Inflation proof your pension

Those approaching retirement should consider protecting their income from inflation after the cost of living index jumped to its highest level since November 2018.  The official rate of inflation hit 2.1% in May 2021, up from 0.7% in February.  The rate is expected to stay close to or above the Bank of England’s target rate of 2% until at least 2024, according to forecasts by the Bank’s monetary policy committee.

£2m lost to pension fraud so far this year

Did you know that Action Fraud, the UK national reporting centre for fraud, is warning savers to remain vigilant and protect their pensions, as research showed £1.8m has already been lost to pension fraud in 2021? Action Fraud has just launched a national awareness campaign to remind the public about the importance of conducting research before making changes to pension arrangements.