Is now the right time to link your savings to inflation?

Is now the right time to link your savings to inflation?Savers are still putting millions of pounds into inflation linked savings accounts, but with last month’s fall in the rate of inflation and predictions from the Bank of England that it will fall further, possibly below their 2% target, is now the time to link your savings to inflation? The inflation problem We all know what a toxic combination high inflation and low interest rates can be. Last month the Consumer Prices Index ...

9 SIPP mistakes to avoid

9 SIPP mistakes to avoidAre you thinking of using a SIPP? Perhaps you are already investing in a SIPP. Read on to discover the most common mistakes made by SIPP investors and how to avoid them. 1. Focusing too much on charges In these difficult times we all want things to be as cheap as possible, why pay more than you have to? But when it comes to a SIPP focusing solely on charges is wrong, it shouldn’t even be the first thing you look at; start filtering the vast ...

Autumn Statement: Are you a winner or loser?

The Autumn Statement: Are you a winner or loser?George Osborne gave his Autumn Statement yesterday, laying out the state of the nation’s finances and his spending plans for the coming months and years. To say the message was gloomy is an understatement, it is clear that the economic downturn will affect Britain for much longer than had originally been predicted and that any recovery will be a slow and painful process. How bad is the economic outlook? Are you a winner or a loser ...

Auto enrolment delayed

Auto enrolment plans delayedThe Department for Work and Pensions (DWP) has confirmed this afternoon that the dates by which smaller companies will have to automatically enrol their employees into work place pensions will be pushed back. Original auto enrolment plans Under the original auto enrolment plans companies with less than 50 employees would have had to start automatically enrolling employees into workplace pension schemes from April 2014, this has now been pushed back to May 2015, beyond the end of the current parliament. When fully implemented the plans will see ...