Are you heading for a ‘Toblerone Retirement’?

Are you heading for a ‘Toblerone Retirement’?New research has shone a light on our changing retirement habits, as we struggle with the twin effects of inflation and ‘skrinkflation’. Figures from pension provider, Retirement Advantage, show that: The days of the ‘cliff edge’ retirement, where one day we worked, and the next we didn’t, are long gone for many, with 52% of people age over 50 planning to work part-time in retirement That’s an 11% increase over recent years 30% of people are worried about the cost of living in retirement, whilst ...

Is deflation good or bad for your money?

Is deflation good or bad for your money?For the first time since Harold Macmillan was Prime Minister Inflation, as measured by the Consumer Prices Index (CPI), turned negative last month. But what does it mean for your savings, pensions and investments, we have the answers. But, first things first though, exactly what has happened? To put is simply, the CPI (usually) measures that rate at which prices are rising. It does this by comparing a ‘basket’ of goods and services from one month to the next and reporting the change. For the first ...

New inflation figures push up State Pension and ISA contribution limits

iStock_000003037994_ExtraSmallAlthough the main measure of inflation remained unchanged in September, the figure is still significant for millions of people who are drawing a State Pension or contribute to an ISA (Individual Savings Account). According to the Office for National Statistics (ONS), the Consumer Prices Index (CPI) measure of inflation remained unchanged at 2.7% in September. Despite CPI remaining unchanged, the Retail Prices Index (RPI), an alternative measure of inflation, fell slightly from 3.3% to 3.2% in September....

Inflation: Misery for savers as no fixed rate bonds beat inflation

iStock_000001293543_ExtraSmallThe news yesterday that the rate of inflation rose in May heaped more misery on struggling savers, most of whom will now find it impossible to get a real return on their savings. Figures from the Office for National Statistics (ONS), show the Consumer Prices Index (CPI) rose to 2.7% in May, up from 2.4% in April. The rise was in line with predictions from experts, with the Bank of England also suggesting that inflation could hit 3% before the end ...