | :00:19. | |
that the only way out of this misery is suicide. | :00:20. | :00:24. | |
Why are so many others saying no to pensions? | :00:25. | :00:27. | |
The first thing we've got to do is get millions of people | :00:28. | :00:40. | |
into a pension at all, starting with young people. | :00:41. | :00:42. | |
Why London is a pensioners' paradise. | :00:43. | :00:45. | |
Older people are relaxed, they have learned to deal whth | :00:46. | :00:49. | |
London, they can afford London, they like the pace. | :00:50. | :00:53. | |
We're all being encouraged to save for our retirement ? something | :00:54. | :01:09. | |
But have you ever been tempted to cash your pension in early? | :01:10. | :01:15. | |
So`called pension liberation companies target people with | :01:16. | :01:19. | |
tempting cash offers to reldase their funds early | :01:20. | :01:22. | |
but don't mention the huge tax implications if you're under 55 | :01:23. | :01:28. | |
Tonight, Andy Akinwolere goes undercover to | :01:29. | :01:30. | |
When we take out a pension, it's all about securing our future. | :01:31. | :01:40. | |
But what happens if I want to cash mine in before I'm 55? | :01:41. | :01:50. | |
Well, according to some companies, age is no barrier ? sounds | :01:51. | :01:54. | |
In fact, that's what they c`ll it ? pension liberation. | :01:55. | :02:01. | |
When Geoff from South West London needed to free up some cash, | :02:02. | :02:04. | |
one scheme seemed particularly attractive. | :02:05. | :02:08. | |
You're using your own money from all your pension plans into one pot | :02:09. | :02:12. | |
so what could be better than using your own money to pay off a lot | :02:13. | :02:17. | |
of outstanding debts without having to pay it back and no tax issues? | :02:18. | :02:22. | |
The scheme freed up ?21,000 in cash but Geoff's relief was shortlived. | :02:23. | :02:27. | |
First, the pensions' regulator, and then the High Court, ruled he'd | :02:28. | :02:31. | |
taken what's called an unauthorised payment. | :02:32. | :02:33. | |
Everything's now changed ? they want the money back | :02:34. | :02:36. | |
The great thing about a pension is it's tax effichent | :02:37. | :02:43. | |
In other words we get tax rdlief on it to encourage us to save | :02:44. | :02:47. | |
And if you try to cash yours in before you're 55, cutting those | :02:48. | :02:55. | |
You'll have to pay up to 70% of what you get back in tax. | :02:56. | :03:01. | |
You actually cannot take anxthing from your pension until age 55. | :03:02. | :03:13. | |
Now he might have to pay back the taxman thousands of pounds. | :03:14. | :03:25. | |
Many of the people here had joined the same scheme. | :03:26. | :03:38. | |
Some ? as they've told me ` face financial ruin. | :03:39. | :03:41. | |
It's why they've formed this support group. | :03:42. | :03:44. | |
The people who were selling these schemes were very, very crafty, | :03:45. | :03:47. | |
very clever, very slick, very convincing and they believed | :03:48. | :03:50. | |
What's the emotional impact been? | :03:51. | :03:56. | |
There are numerous people who have said to me that the only wax they | :03:57. | :04:04. | |
feel out of this misery is to commit suicide because there's no dscape. | :04:05. | :04:08. | |
For those of us stuck in a financial hole, freeing up | :04:09. | :04:11. | |
our pension pot might seem like the light at the end of the tunnel. | :04:12. | :04:14. | |
But the people I've met so far say they were kept | :04:15. | :04:17. | |
That's why I'm doing my own research. | :04:18. | :04:21. | |
I want to find out if companies are really telling | :04:22. | :04:24. | |
I can cash my pension in early and not pay tax. | :04:25. | :04:30. | |
So we start with the initial pension ` ?37,600. | :04:31. | :04:35. | |
This company is going to take away a certain amount in fees. | :04:36. | :04:39. | |
What you're going to be left with is ?25,000 or 68% of your pension. | :04:40. | :04:46. | |
What it doesn't tell you is that HMRC are going to take | :04:47. | :04:51. | |
a further 55%, which leaves you with about 10%! | :04:52. | :04:57. | |
But are companies setting out to mislead or just being short | :04:58. | :05:03. | |
I'm hoping a few calls will help me to find out. | :05:04. | :05:08. | |
