E5: The cost of living crisis with Lynn Beattie, Scott Mowbray and Clare Reilly

Apr 26, 2022

The Office for National Statistics reported that the price of consumer goods are increasing at the highest rate in almost 30 years. With people having to choose between heating their homes and buying their groceries, what can we do to cope with the current cost living crisis? What are the causes, when will it all be over and how does your pension fit into all of this?

Our guests this month are: 

• Personal Finance Expert, Managing Director of Mrs Mummypenny and PensionBee Customer; Lynn Beattie
• Co-Founder and CCO of Snoop; Scott Mowbray
• PensionBee’s Chief Engagement Officer; Clare Reilly

*Please note that figures mentioned at the beginning of this episode are estimated based on the performance of the MSCI World (GBP) provided by State Street Global Advisors as at 31 March 2022. Figures are subject to rounding.

 

Further support:

If you’re struggling, support is available. Here are some charities we highlighted in the podcast.

• Step Change 
• Citizens Advice
• National Debtline

 

Further reading:

Read more about the cost of living crisis and latest tax changes on the PensionBee website.

• How the 2022 Spring Budget impacts your pension
• What happened to pensions in March 2022?
• How does inflation affect pensions?
• 5 ways to protect your pension income against inflation

 

Other useful resources:

• £15 billion of benefits remain unclaimed each year (entitledto)
• How the Spring Statement affects pensions (FT)
• Bank of England inflation rate
• No quick fixes in chancellor's spring statement (FT)
• ‘The Money Guide to Transform Your Life’ by Lynn Beattie

 

Catch up on the latest news, read our episode transcripts or watch on YouTube:

• The Pension Confident Podcast
• The Pension Confident Podcast on YouTube

Follow us @PensionBee on Twitter, Instagram, TikTok, Facebook and LinkedIn.

Follow Lynn @MrsMummyPenny on Twitter, TikTok, Instagram, LinkedIn and Facebook and Scott @SnoopApp on Twitter, Instagram, Facebook and LinkedIn.

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