Edmund Greaves

Triple lock kicks in for inflation-busting rise in 2019 state pension

New figures from the Office for National Statistics today revealed that inflation fell from 2.7% in August to 2.4% in September.

The level of the state pension rises every year by the highest of 2.5%, growth in earnings or Consumer Price Index (CPI) inflation. This is thanks to the 'triple lock' guarantee, which has given retirees' incomes a strong boost since it was first introduced.  

Drive away with an Aston Martin, or buy 6,000 shares

The car firm has announced its initial price range for shares for its IPO of between £17.50 and £22.50 – a market value of between £4.02 and £5.07 billion, which would put the firm near the top of the FTSE 250.

In value terms, this would make it comparable in size to Marks & Spencer or Royal Mail.

How will a no-deal Brexit shape personal finances?

The government is set to sit down at the negotiating table with Brussels once again to thrash out a deal for when we exit the EU. But what happens if no deal can be agreed on?

The government has published a series of ‘no deal’ documents, setting out the implications of a no-deal Brexit.

We look at what it says it could mean for our personal finances.

Inflation hits six-month high as households feel the squeeze

The Consumer Price Index (CPI) measure of inflation rose by 2.7 per cent year on year in August, up from 2.5 per cent in July. The alternative CPIH, which includes housing costs, rose from 2.3 per cent to 2.4 per cent, the latest data from the Office for National Statistics (ONS) show.

The rise in prices means that there are nearly no savings accounts that beat inflation. This means that the value of almost all savings languishing in savings accounts are being slowly eroded.  

Number of over-65s in work doubles in 12 years

The latest figures from the Office for National Statistics (ONS) reveal the huge growth in over-65s in work in the last 12 years. Since January 2006 the number of workers over the age of 65 has doubled from 607,000 to 1.26 million.

Helen Morrissey, pensions specialist at Royal London, says: ‘Today’s statistics show the phenomenal rate of growth in the number of people aged over 65 still in employment.

Pensions dashboard run by industry gets green light from government

Pension savers will be pleased to hear that the government has finally committed to the so-called pensions dashboard.

This is a technological initiative to allow pension savers to see all of their savings pots in one place. State pension entitlement data was set to form the cornerstone of the pensions dashboard.

US stock market sets record bull run

Today marks a milestone for the S&P 500 index: it has been in a bull market for 3,543 days. This means the market has avoided a fall of 20 per cent or more for almost a decade. 

The US stock market is now in the longest bull run in history, surpassing the previous record that was set between October 1990 and the bursting of the tech bubble in March 2000.