Rachel Lacey

NS&I to switch its inflation measure, leaving savers out of pocket

From 1 May, index-linked savings certificates from NS&I will start tracking the Consumer Price Index (CPI) instead of the Retail Price Index (RPI).

With the CPI measure of inflation typically 1% lower than RPI, the move will see some 507,000 savers earn a lower rate of return on their cash.

For example, over the past decade £10,000 in an account that tracked RPI would now be worth £13,113. However, had it tracked the lower CPI it would only be worth £12,500 – a loss of £593, according to figures from Hargreaves Lansdown.

Doctors to sue UK government over pension changes

The changes, which were made in 2015, saw younger doctors transferred on to a less generous pension scheme that will result in “huge financial losses” when they retire, according to the British Medical Association (BMA).

Doctors who were within 10 years of their national pension age on 1 April 2012 were protected from the changes.

Benefit changes could cost UK pensioners thousands a year

The decision will affect couples where one partner has reached state pension age and one hasn't. It will impact when they can start to claim.

Under current rules, married couples are able to transition from working age to pension age benefits as soon as the oldest spouse reaches state pension age.

Final salary pension transfer delays expected after High Court ruling

Final salary scheme members wishing to trade their guaranteed income for cash are being warned to expect delays after a recent legal judgment forced Lloyds to increase benefits for women.

The ruling has forced Lloyds Bank to equalise pension benefits between men and women in a move that is expected to cost the high street bank £150 million.

House prices see smallest ‘autumn bounce’ in eight years as buy-to-let market weakens

The modest 1 per cent rise takes the average asking price for a property in the UK to £307,245, up from £304,061 in September.

Rightmove says that the slowest sector – where prices fell by 0.1 per cent – is properties with two bedrooms or fewer, as activity in the buy-to-let market continues to wane on the back of tax increases that are hitting landlords in the pocket.