Three things we learned this week

Pensioners face 60% spending hit from inflation Fixed income pensioners could see their spending power cut by 60% cent over a 20 year retirement because of the impact of inflation. According to Prudential, inflation for retired people, dubbed ‘Silver RPI', is higher than the standard figure because pensioners spend more on goods and services such as food and fuel, which are subject to the highest rates of inflation. The research from the insurer shows the average person retiring in 2011 expects an annual income of £16,600, but if that income remains fixed it will be worth just £6,70...