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Divorcees face reduced retirement income

Divorcees planning to retire in 2015 can expect to have an average of £2,100 less a year from their expected retirement income than those that stay married, research by Prudential suggests.

The survey of more than 1,000 people retiring in 2015 found that more than a third (35%) have been through a divorce. The average retirement income expected by divorcees is £15,700, while the average...

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Employers see benefits of corporate volunteering

Half of all employers allow their staff to participate in voluntary activities in order to develop their skills, according to a report by the Chartered Institute of Skills and Development (CIPD).

The research into corporate volunteering shows that 50% of all employers allow their employees to volunteer during working hours. Of these, 27% offer paid voluntary work and 23% offer unpaid...

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Household bills continue to rise above inflation

Household bills have risen by more than double the rate of inflation over the past decade, according to research by Santander.

The average prices of gas, water, electricity, council tax, TV and broadband have risen 81% in the past decade. In comparison, inflation as measured by the retail prices index has risen 37% during the same period.

The average UK household will spend...

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Inflation rate remains at zero in March

The UK inflation rate remained at 0% in March 2015, according to official figures.

Data from the Office for National Statistics (ONS) shows that overall prices did not grow at all for the second consecutive month.

The ONS said that falls in fuel and clothing prices helped to keep the consumer prices index (CPI) at zero.

This is the lowest recorded CPI rate since the...

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Pensioners at risk from scammers

Fraudulent pension schemes, employer impersonation and fake financial advice are some of the tactics used to defraud pensioners, according to Citizens Advice.

The report consolidates 150 different cases of pensioners being convinced to give up some or all of their pension pot, and identifies the 5 most common scams being used:

  1. Moving savings
  2. ...

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