Inflation: ‘”Two out of three ain’t bad”, welcome news for savers as inflation falls to new low

Inflation: ‘”Two out of three ain’t bad”, welcome news for savers as inflation falls to new lowIt’s not often you get to quote Meatloaf in an article about inflation and savings but today we’ll make an exception. Over the past few years savers have been hit hard from three sides: 1. High inflation, which was eroding the value of capital, with interest rates higher than the rate of price increase 2. Low interest rates, pushed down by the ...

Retirement: Pensioners consider taking in lodgers to help make ends meet

Retirement savingsA new survey has shown that 1 in 7 pensioners, over the age of 65, are thinking about taking in a lodger to help make ends meet. The survey by More Th>n Home Insurance highlighted just how financially stretched some pensioners are: Retiring soon? Our advisers can help you make the right decision...

Inflation: Good news for savers as inflation hits 2% target?

Inflation DecFigures released yesterday show that inflation finally hit the Government’s 2% target of in December, but is this good or bad news for savers? According to data released by the Office for National Statistics (ONS), inflation, as measured by the Consumer Prices Index (CPI), fell to 2% in December, down from 2.1% in November. It is the first time the Bank of England, the organisation tasked with keeping inflation at the 2% target, has been able to do so since November 2009....

Retirement: Cameron vows to protect the State Pension triple lock

OLYMPUS DIGITAL CAMERADavid Cameron has vowed to protect the value of the State Pension if he returns to power after the general election in May 2015. The so-called ‘triple lock’, introduced by the coalition government, guarantees that the State Pension will rise each year in line with earnings, inflation, measured by the Consumer Prices Index (CPI) or 2.5%, whichever is higher. Speaking on Sunday Mr Cameron has promised to keep the ‘triple lock’ in place until at least 2020 if he is ...