'Pensions aren't immune': Inflation's 30-year high means pension value will be 'much less'

  • 📰 Daily Express
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 68%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

Pensions will be worth 'much less' in stark warning to retirees - they 'aren't immune'

If you are drawing out money from your pensions, how may you be affected and how can you mitigate any negative repercussions arising from increased inflation?

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 26. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

State pension age 'should be raised to 70' to save Government from funding crisisThe state pension age must rise much faster than currently planned and millions of workers should be forced to wait longer until retirement, according to a stark new think tank report Good idea. And how about compulsory euthanasia at 75, apart from politicians, who will be allowed to drink themselves to death?
Source: The Telegraph - 🏆 41. / 63 Read more »

UK inflation hits near 30-year high as food prices surgeThe ONS said inflation was pushed higher by food and non-alcoholic drinks prices last month
Source: InYourArea_UK - 🏆 114. / 51 Read more »

UK inflation hits 30-year high as food costs biteInflation has risen to its highest level in nearly three decades because of a spike in the cost of a range of goods and services, from food and energy bills to furniture and clothes. I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent SamAndCoTradin guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work Who would have thought our legacy system which allows the printing of unlimited currency to benefit the rich would cause this. Maybe bitcoin an open decentralised digital property that can be purchased on a cheap cellphone with an internet connection is the solution Hyper inflation is mostly the result of constant droning on on Net Zero EG, at COP26, and the hatred of oil and gas companies without truly understanding the need for and dependency on carbon based energy sources around the world. Net zero Politicians are socially irresponsible.
Source: The Times - 🏆 71. / 59 Read more »

Cost of living soars to highest point in 30 years as inflation hits 5.4%Official figures show that inflation rose to 5.4% last month - the highest rate since March 1992. Due to supply shortages because workers have to stay home due to being ill from Omicron. It’s ok everyone! Nadine says she will sort the license fee so we’ll weather the storm 🙈 How do I go viral so that I can sell my book to only a few people in a pool of 290million. If you like short stories and can spare a little bit then help me out. I can't ask you to help me if I can't offer you something(my story) . Check out my pinned tweet if you can help😇
Source: MetroUK - 🏆 13. / 82 Read more »

'In the interests of the Labour party?' Madeley probes Ashworth on bid to depose BorisRICHARD MADELEY probed the Shadow Secretary of State for Work and Pensions Jonathan Ashworth on whether Labour could overthrow Boris Johnson during a debate on Good Morning Britain. Ashworth Those breaking the rules should face the consequences. However when the Leicester City Mayor ( Labour) broke lockdown rules on a number of occasions during the first one, the silence from Ashworth and his fellow Leicester Labour MPs was deafening.
Source: Daily Express - 🏆 26. / 68 Read more »

UK inflation hits near-three-decade high rising to 5.4%Cost of living crisis worsens, piling pressure on Bank of England to raise interest rates again Signs 🪞🪞🪞 Sunak said that the government is listening to the people. He must think that we are all idiots! Parties covid doesn’t topple governments but the cost of living increases do especially if you raise taxes in April and it hit pensioners because you supposedly paused the triple lock but if inflation keeps rising will they bring it back?
Source: Guardian news - 🏆 28. / 68 Read more »