7 tips to stop inflation attacking your finances

The latest inflation figures saw a sharp rise in the rate at which prices are rising. Inflation is hugely dangerous to our income and savings, even relatively low levels can be hugely destructive, eating away at capital and reducing the buying power of our wages or pensions. The Bank of England has the job of trying to keep inflation under control, although for some years now they have struggled to keep it at the 2% target set by the government. Indeed many economists believe a combination of rising food and energy prices, along with the effects of Quantitative Easing, could mean inflation ...

Pensions: “I want to transfer my final salary scheme”. Really? Are you sure?

Over the past couple of weeks we’ve seen an increase in the number of people calling us to enquire about transferring their Final Salary pension into a SIPP (Self Invested Personal Pension). Whilst there seems to be no particular reason for the increase in this type of enquiry, it did get us thinking. Why would someone want to transfer their Final Salary pension into a SIPP? Is there any benefit to doing so? Why do some people place so little value on their Final Salary pension? “My pension is doing nothing”...