UK inflation falls again

After a long stretch of economic unease, UK inflation has continued its downward trajectory, with the Consumer Prices Index (CPI) falling to 2.6% in the year to March, according to the latest inflation figures from the Office for National Statistics (ONS). This marks the second consecutive monthly decline and comes in lower than market expectations — a welcome development for households and …

Retirement ProfessionalsUK inflation falls again

Legal & General goes digital for annuity applications

Applications could take 14 fewer days to process Legal & General (L&G) has launched a digital application process for annuity applications which it says could trim a fortnight off the time it takes an average case to complete. The provider said it had launched the digital process with a select number of firms and would roll it out in the …

Retirement ProfessionalsLegal & General goes digital for annuity applications

5.8% wage growth brings personal allowance into focus for pensioners ahead of the Spring Statement

As it stands, from April 2026 people could pay tax on the state pension alone Further inflation-busting state pension rise would feed affordability debate Mike Ambery, Retirement Savings Director at Standard Life, part of Phoenix Group said: “This April the full new state pension will rise to £11,973 per year, 95% of the personal allowance – a welcome boost for …

Retirement Professionals5.8% wage growth brings personal allowance into focus for pensioners ahead of the Spring Statement

Bank of England halts interest rate cuts amid ongoing inflation

As priced in by markets The Bank of England’s (BoE) Monetary Policy Committee (MPC) opted to keep interest rates unchanged at 4.5% in its second meeting of the year. Eight MPC members voted in favour holding the interest rate steady, while Swati Dhingra wanted to reduce the rate by another 0.25 percentage points. Last month, the MPC implemented a quarter …

Retirement ProfessionalsBank of England halts interest rate cuts amid ongoing inflation

Exclusive: M&G re-enters annuity market

The provider exited the annuity market in 2017 but is now selling a fixed-term product to advisers. M&G has re-entered the annuity market eight years after it stopped selling the retirement products, Citywire can reveal. The provider is launching a fixed-term annuity term product (between five to 15 years) for advisers’ clients, with a minimum lump-sum investment of £10,000. The launch …

Retirement ProfessionalsExclusive: M&G re-enters annuity market

Treasury bags £10.3bn in CGT receipts as Budget changes bite

Likely due to lots of people triggering gains ahead of Autumn Budget Capital gains tax (CGT) receipts were £10.3bn in January, latest figures have showed. This takes the year-to-date total to £12.1bn, compared to £12.1bn last year  and £14.4bn in 2022/23 – the all-time high. This has been said to likely due to lots of people triggering gains ahead of …

Retirement ProfessionalsTreasury bags £10.3bn in CGT receipts as Budget changes bite