Pension annuity deals criticised by financial watchdog
The Financial Services Consumer Panel has published the findings of its research into the consumer experience of purchasing an annuity, which shows that the market does not work well for the majority of consumers.
One of the main concerns …
NS&I cuts ISA rate
National Savings and Investments (NS&I) is to reduce the interest rate on its Direct ISA by 0.25% to 1.50% AER with effect from 27 February 2014.
NS&I is one of the largest savings organisations in the UK, with over 25 …
US jobless rate falls to 5-year low
Data from the US Labor Department shows, the US unemployment rate has fallen to a five year low of 7% in November 2013.
Farrell Financial Planning are independent financial advisers based in Glasgow, Scotland. Farrell Financial Planning offer independent financial …
Bank of England holds interest rates at 0.5%
The Bank of England has yet again kept UK interest rates at 0.5%. This rate has been in force since March 2009.
Farrell Financial Planning does not give advice on future inflation movements. Farrell Financial Planning are independent financial advisers …
State pension age to increase to 69
State pension age is set to increase to 68 in the mid-2030s and to 69 in the late 2040s.
There are already plans to increase the state pension age gradually from 65 to 67 between 2026 and 2028.
There are …