The number of flexible drawdown investors could rise in 2013 when the top rate of tax is cut to 45%.
The Consumer Prices Index (CPI) rate of inflation climbed to 2.6% last month, from 2.4% in June.
Better-than-expected German and French GDP figures have raised investor hopes that Europe's second largest economy will ease eurozone pain.
China's inflation level fell to a 30-month low of 1.8% in July, continuing to tumble as the global slowdown takes hold.
Bank of England (BoE) governor Mervyn King has warned against a further cut in interest rates, arguing it would damage the banking sector and may be "counterproductive".
The Bank of England (BoE) is set to cut economic growth forecasts to almost 0% for this year, amid a deepening double dip recession.
Fiona Murphy asks IFAs how government austerity measures have affected clients' retirement planning.
Eight in ten pensioners expect the value to their pension will decline due to inflation, according to AXA Wealth.
Goldman Sachs Asset Management chairman Jim O'Neill looks back over a week of mixed economic indicators from two of the world's leading powerhouse nations.
Latest forecasts suggest the economy will return to growth over the next six months, boosted by falling inflation and a pick-up in consumer spending.