We've chosen a selection of companies at random and H've | :05:09. | :05:11. | |
asked pensions expert Richard Jacobs to listen in. | :05:12. | :05:13. | |
I'm pretending I'm 48 so if I did cash in my pension, there | :05:14. | :05:18. | |
You can't get money out of your pension before the `ge | :05:19. | :05:23. | |
So the first company knows the rules. | :05:24. | :05:28. | |
OK, so you never know. Maybe I won't be misled. | :05:29. | :05:33. | |
Operation Scorpion might have something to do with that. | :05:34. | :05:35. | |
It's what the police and pensions regulator are calling | :05:36. | :05:39. | |
their crackdown on pension liberation companies. | :05:40. | :05:41. | |
Since being set up, it's investigated a sector worth almost | :05:42. | :05:44. | |
I want to know what Richard thinks of them. | :05:45. | :05:55. | |
I'd just like you to listen to it and pick | :05:56. | :05:58. | |
We've made clear I'm under 45 but need cash ? and fast. | :05:59. | :06:08. | |
The money is generated at 20% of the valte of | :06:09. | :06:11. | |
your transfer and those monies are paid back to | :06:12. | :06:15. | |
Effectively you switch your pension fund and you will receive 20% | :06:16. | :06:21. | |
already you're licking your lips at this. What are we hearing there? | :06:22. | :06:30. | |
A scam. Whoever that business is, if money is coming out it's got to | :06:31. | :06:37. | |
come from somewhere. There's no money magicked from somewhere. | :06:38. | :06:43. | |
But that is pension liberation whatever name they put on it. | :06:44. | :06:46. | |
But he knows I'm under 55 so I'll have to pay tax, right? | :06:47. | :06:50. | |
No, because the money's not coming out of the pension ftnd. | :06:51. | :06:54. | |
No tax liabilities to take your pension out early. | :06:55. | :06:58. | |
In that case, he's going to lose his penshon. | :06:59. | :07:05. | |
In fact, of the nine companies we contacted online and on the phone, | :07:06. | :07:21. | |
That's left me feeling as miserable as the weather. So what's the | :07:22. | :07:27. | |
We've raised awareness with the police, with providers. | :07:28. | :07:33. | |
The important thing now is to raise awareness with consumers. | :07:34. | :07:36. | |
I think it would be a zero sum game if we or any other agency | :07:37. | :07:40. | |
What we need to get to consumers is if anyone comes to you | :07:41. | :07:45. | |
and offers you access to your pension scheme before 55, | :07:46. | :07:49. | |
Yeah, and don't the victims and their advisors know it! | :07:50. | :07:59. | |
So I'm playing them something they need to hear. | :08:00. | :08:02. | |
The money's generated at 20% of the value of your transfer | :08:03. | :08:07. | |
and those moneies are paid back to you through another channel. | :08:08. | :08:11. | |
It's the same spiel over and over again. I'm horrifidd that | :08:12. | :08:16. | |
It's just shocking and the poor consumer doesn't know, is suffering. | :08:17. | :08:27. | |
I just couldn't believe what I was listening to there. | :08:28. | :08:30. | |
But if people are still being mhsled, | :08:31. | :08:35. | |
I'm hoping Ruth Owen can answer that question. | :08:36. | :08:41. | |
She's Revenue and Customs director general of personal tax. | :08:42. | :08:45. | |
There are some innocent people being stung here left, right | :08:46. | :08:47. | |
and centre. Are you trying to tell me then that people are acttally | :08:48. | :08:50. | |
to have to pay this money b`ck even if they didn't know about it | :08:51. | :08:55. | |
So if there was a tax due, HMRC has to apply it, that's the way the | :08:56. | :08:59. | |
rules of the tax system work so yes, if you have accessed money from | :09:00. | :09:03. | |
pension pot that breaks the tax rules then we do have to charge you | :09:04. | :09:08. | |
the tax because you got a tax relief you | :09:09. | :09:10. | |
weren't actually eligible to receive so you will be charged. | :09:11. | :09:12. | |
What's there to protect consumers? What's there to protect | :09:13. | :09:14. | |
Yeah, and I recognise that. I've seen many cases myself where really | :09:15. | :09:20. | |
tragic circumstances where people have been misled and have lost | :09:21. | :09:23. | |
I do really feel for the people who are involved. Some are real innocent | :09:24. | :09:28. | |
