What does diversification mean?

Diversification involves spreading your investments across various assets to reduce the reliance on any one investment. This helps to protect your investment portfolio and reduce the overall risk of losing money. There are three main asset classes – cash, bonds, and equities – and having exposure to each of them will help reduce the overall level of risk within your investment portfolio. If one area of your portfolio isn’t doing well, the other investments you’ve made elsewhere can compensate for those losses...

The key earnings growth figure for the Triple Lock, originally announced in September, has been revised upwards by 0.1%

The May-July total earnings growth figure is one of the three components of the Triple Lock calculation, the others being September CPI annual inflation and the 2.5% floor. In our earlier Bulletin of 11 September, we reported that the Office for National Statistics has said that the May-July earnings (including bonuses) was 4.7%, implying that would be the figure used for new and old state pension increases next April.

To...