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Rising inflation could halve £1m pension pot

Posted on 15 December, 2016

With inflation predicted to rise above its long term average rate in 2017, Investec Wealth & Investment is warning pension savers against overestimating the buying power of their future retirement pot. Its research shows that half (49%) of pre-retirement pension savers aged 35 to 54 think that a pension pot of £1 million – the […]

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Inflation rises to two-year high of 1.2%

Posted on 13 December, 2016

The Consumer Prices Index rose by 1.2% in the year to November 2016, following a surprise fall to 0.9% in October, according to the latest ONS statistics. The rate in November was the highest since October 2014, when it was 1.3%. Rises in the prices of clothing, motor fuels and a variety of recreational and […]

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BoE plans to restore FSCS deposit protection limit to £85,000

Posted on 07 December, 2016

The Bank of England’s PRA is consulting on plans to restore the limit of protection provided by the FSCS to depositors of PRA-authorised firms from £75,000 to £85,000 on 30 January 2017. Firms would have until 30 June 2017 to implement the necessary changes to systems and materials. The PRA says restoring the limit to […]

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