victims in these situations but, from a tax point of view, wd have to | :09:29. | :09:33. | |
the rule equally and fairly and if you have chosen to take your pension | :09:34. | :09:38. | |
out of the safety of the retirement pension pot, tax will apply. | :09:39. | :09:43. | |
A lesson the victims are learning the hard way. | :09:44. | :09:47. | |
You're not sleeping and just giving everyone else | :09:48. | :09:50. | |
a lot of grief at work and at home and it's tearing us apart. | :09:51. | :09:58. | |
Operation Scorpion is helping | :09:59. | :10:00. | |
to raise awareness but as otr evidence shows... | :10:01. | :10:03. | |
There's no tax liabilities whatsoever. | :10:04. | :10:07. | |
..new victims are still getting stung. | :10:08. | :10:18. | |
If you've got pension worries then head to our website | :10:19. | :10:21. | |
and don't worry if you've missed that, I'll give it to you | :10:22. | :10:29. | |
Now then, still to come on tonight's show. | :10:30. | :10:33. | |
As one gets older, one's brain needs a good stimulus. We love | :10:34. | :10:36. | |
music, we love art, we love the culture. We've got it here on our | :10:37. | :10:41. | |
An exclusive survey for Inshde Out has found that nearly half | :10:42. | :10:49. | |
of all British adults do not have a pension. | :10:50. | :10:53. | |
This, in spite of the government introducing new workplace pdnsions | :10:54. | :10:57. | |
last year that have already been taken up by 4.4 million people. | :10:58. | :11:02. | |
Research by the polling company ComRes suggests | :11:03. | :11:05. | |
39% say they just can't afford to invest in a pension right now. | :11:06. | :11:13. | |
28% say they are too young to think about pensions. | :11:14. | :11:17. | |
A similar number ` 27% ` say they just haven't got round to it. | :11:18. | :11:21. | |
And 21% say they're investing their money elsewhere, | :11:22. | :11:25. | |
So what will all this mean for people's retirement plans? | :11:26. | :11:31. | |
Well, we sent our reporter John Cuthill on a pensioners' day out | :11:32. | :11:35. | |
Previous generations retired at 60, | :11:36. | :11:48. | |
got on with the gardening and were grateful for a free bus pass. | :11:49. | :11:53. | |
But, with life expectancy continuing to rise, even if we retire later, | :11:54. | :11:57. | |
These days, most of Britain's workers don't have | :11:58. | :12:02. | |
a pension sorted, which could leave us relying entirely on the state. | :12:03. | :12:06. | |
Or, like our 65`year`old bus and its 70`year`old driver Mervyn, | :12:07. | :12:11. | |
I enjoy it and I'm a part of the business. | :12:12. | :12:15. | |
It's a nice job. You meet nice people. | :12:16. | :12:18. | |
I did invest into a pension but it went down the pan so... | :12:19. | :12:27. | |
And where better to meet th`n the Pensioners Pub? | :12:28. | :12:33. | |
Half of our passengers on our 1949 Bedford bus are retired. | :12:34. | :12:38. | |
The other half are pension refuseniks ? a handful of Britain's | :12:39. | :12:41. | |
13 million company employees who don't have a private pension. | :12:42. | :12:46. | |
The government's rolling out a scheme to try to put that right. | :12:47. | :12:49. | |
All aboard the pension special. Are we ready? | :12:50. | :12:51. | |
Auto enrolment makes it a legal requirement for companies to | :12:52. | :12:55. | |
But if you earn less than ?10,000 you won't qualify. | :12:56. | :13:01. | |
And anyone self`employed will have to sort themselves out. | :13:02. | :13:05. | |
Putting money aside just isn't feasible at the moment. | :13:06. | :13:22. | |
I'm Adam, I'm 27 and I'm senior colour technhcian. | :13:23. | :13:25. | |
I get paid ?500 a month with my training, so absolutely no money. | :13:26. | :13:34. | |
I'm still doing my studying so it's not beneficial to md to pay | :13:35. | :13:48. | |
Hilda's celebrating her 100th birthday today. | :13:49. | :14:02. | |
These days, you're 44 times more likely to do the same than 60 years | :14:03. | :14:06. | |
ago, which has prompted the government to make the most sweeping | :14:07. | :14:09. | |
Time to make room on the bus for Minister of State for Pensions, | :14:10. | :14:17. | |
Steve Webb, the man responshble for the radical reforms. | :14:18. | :14:21. | |
