Cashflow crisis – Half of adults need help managing money

Almost half of UK retirees fear they will eventually run out of money, with many relying on receiving an inheritance or downsizing to top up their pensions. A study revealed that a quarter of retirees plan to top up their retirement fund with an inheritance from a...

Pensions providers must give a stronger nudge to guidance

Anyone who accesses their pension for the first time will be directed to independent guidance from Pension Wise, the regulator has said. From 1 June 2022, the Financial Conduct Authority (FCA) will require pension providers to nudge savers to the government’s advice...

Housing supply chain crisis

The supply chain crisis is seeping into almost every corner of life in the UK, with prospective homeowners likely to be affected by delays to new homes. A drop in the number of new homes being built could lead to even further trouble for first-time buyers in 2022, as...

UK house prices hit record in November

UK house prices hit a record in November, with values over the past three months rising at their fastest pace for 15 years, according to mortgage lender Halifax. The average price of a home stood at £272,992 after gaining 3.4% in the quarter through November, the...

Inflation to expected to exceed 5% by spring

The Bank of England’s monetary policy chief has said inflation is likely to soar “comfortably” above 5% next spring when the energy regulator Ofgem raises a price cap affecting millions of households. Record high levels of vacancies are also likely to persist for...

Why the capital cycle matters so much?

The last few weeks have been volatile, they say, but economies are still growing nicely. Household savings are high, unemployment is low and both those things bode well for consumption in 2022, as does the shift in favour of fiscal policy by governments. Supply chain...