Inflation doubles

A surge in oil prices and a rise in household gas and electricity bills pushed UK inflation to 1.5% in April, its highest level since the start of the coronavirus pandemic in March 2020, according to official figures. An increase in the cost of clothing and footwear...

Fresh concerns over cryptocurrencies

Recently we almost saw cryptocurrency’s Black Wednesday. In the space of a few hours, Bitcoin’s price fell by up to 30%, from about $43,000 to around $31,000, before rebounding. As of now, it’s far from its all-time high of more than $63,000, reached just last month,...

What next for the property market?

It is generally regarded as a truism that the UK is embroiled in a love affair with property. This has been put to the test more rigorously than ever before over the past 15 months, with the Covid-19 crisis and sudden implementation of Brexit putting the brakes on...

Hedging with gold

Without question, we’re now seeing a resurgence of above average inflation and commentators believe it will only get worse. Some have been saying for a while that investors should find assets that will protect their portfolio from the ravages of inflation and is...

Good pensions news for gig workers

The Pensions Regulator (TPR) chief executive, Charles Counsell, has urged companies in the gig economy to proactively begin work on enrolling their employees into pension schemes, rather than dealing with the issue on a “case by case basis”. The comments, made as part...

Pensions are now an even better way to avoid inheritance tax

The Supreme Court has ruled that there should be no charge to inheritance tax on a transfer to an individual’s personal pension plan. The case was brought to the Supreme Court when Mrs Rachel Staveley who, before she passed away in 2006, transferred her pension fund...

Multi-jobbers miss out on pensions

People who hold more than one job are at risk of a poorer retirement due to missing out on employer pension contributions. Auto-enrolment was introduced in order to encourage people to save more in their pensions during their working years, due to concerns that we...

No cause for inflation alarm

The governor of the Bank of England on Thursday warned inflation was likely to be “a bit bumpy” this year but insisted there was little reason to panic over the medium term. His comments come shortly after the central bank upgraded its outlook for the U.K. economy....

Mortgage lending breaks new records

Mortgage lending is tracking the hyper-active sales market and in March hits the highest level since records began in April 1993, the Bank of England (BoE) has reported. Its latest Money and Credit report reveals that net mortgage borrowing hit £11.8 billion driven by...

Two in three retirees will run out of money

Two-thirds (66%) of those retiring in 2021 will exhaust their pension savings before they die, according to research by Standard Life Aberdeen. Lockdown and worries over the pandemic and job security have persuaded more people to accelerate their retirement plans...