The first thing we've got to do is get millions of people | :14:22. | :14:24. | |
Particularly starting with xoung people, then we've got to build | :14:25. | :14:27. | |
8% of your salary probably isn't going to provide enough. | :14:28. | :14:35. | |
Once you get a pension you `re going to be nailed by charges. | :14:36. | :14:41. | |
In the past, too many people have been ripped off, frankly. | :14:42. | :14:45. | |
These new workplace pensions will be different because we are gohng to | :14:46. | :14:48. | |
cap the charges so from next April more than 99p in the pound you put | :14:49. | :14:51. | |
it into a pension will go into the pension and not charges so they will | :14:52. | :14:55. | |
be the best value pensions, particularly because your firm is | :14:56. | :14:57. | |
One of the best things you can invest in. | :14:58. | :15:05. | |
the best things you can invdst in. With a captive audience, Steve | :15:06. | :15:10. | |
the best things you can invest in. With a captive audience, Stdve Webb | :15:11. | :15:13. | |
cannot resist the opportunity to nudge the pension message. H am | :15:14. | :15:19. | |
self`employed, I do weddings and things like that. I don't exhibit | :15:20. | :15:23. | |
and you get from a pension will be valid. Mark Larter is 39, and | :15:24. | :15:29. | |
instead of a pension he has opted for a buy to let. My property is | :15:30. | :15:34. | |
going to rent out to students, Southampton has a very high student | :15:35. | :15:37. | |
population. It is right in the centre of town so it is a wicked | :15:38. | :15:41. | |
location and it is always going to rent. From listening to people, I | :15:42. | :15:45. | |
can understand why people would want to do things in addition to pensions | :15:46. | :15:51. | |
but they should consider pensions is one of their options. If people | :15:52. | :15:54. | |
think it is too hard, there is always something that will make it | :15:55. | :15:56. | |
always something that will lake it easier for them, if they work for an | :15:57. | :16:00. | |
employer, they will contribute into the scheme. Do not just relx on what | :16:01. | :16:02. | |
the scheme. Do not just rely on what sort of income in retirement, just | :16:03. | :16:11. | |
on property, for instance. Things are different on the retired | :16:12. | :16:15. | |
side of the bus where some have the sort of gold`plated final s`lary | :16:16. | :16:18. | |
schemes that anyone who is signing up to a pension now will probably | :16:19. | :16:25. | |
never get. I don't see myself as being in any way privileged. I see | :16:26. | :16:29. | |
myself as having worked in public service for a relatively reasonable | :16:30. | :16:31. | |
service for a relatively re`sonable salary, but the attraction of it was | :16:32. | :16:36. | |
always the reasonable pension at the end of the day. Pension, pretty | :16:37. | :16:39. | |
end of the day. Pension, prdtty good, really, because it is | :16:40. | :16:40. | |
index`linked and I know from good, really, because it is | :16:41. | :16:42. | |
index`linked and I know frol year good, really, because it is | :16:43. | :16:42. | |
index`linked and I know from year to index`linked and I know frol year to | :16:43. | :16:49. | |
year what it is I'm going to get. I am one of the lucky ones, I ended up | :16:50. | :16:53. | |
with a final salary scheme, I had been with the same company for 0 | :16:54. | :16:57. | |
years and we were rewarded for that loyalty with a darn decent pension. | :16:58. | :17:06. | |
Joan is 93 and has been retired loyalty with a darn decent pension. | :17:07. | :17:08. | |
Joan is 93 and has been retired for 30 years. She thinks there has been | :17:09. | :17:13. | |
a cultural shift between spending now and putting money away for | :17:14. | :17:14. | |
later. I don't think nowadays now and putting money away for | :17:15. | :17:17. | |
later. I don't think nowadaxs people later. I don't think nowadays people | :17:18. | :17:22. | |
know how to say. Young people. Because they have never had to say. | :17:23. | :17:28. | |
It is a throwaway society. They have never had to make do and mend like | :17:29. | :17:33. | |
we had to. As the pensions special roles on the promenade, timd | :17:34. | :17:34. | |
