The UK economy beat forecasts to grow by 0.4% in Q3, according to the latest figures from the Office for National Statistics (ONS), further increasing the likelihood of a Bank of England interest rate rise next Thursday.
Output for the three months to September was higher than the expected 0.3%, which was reported in both Q1 and Q2. Services and manufacturing did well during the quarter, up by 0.4% and 1% respectively....
The onset of the pandemic dented asset valuations but it will take time to understand the true cost for defined benefit (DB) schemes.
More than 240,600 savers have lost an estimated £14.6bn of pension savings to fraudsters, but a further £2.5trn remains potentially accessible to criminals, The People’s Pension (TPP) says.
Another week-on-week increase in the number of deaths with Covid-19 mentioned on the death certificate has brought total excess deaths since the beginning of the second wave to 5,000.
Smart has launched a retirement product in a bid to help guide members and bridge the advice gap.