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BoE holds bank rate but predicts 2% inflation in six months

Posted on 21 December, 2016

The Bank of England’s Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.25%. However the MPC now expects inflation to rise to the 2% target within six months – quicker than expected – after rising to 1.2% in November. Industry experts now believe that racing inflation figures will put pressure on the […]

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Small firms expect big shift in typical retirement ages over next decade

Posted on 21 December, 2016

The third Interim Report of the 2016 Smaller Firms Pension Survey, conducted by the Association of Consulting Actuaries, has found that over the last two years there has been a big shift in firms’ expectations of the typical retirement age of employees over the next decade or so as State Pension Age is raised. Recent […]

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Is now the time to cash in your final salary pension?

Posted on 19 December, 2016

The millions of people who save into final salary pension schemes have always faced the temptation of transferring their savings to an alternative pension. While final salary or “defined benefit” pensions pay a guaranteed income for life, they are not as flexible as the alternative “defined contribution” plans. Under the latter, you can take multiple […]

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