Why should public sector pensions enjoy protection denied to millions of...
Public sector unions claim last April’s switch to a lower level of inflation protection is the “biggest robbery of pensions ever seen” but millions of other pensioners may ask why those on the public...
View Article95pc of private sector pensions have no inflation protection at all
Fewer than 5pc of savers who buy an annuity can afford any inflation protection for their pensions, experts point out, compared to 100pc indexation in the public sector. Attempts to cut the cost of...
View ArticleHow does the Autumn Statement 2011 affect me?
Everyone born after 1960 will have to work longer before receiving their State pension, as result of changes announced in the Autumn Statement. But the increase in State pension age to 67 will not...
View ArticlePension deficits soar by 33pc as Nick Clegg proposes to punish savers
Pension fund deficits – or the difference between the promises they have issued to members and the assets they have available to pay for them – ballooned by a third last month as the shortfall soared...
View ArticleInflation ‘falls’ while the cost of living continues to rise: which planet...
Today’s inflation figures will prompt many readers who must pay their way in the real world to wonder which planet the economists are on. We are asked to believe that inflation has ‘fallen’ to 3.6pc,...
View ArticleBritain becomes a nation of debt slaves as regulation and inflation deter saving
Now that interest on debts absorbs nearly a quarter of British households’ net income, according to the Consumer Credit Counselling Service (CCCS), many families are discovering how cruel a taskmaster...
View ArticleMillions of public sector pensioners lose fight to escape an equality of misery
Public sector pensioners are entitled to resent today’s ruling by the Court of Appeal because it will almost certainly reduce the real value or purchasing power of their pensions in retirement. The...
View ArticleDon't worry too much about rising inflation – yet
Inflation is back, but don’t worry. Not yet, at least. This morning’s official reading of the consumer prices index rose from 2.4pc in June to 2.6pc in July – taking nearly everyone by surprise,...
View ArticleGood news about inflation for private sector pension savers
Good news about private sector pensions. Yes, those words really can go together. Fears that their inflation protection was about to be watered down have proved ill-founded, as a report from the...
View ArticleInflation: why CPI might as well stand for Cutting Pensions Index
Inflation figures today demonstrate how important it is that millions of pensions remain linked to the Retail Prices Index (RPI) – despite the worst efforts of the Government. They also show why its...
View ArticleNew fears about inflation as RPI is quietly downgraded
New fears about inflation and how official statistics may understate the rate at which the real value or purchasing power of money is being eroded are raised by the United Kingdom Statistics...
View ArticleHow millions of current accountholders subsidise bankers’ bonuses
Banker-bashing may be all the rage if you believe what people say but actions speak louder than words. New research suggests nearly half of all current account holders are happy to let banks have the...
View ArticleAre we facing deflation? Let's not get carried away
Could the whole world be moving into deflationary mode? At a time of near-double-digit increases in energy bills, this might seem a rather hard case to argue, yet the fact of the matter is that even in...
View ArticleFalling inflation is welcome – but can't be used as an excuse for keeping...
Mark Carney may be Canadian, but he seems to possess all the luck of his Irish ancestry. No sooner had he arrived as Governor of the Bank of England than growth came roaring back. Now even inflation...
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