Drawdown savers risk running out of pension income

Less than half of people using income drawdown to access their pension pot have a high chance of that income lasting them for the rest of their life, analysis by Royal London has shown. Data from Royal London's drawdown governance service shows that 47% of drawdown...

2 in 3 parents have made no provision for children

Most parents have made no legal provision to determine who would look after their children if they were to pass away, according to research. A study of 2,002 adults by Direct Line Life Insurance found that 65% of parents had not made any legal arrangements for this...

Wage growth rises in Q3 2018

UK wage growth increased at the highest rate since 2008 in the three months to September 2018, according to data from the Office for National Statistics (ONS). Excluding bonuses, average weekly earnings grew by 3.2% in Q3 2018 compared with the same period in 2017....

Cost of moving rises above £10,000

Homebuyers need to cover more than £10,000 on top of their deposit to move house, a study by Post Office Money and the Centre for Economics and Business Research has revealed. The most significant costs making up this figure are estate agent fees, at an average of...

AIA rise ‘may bring only complexity’ for SMEs

Increasing the annual investment allowance (AIA) to £1 million will not help most small businesses, and may even be harmful for them, the Association of Taxation Technicians (ATT) has said. In Budget 2018, the AIA was temporarily increased from £200,000 to £1m over...