The long-awaited terms for these bonds have been announced In last March’s Budget, the Chancellor announced that National Savings would launch a new Pensioner Bond with ‘market leading’ rates. He said that for costings purposes, the assumed rates were 2.8% gross fixed for one year and 4.0% gross fixed for three years. However, as the […]

Inflation has reached a 12 year low. Inflation, as measured by the Consumer Prices Index, hit a 12 year low in November 2014 of just 1%, surprising analysts. It has been dropping almost uninterrupted since mid-2013 and is now a long, long way from its 5.2% peak, recorded in September 2011. The Office for National […]

The Taxation of Pensions Bill received Royal Assent just before Parliament upped sticks for the festive season. The second stage of Mr Osborne’s radical revision of money purchase pensions became law on 17 December, the day before Parliament ended business ahead of Christmas. For such a significant piece of legislation, the Taxation of Pensions Act […]