Inflation
The measure of how prices of goods and services (and therefore the cost of living) are increasing over a period of time. The speed of rising prices is known as the rate of inflation.
The official measure of inflation in the UK is the Consumer Prices Index (CPI).
Popular terms
Lump sum and death benefit allowance
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Ready-made pension
A simple, low-cost pension where you choose from four AJ Bell fund options.
Money paid in is automatically invested...