Equity release to buy Christmas presents? No thank you!

iStock_000011103880XSmallSummer only just seems to have ended, but take a walk around any supermarket and you’ll find aisles stocked with all types of Christmas goodies, from selection boxes to decorations, cakes to presents. Whilst we are growing immune to Christmas starting three months earlier than it used to, we didn’t expect to see one leading national newspaper, as well as a firm of Independent Financial Advisers, both promoting Equity Release as a way of being able to buy Christmas presents for your ...

Rate of inflation creeps up, whilst RPI is downgraded

Rate of inflation creeps up, whilst RPI is downgradedThe latest figures from the Office for National Statistics (ONS) show that inflation crept up in February, pushed higher by rising energy prices. The Consumer Prices Index (CPI) rose to 2.8% in February having been stuck at 2.7% for the past four months. At the same time the Retail Prices Index (RPI), which is no longer being classed as a ‘national statistic’, actually fell slightly from 3.3% in January to 3.2% in February. According to ...

Retirement: Over 21 million people over 50 worse off because of Quantitative Easing

A new report has shown just how hard older generations in the UK have been hit by the economic downturn, and in particular, by the remedies prescribed by the government and the Bank of England. The report commissioned by Saga and carried out by the Centre for Economics and Business Research (CEBR) says that a combination of low interest rates, rising prices and Quantitative Easing (QE) has hit the over 50’s harder than any other group. Lower returns & rising inflation Our ...