Question marks over pension protection fund rules

The Pension Protection Fund (PPF) is at a really interesting juncture in how its funding strategy will evolve now that it is currently undertaking a stakeholder engagement programme to support its ongoing strategy review. The PPF previously reported a probability of...

State pension could rise by £1,000 next year

Anyone who claims a State Pension could receive an extra £1,000 to their pension pot next April. It comes after the rate of inflation shot up, and the UK Government promised to reinstate the “triple lock”. The triple lock ties the State Pension to increase by either...

Interest rates to rise higher?

The Bank of England’s chief economist has admitted that the central bank faces its toughest challenge since independence in 1997 and signalled that interest rates need to rise further. Speaking in Cardiff, Huw Pill said that inflation’s surge to a 40-year high of 9%...

House prices at risk

House prices are at risk as spending power is set to take a big hit, the boss of Nationwide Building Society has warned. Joe Garner said higher prices and interest rates, together with steep rises in the cost of living, mean buying a home will be tougher. He believes...

How to avoid inheritance tax in 2022

The average UK house is only £50,000 short of the threshold, and the Office for National Statistics doesn’t see this trend reversing. It predicts that by 2026-27, inheritance tax will raise £7.6bn a year. So it’s a good time to revisit the ways to reduce the burden –...

The global food crisis

The Bank of England governor warned last week of ‘apocalyptic’ food price rises. Yet war in Ukraine, climate change and inflation are already taking their toll all over the world. The cost of living is a problem in Britain. For UN agencies and humanitarian relief...

Global dividend outlook remains uncertain

Global dividends set a new Q1 record this year, with all regions experiencing double digit growth, the latest Janus Henderson Global Dividend Index revealed. The quarterly study found global dividends surged by 11% in the first four months of the year, hitting...

Taxman to take £6bn from pensioners

Pension savers are set to lose out on billions of pounds through a hefty tax, as a key allowance on saving has been frozen. While pension saving can be useful for retirement, there are rules, such as the Lifetime Allowance, people will need to bear in mind. This...