Quantcast
Menu
Save, make, understand money

News

60 second news round-up: the top money stories of the week

Paloma Kubiak
Written By:
Paloma Kubiak
Posted:
Updated:
06/06/2016

Missed this week’s big money stories? Here’s our one minute summary of the key facts and figures from the last seven days.

Investing

We kicked off the week by revealing the best fund groups so check to see if yours made the grade. With oil prices on the up, we reveal how best to invest in this commodity and what to avoid, and we gave you a run-down of everything you need to know about investment clubs. Traders, is it possible to predict the market? This company claims to have known the result of the general election and saw there was an issue at Alton Towers two hours before it was covered by media outlets.

Household bills

UK inflation rose to a 15 month high of 0.5% this week and this was closely followed by the Bank of England announcement to hold interest rates at a record 0.5%. So we look at ways to inflation-proof your portfolio and list six tips to tidy up your finances in the new year, which may be helpful as it’s revealed that first-time buyers need a £64k salary by 2020. In other news, Netflix users may be hit with a price hike and if you’re already planning your summer holiday, here’s why you need to spend time picking the right plastic too.

Pensions

YourMoney.com lists the 10 top facts about the new State Pension and we also revealed how the government’s The Pensions Advisory Service saw a spike in inquiries in the first year of pension freedoms. And a survey reveals that not saving enough is one of the biggest regrets in retirement.