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: 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 ...

Annuities: How to protect yourself from the three hidden risks of buying an Annuity

iStock_000020571826_ExtraSmallDespite rates falling over the past few years, around 400,000 Annuities are bought each and every year by retirees the length and breadth of the UK. An Annuity is generally perceived to be the lowest risk option for people wanting to turn their pension into an income. But whilst the income it provides is guaranteed, there are risks with buying an Annuity. We thought we’d take a look at three of them and suggest ways to ...

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 ...