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....

Automatic Enrolment: Are you being automatically enrolled soon? Don’t fall in the complacency trap

Automatic Enrolment: Are you being automatically enrolled soon? Don’t fall in the complacency trapOver the coming years many more employees will find themselves contributing to a workplace pension. Our advisers can help you make the right decisions Auto Contact our team of advisers today: 0115 933 8433 info@investmentsense.co.uk Online enquiry form Your employer might ...

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: Rate of inflation falls slightly

Inflation AugustNew figures have shown the rate of inflation in the UK fell slightly last month. Data released today, by the Office for National Statistics (ONS), shows the Consumer Prices Index (CPI) fell from 2.9% in June to 2.8% in July, as the cost of air fares, clothing and leisure goods fell. The Retail Prices Index (RPI), which is used to calculate rises in rail fairs, state benefits, National Savings & Investments Index Linked bonds as well as many pensions, also fell, from 3.3% in June ...