we had to. As the pensions special roles on the promenade, time to | :17:35. | :17:34. | |
we had to. As the pensions special roles on the promenade, timd to some | :17:35. | :17:34. | |
roles on the promenade, time to some words of warning to those of us who | :17:35. | :17:37. | |
might still have our heads hn the might still have our heads in the | :17:38. | :17:41. | |
sand. The majority of workers do not have pension savings. So anxone on | :17:42. | :17:44. | |
that side of the bus, you're not that side of the bus, you'rd not | :17:45. | :17:48. | |
alone, there are lots of people like you out there. However, the main | :17:49. | :17:55. | |
message has to be, if you do not save for your later life, what are | :17:56. | :18:00. | |
you going to live on? The state pension, certainly for those who are | :18:01. | :18:01. | |
pension, certainly for thosd who are relatively young now, is changing | :18:02. | :18:05. | |
relatively young now, is ch`nging dramatically. And from 2016 onwards, | :18:06. | :18:07. | |
younger people will know th`t dramatically. And from 2016 onwards, | :18:08. | :18:11. | |
younger people will know that when they get to retirement, the state | :18:12. | :18:13. | |
pension is going to be around ?20 pension is going to be around ?20 | :18:14. | :18:19. | |
per day. If you think you would be happy living on ?20 per day for the | :18:20. | :18:22. | |
rest of your life when you have reached retirement, fine, don't do | :18:23. | :18:25. | |
anything. But if you think xou might anything. But if you think you might | :18:26. | :18:29. | |
want more than ?20 a day to have a decent lifestyle, then unless you do | :18:30. | :18:36. | |
some saving now, you won't have any money coming in from that pdnsion | :18:37. | :18:41. | |
later. So it is all about bding prepared. Or is it? I was planning | :18:42. | :18:46. | |
to start sorting out my penchant at the age of around 40, which after | :18:47. | :18:52. | |
today, is far too late. I h`ve realised that. Business is going | :18:53. | :18:56. | |
good, property is going well so I am happy with how things are going One | :18:57. | :19:00. | |
thing is the certain, when it comes thing is the certain, when ht comes | :19:01. | :19:03. | |
to keeping our heads above water when we retire, we are all going to | :19:04. | :19:05. | |
have to plan ahead. I am glad I when we retire, we are all going to | :19:06. | :19:09. | |
have to plan ahead. I am gl`d I did not bring my swimmers! | :19:10. | :19:12. | |
And if you want more details on our pensions survey head towards | :19:13. | :19:15. | |
When we think about retiremdnt, many of us probably imagine settling | :19:16. | :19:22. | |
down in a nice sleepy village or seaside town to enjoy some | :19:23. | :19:26. | |
But not all of us because there's a new breed | :19:27. | :19:30. | |
of pensioner who reckon that the capital is the best place to grow | :19:31. | :19:34. | |
How many of us can honestly say that however much we love London, | :19:35. | :19:49. | |
on a stifling Monday night struggling to get home from work we | :19:50. | :19:52. | |
Waking up to a sea view far from the crowded city. | :19:53. | :20:00. | |
If you've got savings or own your own London property, | :20:01. | :20:02. | |
retirement has in the past given you the chance to do just that. | :20:03. | :20:07. | |
Escape from the hustle and bustle of the city to a place | :20:08. | :20:10. | |
But it seems times have changed for some of London's pensioners. | :20:11. | :20:18. | |
They desire the hustle and bustle and this big old city has | :20:19. | :20:22. | |
Steve Pratt worked all his life as a Mercedes Benz mechanic | :20:23. | :20:35. | |
and has recently retired, and he loves fishing. | :20:36. | :20:38. | |
So in the past he would have been a prime candidate for a cottage | :20:39. | :20:42. | |
by a stream or a bungalow by the sea, but he spends his retirement | :20:43. | :20:45. | |
out and about soaking up all the joys the big city can offer. | :20:46. | :20:51. | |
The transport system is absolutely fantastic. | :20:52. | :20:54. | |
You've only got to wait two or three minutes and a bus comes along. | :20:55. | :20:59. | |
And the best thing I got was an Oystercard 60. | :21:00. | :21:06. | |
If you live in a London borough, you get a ?10 card | :21:07. | :21:10. | |
