The chancellor said that the state pension age would rise faster and but petrol price and train fare rises are reduced.
The big headline from the Autumn Statement is that the state pension age is likely to rise to 68 in the mid 2030s, which could affect anyone born after 1967. By the late 2040s, the state pension age could be 69, which could be bad news for those born after 1979. The chancellor didn’t announce that parents who have child trust funds for their children will be able to transfer them into junior ISAs and there was no big increase in the amount you can save in cash ISAs – both missed opportunities as far as I’m concerned.
SavvyWoman’s first investment event – key messages
What should savvy women do if they want to invest their money?
Yesterday it was SavvyWoman’s first investment event. It was a fantastic afternoon with interesting talks about the current economy and what that means for investors, how putting together a portfolio should be part of a bigger plan, how you don’t have to be an expert to pick shares in individual companies, why income is such an important part of your overall investment return and how charges can really add up. Here are some of my thoughts…
Investing in shares; starting your own investment club.
If you don’t want to invest a lot of money in shares and you’d like to combine it with socialising, why not start or join an investment club?
Twelve years ago a group of women who’d met through their regular yoga class decided to help each other learn more about money and – in particular – the stock market, by setting up an investment club. The idea was that they’d meet once a month and each pay £25 into a kitty to invest in shares. And so the FYG (which stands for Fenland Yoga Girls learn everything about finance) investment club was born. Their investments have certainly had some dramatic ups and downs but the group believe that the knowledge they've gained is priceless.