Inflation eats your lunch… and supper too

Inflation eats your lunch… and supper too

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Pension scams claim more victims

A rising tide of pension scams is an unwelcome consequence of the ‘pension freedoms’ introduced in 2015. Because people can now get access to their whole pension fund if they wish once they reach age 55, it is worth fraudsters’ while to try and persuade them to transfer this money to dodgy investment schemes. Such frauds, where victims have lost all the money they had in their pension fund, are reported in the Press almost every week. Mostly, they involve investment in schemes or companies that transfer your money to the fraudsters.

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Posted by Jim Bloodworth

Posted 13 Feb 2018 in Investing Your Money, Saving for Retirement

Anger over mounting care crisis

Almost any day some news programme or newspaper carries an item about the crisis in care. NHS chiefs complain about bed-blocking by patients who cannot be discharged because social services cannot find accommodation for them. Care homes teeter on the verge of bankruptcy because the rate local authorities pay them is barely enough and costs have risen due to the Minimum Living Wage.  Local authorities’ increasingly desperate pleas for more money from the government have had no response.

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