and you go anywhere, underground, national rail, overground. | :21:11. | :21:17. | |
You can go all over, I've lived here all my life and I've | :21:18. | :21:20. | |
I'm interested in crime and things like that. | :21:21. | :21:31. | |
I saw a programme the other day about Ruth Ellis, | :21:32. | :21:33. | |
I went and saw where she shot that David Blakely, her lovdr. | :21:34. | :21:40. | |
I go up to the Old Bailey, sit in on a case there. | :21:41. | :21:44. | |
There's so much here, I'm up and down most days of the week. | :21:45. | :21:49. | |
Since he retired, Steve now uses his very own living theatre the way | :21:50. | :21:55. | |
a tourist might, and according to feedback from a recent survdy by | :21:56. | :21:59. | |
Britain Thinks, an organisation that shows policy makers and govdrnment | :22:00. | :22:03. | |
think tanks what the latest trends are, he is just | :22:04. | :22:06. | |
one of many pensioners who are now happy to retire in London. | :22:07. | :22:10. | |
People think of London as a young city but one | :22:11. | :22:13. | |
of the things we found, and there's an irony here, is that the people | :22:14. | :22:16. | |
that London works best for hs actually not young people at all. | :22:17. | :22:20. | |
The people that London seems to work best for is actually older people. | :22:21. | :22:24. | |
And what we found increasingly is that we had a group | :22:25. | :22:27. | |
of unhappy young people living in London, none of them can afford | :22:28. | :22:30. | |
anywhere to live there, all looking for jobs, it's very competitive. | :22:31. | :22:34. | |
Whether you've got a degree from Oxford or a school leaver. | :22:35. | :22:37. | |
To the point where older people are moving into London | :22:38. | :22:40. | |
while younger people are thhnking, I'm going to be moving out of here. | :22:41. | :22:44. | |
Often they've got property which means that they don't have to | :22:45. | :22:49. | |
They like the atmosphere, they like its diversity, they like | :22:50. | :22:53. | |
what it has to offer culturally, they like everything about ht. | :22:54. | :22:57. | |
There's just so much to see I can visit, | :22:58. | :23:00. | |
There are these terrific guhded walks which only cost ?9 I think. | :23:01. | :23:08. | |
When I was growing up, it was the Beatles. | :23:09. | :23:10. | |
I went on the Beatles walk round Abbey Road, I'd never been there | :23:11. | :23:13. | |
Obviously there are the big sites we all know in London, but there's | :23:14. | :23:20. | |
I like to go there and sample it for myself. | :23:21. | :23:31. | |
So some Londoners are more than happy to never leave the big city, | :23:32. | :23:34. | |
but what about the others who alreadx left to | :23:35. | :23:37. | |
Here in beautiful north Devon, one man wants to sell this gorgeous | :23:38. | :23:45. | |
I retired a few years ago and moved down here. | :23:46. | :23:55. | |
Mark wants to return back to the city because having worked all | :23:56. | :24:02. | |
his life like many retirees, he wants to do voluntary work. | :24:03. | :24:06. | |
And it's not the kind suited to sleepy Ddvon | :24:07. | :24:09. | |
My particular addiction is `lcohol and I have been sober for 27 years. | :24:10. | :24:19. | |
Since I retired I have thrown myself into doing volunteer work for people | :24:20. | :24:23. | |
who suffer from addiction issues and I find that the lack of accdptance | :24:24. | :24:30. | |
of that down here to be quite different to that it is in London. | :24:31. | :24:36. | |
There's 600 people or so in this village and I sneeze | :24:37. | :24:39. | |
and everybody knows and if anybody else sneezes I know about it, and | :24:40. | :24:43. | |
that's lovely, there's a sense of community that I won't experience. | :24:44. | :24:47. | |
But the big city and its anonymity where everybody doesn't know | :24:48. | :24:51. | |
their own neighbours I think creates a freedom for people who might meet | :24:52. | :24:58. | |
disapproval, more from a lack of education and understandhng. | :24:59. | :25:02. | |
One of the things that's really interesting | :25:03. | :25:04. | |
about London, and it's parthcularly true again of older people, | :25:05. | :25:07. | |
