Posted by: WealthIFA | August 6, 2010

Financial News Update we 06/08/2010

I hope you are well?…

A bit of a catch up on the news over the last few weeks with some interesting pieces on Estate Planning and, as far as I can tell, Long Term Care is back in the headlines as a suitable way forward is discussed with even those in the US taking note of what is happening in the UK.

As the Monetary Committee decide to keep rates at a record low for another month, it would seem there is little chance of any change in the immediate future although at least one other in the BoE committee would like to see it increased sooner rather than later… (Citywire: http://bit.ly/c27xpg)

Other news this week….

Estate Planning

Probate research – who should pay the fees? http://bit.ly/ds6k9b
Row over sisters’ £400,000 estate left to hairdresser http://bit.ly/atlqCb
Executors can now write off B&B shareholdings http://bit.ly/duIBIx
Coalition’s finance bill is now law http://bit.ly/9ryBhT
Examination of Cost of Long Term Care Demonstrates Need for Will… http://ow.ly/18iBVM

Long Term Care

ABI wants action on UK’s aging population http://ow.ly/18g10I
Britain Plans to Decentralize National Health Care http://ow.ly/18h6Sn
Care homes: Talk doesn’t pay the bills http://ow.ly/18h9aP
Care UK’s CEO appointed as Trustee of NHS Confederation http://ow.ly/18jlKy
Think tank says financial advice key to long-term care reform http://ow.ly/18jx6h

Retirement

Thousands of pensioners ‘were mis-sold annuities’ http://ow.ly/18ient
Many UK consumers ‘failing to gain enhanced annuities’ http://ow.ly/18jAdI
American savers have smaller charges on personal pensions http://ow.ly/18olRx
Pension funds add seven months to retirement lifespan http://bit.ly/c6Tcr0

Investments

National Savings’ move is major blow to savers http://ow.ly/18gDy6
Bank of England chief says stimulus still needed http://ow.ly/18kenH

Regards
Kieron

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