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The Latest Breaking News from Hargreaves Lansdown

‘Sigh of relief’ for pensioners as triple lock is confirmed for next April

Chancellor Jeremy Hunt confirmed that the state pension will be uprated in line with inflation at 10.1% from April 2023.

The Independent UK

Everything you need to do NOW to protect your money ahead of Autumn Statement

The Autumn Statement is set to confirm about £21billion of tax rises and £33billion of public spending cuts a year by 2027/28, to try and fill the £54billion black hole

Daily Mirror

Revealed: UK local councils deposit taxpayers’ cash in Qatar state bank

Town halls and finance firms say they support LGBT rights but send money to World Cup host where homosexuality is illegal

The Guardian - UK

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Pension death benefits could go to the wrong person if crucial detail is not checked and updated

Not updating your pension details could lead to someone you no longer have contact with getting money.

Daily Record

Households ‘face double whammy of soaring interest rates and sky-high inflation’

A ‘toxic mix’ of high prices, falling real incomes, and soaring borrowing costs is battering household finances, experts said.

The Independent UK

£26.6bn sitting in 3m lost pension pots - how to check if any of the money is yours

The average amount in lost pensions is just over £9,400 per person.

Daily Record

Adam Norris: e-scooters to be legalised in 'next 12 months'

The millionaire businessman spoke to BusinessLive about his latest venture Pure Electric, how his global ambition was constrained at Hargreaves Lansdown and passing on his hard work ethic to Formula One driver son Lando

Birmingham Post

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UK asset managers warn of tough times as investors pull or divert cash

Firms such as Jupiter and Schroders suffer net outflows as inflation, economic uncertainty and Ukraine war weigh on investors

The Guardian - UK

UK inflation back at 40-year high as households struggle

Inflation in the UK has spiked back to its 40-year high of 10.1% as households and businesses continue to struggle with soaring food and energy prices. The data come "despite the Bank of England trying to turn down the heat on this bubbling pot of prices", says Susannah Streeter, Senior…

France 24

Pensions set for bumper increase after Truss says triple lock is being protected

Prime Minister Liz Truss insisted ‘we are protecting the triple lock on pensions’.

The Independent UK

State Pension Triple Lock uncertain as Jeremy Hunt refuses to confirm its return for April uprating

Prime Minister Liz Truss has previously stated her commitment to the return of the Triple Lock.

Daily Record

The dismantling of Trussonomics: PM’s last redoubt bites the dust

Liz Truss’s one remaining ‘growth-fuelled’ policy, the energy price guarantee, failed to survive Jeremy Hunt’s brutal cull

The Guardian - UK

Warning as savers lose £7.4billion a year by placing money in wrong bank account

Investment platform Hargreaves Lansdown explains how failing to switch your savings accounts could leave you with miserable interests rates - and cost savers billions

Daily Mirror

Hargreaves Lansdown facing lawsuit over Neil Woodford fund collapse

The Bristol-based company is being sued by claims management business RGL on behalf of 3,200 investors who lost money

Birmingham Post

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The Independent UK

Nearly half of people ‘have not switched savings accounts in past five years’

Women are less likely to have switched their savings account than men, according to Hargreaves Lansdown.

Evening Standard

Hargreaves boss to stand down amid wider market turmoil

CHRIS Hill today said he would quit asset manager Hargreaves Lansdown, a move that comes amid wider turmoil in the sector.

Birmingham Post

Hargreaves Lansdown chief executive Chris Hill to step down

He has been at the helm of the Bristol-based financial services firm since 2017

The Guardian - UK

Hargreaves Lansdown hit by lawsuit on behalf of Woodford fund investors

Claim brought on behalf of initial 3,200 investors caught up in collapse of Neil Woodford’s equity income fund

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The Guardian - UK

Is my pension safe and will mortgage rates come down? What to do in the current crisis

Uncertainty is everywhere from financial markets and high street to households. We answer key questions that thousands are asking on housing, pensions and investments

The Guardian - UK

Annuities: rates on guaranteed pension income soar 44% in a year

Previously unfashionable product falls back into favour as people seek security amid financial turmoil

The Independent UK

Annuity rates jump to highest level since 2009

The rise provides a boost for people looking for a guaranteed retirement income.

Evening Standard

Pound weakens and government borrowing costs rise again after Truss speech

Sterling dipped by 1.4% to 1.1312 dollars shortly after Liz Truss said that the Government was making ‘difficult but necessary’ choices

Daily Mirror

How to protect your money as UK heads for longest recession since the 1920s

Mirror Money editor Levi Winchester looks at how you can best protect your finances in a background of rising interest rates, soaring inflation and the UK likely heading into recession

The Independent UK

Government is ‘absolutely committed’ to pensions triple lock – Kwarteng

Inflation is expected to be by far the highest triple lock factor this year, potentially putting pensioners in line for an increase of 10% or more.

The Independent UK

Market turmoil ‘has exposed vulnerabilities in the UK’s pension sector’

Concerns had been growing that defined benefit pension funds were at risk of being ‘hammered’ by recent market moves, a finance expert said.

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