is the feeling that you can be whatever you want to be in London. | :25:08. | :25:11. | |
And that people aren't going to judge you in the same wax. | :25:12. | :25:15. | |
Anybody's acceptable, whatever you are, however different | :25:16. | :25:18. | |
Returning home to be embracdd in the capital is one thing, | :25:19. | :25:30. | |
but what about if you've lived most your life in the countryside? | :25:31. | :25:33. | |
Surely the concrete urbanisl of the Barbican would frighten | :25:34. | :25:36. | |
Well, not one retired couple from Suffolk. | :25:37. | :25:41. | |
We bought a very nice house in Ipswich on the Shortly peninsula. | :25:42. | :25:48. | |
I was still working so we brought a one bedroom flat in the B`rbican. | :25:49. | :25:53. | |
We had a period when we had this flat in London and we had | :25:54. | :25:56. | |
a very nice house with a lovely garden in Suffolk, but our intention | :25:57. | :26:00. | |
is that as we get older the Barbican is going to be where we are going | :26:01. | :26:05. | |
Where we are in the Barbican, if you put a line round | :26:06. | :26:14. | |
a 40 minute walk, you can cover most places that you want to go. | :26:15. | :26:19. | |
One tends to walk much more extensively in London. | :26:20. | :26:22. | |
You go up and down escalators if you're using London underground. | :26:23. | :26:26. | |
In the country one is very much more car borne, | :26:27. | :26:30. | |
and I think if you're activd in this way, this is good for your health. | :26:31. | :26:38. | |
As one gets older, one's br`in needs a good stimulus in order to avoid | :26:39. | :26:43. | |
some of these rather nasty conditions that one seems to get | :26:44. | :26:47. | |
in old age, and I think living in the country, no matter how | :26:48. | :26:50. | |
attractive it is, one doesn't get that level of stimulation. | :26:51. | :26:54. | |
We love music, we love art, we love the culture, | :26:55. | :26:58. | |
So it seems that London has a whole new set of modern day Samuel | :26:59. | :27:05. | |
Why sir, you will find no m`n at all intellectual who is willing | :27:06. | :27:14. | |
When a man is tired of London, he is tired of life, for thdre is | :27:15. | :27:20. | |
I wonder if he was thinking of pensioners when he wrote that. | :27:21. | :27:33. | |
I don't think I'm ready to give up on my dream a little cottagd at | :27:34. | :27:50. | |
We go undercover to expose the gangs organising fake gay | :27:51. | :27:52. | |
I just wanted to have a chat about the Majesty have been arranging | :27:53. | :28:07. | |
People have been prosecuted and convicted of organising sham | :28:08. | :28:08. | |
marriages who have made millions. We discover how eye donations are | :28:09. | :28:13. | |
giving patients a new lease of life. And we join the underwater | :28:14. | :28:17. | |
archaeologists unlocking thd secrets It is probably the most important | :28:18. | :28:33. | |
post`mediaeval shipwreck site in England. It is like the Mary Rose of | :28:34. | :28:35. | |
England. It is like the Marx Rose of the Thames Street. | :28:36. | :28:37. | |
And that's it for this week's Inside Out London. | :28:38. | :28:40. | |
Don't forget, if you missed any of tonight's programme | :28:41. | :28:42. | |
and want to catch up on iPlayer, or you want some more info on pensions, | :28:43. | :28:45. | |
Thanks very much for watching, I'll see you again next week. | :28:46. | :29:02. | |
Hello, I'm Ellie Crisell with your 90 second update. | :29:03. | :29:05. | |
There's no return if you decide to leave the TK. | :29:06. | :29:07. | |
David Cameron's message to Scotland ahead of this week's vote over | :29:08. | :29:10. | |
The Yes campaign's Alex Salmond has branded claims that prices | :29:11. | :29:14. | |
Two British tourists have bden murdered on a beach in Thailand. | :29:15. | :29:20. | |
Police said 24`year`old David Miller and Hannah Witheridge, who's 23 | :29:21. | :29:24. | |
He's the child cancer specialist who's admitted abusing young boys | :29:25. | :29:30. | |
Dr Myles Bradbury worked at Addenbrookes in Cambridgd. | :29:31. | :29:34. | |
He pleaded guilty to 25 sexual offences. | :29:35. | :29:37. | |
It's because the company can't afford to keep | :29:38. | :29:49. | |
He began his celebrations at the closing ceremony | :29:50. | :29:52. |