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UK inflation unchanged at 2.8% in March

The consumer prices index has remained unchanged at 2.8 per cent in March, according to figures from the Office for National Statistics.

The largest upward contribution came from the recreation and culture sector where there were price rises for audio-visual equipment and books, newspapers and stationary.

The largest downward contributions came from furniture & furnishings, motor fuels and meat.

RPI rose from 3.2 per cent to 3.3 per cent in March.

The Bank of England said it expects inflation to exceed 3 per cent later this year.



Time for Friends Life to reveal all

In recent weeks it has been great to see most of the income protection insurers who had previously refused to publish their claims statistics decide it was time to do so. Starting with Zurich in early march, Aegon later that month and Scot Prov/Bright Grey this week, firms have finally realised that, despite the complexities involved, […]

Nationwide plans £500m bond to boost capital

Britain’s biggest building society Nationwide is looking to raise up to £500m in order to boost its capital. The Sunday Times reports the mutual could launch the fundraising as early as this summer, depending on market conditions. The newspaper says although Nationwide is well-capitalised under current measures, it is exposed to new rules from the […]

Salary satisfaction is a case of who you are

The last few years have seen a general wage freeze with the stubbornly under-performing economy taking most of the blame, however, it seems that despite George Osborne’s claims, we are not all in this together. Despite the lean few years and salaries for employees being depressed, it seems that senior executives and company directors have […]

Hornbuckle sells 60% stake to private investors

Sipp provider Hornbuckle Mitchell has sold 60 per cent of the business to two private investors. The move sees a number of small shareholders bought out while all current Hornbuckle executive directors will retain their current shareholdings. Following their investments, new single largest shareholder Richard Wohanka becomes non-executive chairman and Phil Smith becomes chief executive. […]

Tapering of annual allowance – adjusted and threshold income

The definitions of adjusted income and threshold income used to determine whether, and to what extent, someone’s annual allowance will be reduced can be confusing.  Here we try to make sense of it all. The annual allowance will be reduced for high income individuals from 6 April 2016.  Our previous article Tapering of annual allowance […]


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