Mosaac Financial Blog

A recent survey has raised questions about retirement readiness. One of the world’s largest investment managers, BlackRock, recently published its latest review of the UK’s retirement landscape. The work was based on a survey of 1,000 savers in defined contribution (DC) pension arrangements. This is the type which now dominates private sector retirement provision, mainly through automatic enrolment workplace schemes. BlackRock’s four main findings were: 1. Generational dif

The long freeze on student tuition fees in England has come to an end. Do you know what the RPIX is? You might guess it’s related to inflation given that RPI is the Retail Prices Index. But what does the X mark? X stands for RPI excluding mortgage interest. RPIX was used as the Bank of England’s inflation target until the end of 2003 when it was replaced by the more familiar Consumer Prices Index (CPI). However, the Office for National Statistics now says the RPI and its deri

As the UK settles under its first Labour government in 14 years, there is a certain irony that one of the policies of the last Labour government is still playing out, despite being scrapped by the Conservative/Liberal Democrat coalition government in 2010. CTFs were launched in January 2005. Over the next six years, the government paid £2 billion into accounts for 6.3 million children born between 1 September 2002 and 2 January 2011. In practice, most children’s CTF receive