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Big reforms are underway in the UK pensions system, which could have a real impact on people’s retirement plans. WEALTH at work highlights the key changes coming in 2026 and beyond and explore what they mean in practice for pension savers.
This week, investors are focused on the Federal Reserve’s policy meeting, which began on Tuesday and concludes this evening UK time with an interest-rate decision. Rates currently sit within the range of 3.5-3.75%.
For the first time since September, UK inflation has risen. Headline CPI came in for the month of December at 3.4%, with an increase in tobacco prices accounting for a large portion of the latest rise, alongside rising food costs.
Over in Iran, what started as anger over the sharp collapse of the Iranian rial has broadened into a wave of dissatisfaction with the country’s leadership more generally, with protests and fatalities characterising the past few weeks.