Hidden pension fees can cost £37k

Half of pension contributors are unaware of annual fees diminishing their retirement savings. Half of those who know about these charges don't know the amount, and 73% don't know how to find out. Only 32% of people think they know their charges, while 18% know the...

Bank rate remains unchanged at 5.25%

With 2023 drawing to a close, the Bank of England's Monetary Policy Committee (MPC) has voted to maintain the base rate at 5.25% by a majority of 6-3. Yesterday's (14 December) decision marks the third time in a row that the Bank's base rate has stayed at this level,...

HMRC calls for evidence on pension fund clearing exemption

In response to growing concerns and evolving financial landscapes, HMRC has called for evidence regarding the pension fund clearing exemption. The move signals a proactive approach by the Government to assess the effectiveness and implications of current policies...