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The Pension Confident Podcast


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. On 23 March, Chancellor Rishi Sunak introduced new measures to tackle the cost of living crisis in the Spring Budget, but did he go far enough?  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 is causing it, when will it all be over and of course how does your pension fits into all of this?

 

Joining us to discuss this are Clare Reilly, Chief Engagement Officer at PensionBee, Lynn Beattie, personal finance expert and Managing Director of Mrs Mummypenny, and Scott Mowbray, Chief Communications Officer & Co-Founder at Snoop.

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

  • Step Change (https://www.stepchange.org/)
  • Citizens Advice (https://www.citizensadvice.org.uk/)
  • National Debtline (https://www.nationaldebtline.org/)

 

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

https://www.pensionbee.com/blog/2022/march/how-2022-spring-budget-impacts-your-pension

https://www.pensionbee.com/blog/2022/april/what-happened-to-pensions-in-march-2022

https://www.pensionbee.com/blog/2021/november/how-does-inflation-affect-pensions

 

In addition here’s some handy further reading:

https://www.entitledto.co.uk/blog/2022/february/our-annual-review-suggests-about-15-billion-of-benefits-remain-unclaimed-each-year

https://www.ftadviser.com/pensions/2022/04/01/get-money-in-now-how-the-spring-statement-affects-pensions/

https://www.bankofengland.co.uk/monetary-policy/inflation

https://www.ftadviser.com/pensions/2022/04/05/no-quick-fixes-in-chancellor-s-spring-statement/

https://www.mrsmummypenny.co.uk/product/the-money-guide-to-transform-your-life/

 

Please note that figures mentioned at the beginning of the 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. As always you can also shoot us any questions or feedback to podcast@pensionbee.com