Cost of raising a child hits £227,266

moneyNew research has shown the cost of raising a child has risen by nearly £5,000 over the past 12 months. According to insurer LV=, it now costs £227,266 to bring up a child from birth, until they reach the age of 21. The key findings of the LV= ‘Cost of a Child’ report include: Our advisers can help you make the right ...

Inflation: Savers struggle as inflation rate remains unchanged

Savers struggle as inflation rate remains unchangedFigures from the Office for National Statistics (ONS), released yesterday, showed that the Consumer Prices Index (CPI) remained unchanged in January at 2.7%. The ONS reported that rises in the price of alcohol and tobacco were offset by decreases in the cost of clothing and footwear. It was the fourth month in a row that CPI has remained unchanged, the longest period without an increase or decrease since 1996; however the Retail Prices Index (RPI) which ...

SIPPs: Why are interest rates on SIPP deposit accounts falling?

The interest rates on SIPP deposit accounts have been falling for a few weeks now, although the downward trend has gathered momentum over the past few days. We all know that Bank of England base rate has been stuck at 0.5% for over three years now, but just what is causing the recent reductions in SIPP deposit account interest rates? Swap rates Need advice on your SIPP?...