Edmund Greaves

Pension cold-calling to be banned from January

From 9 January, it will be against the law for firms or individuals to call people about pensions out of the blue.

However, it is unlikely that pension cold calls will stop entirely as many fraudsters are based overseas.

Santander fined £32.8 million for failing to pass on inheritances to bereaved families

The Financial Conduct Authority (FCA) fined the bank £32.8 million after it found the firm failed in its duty to the relatives of deceased customers.

According to the FCA, more than 40,000 customers were directly affected, and the bank failed to transfer £183 million in funds entitled to beneficiaries.

The FCA says that it found the bank failed to disclose information relating to problems with the probate and bereavement process to the regulator after it became aware.

Ambitious for a home of your own? Property-owning parents are key

The think tank has published figures that demonstrate that parental property wealth is now a key indicator as to whether a young person will be able to get on the property ladder.

In the mid 1990s and early years of the millennium, twice as many 30-year-olds with property-owning parents had their own property compared with 30-year-olds whose parents did not own property.

UK workers get best pay rise in a decade

Wage growth excluding bonuses for the three months to September is now 3.2%, or 3% including bonuses.

This exceeds the acceleration seen in October of 3.1%, suggesting pay growth is on an upward trend.

Budget 2018: What does it mean for your wallet?

26-30 Railcard

A new 26-30 year-old railcard will be made available by the end of 2018. The chancellor says that it will save up to 4.4 million young people a third on their rail fares.

50p 'Brexit' coin

A special 50p coin to commemorate Britain leaving the EU will be issued next year. 

Air passenger duty

Short-haul air passenger duty is frozen for the eighth year in a row. Long-haul duty will rise in line with inflation.

Gender pension gap: men have pension pots five times bigger than women

The divide starts early in life, with 37% of women aged 18-24 feeling confident managing their money, in comparison to 48% of men, the report from the Chartered Insurance Institute (CII) reveals. 

Furthermore, at the start of their careers the research found that just 8% of women saw contributing to a pension as their highest priority.

Budget 2018: seven things to look out for

Philip Hammond, the chancellor, uses the annual event to reveal some of the ways in which he intends to spend the money that has been collected from us in taxes, and how he plans to collect more taxes next year. 

The decisions that he makes will have a real impact on our everyday lives; how much we pay at the petrol pumps, how much we have to retire on, whether we can afford to buy a home, how much we can afford to save. 

We will not know for sure what he plans to do until Hammond stands up at and addresses the House of Commons at 3.30pm that day.