Posted by: WealthIFA | September 3, 2010

Financial News Update we 03/09/2010

Oh well its back to school – either this week or next – so that must mean summer is now officially over… I left the office last night at around 7.30 and noticed that it was starting to get dark…. it’s only September!

Nonetheless, I hope you had a good summer and managed to get some sort of break in or have you been waiting for the schools to reopen?

A mixed bag of news over the last few weeks to catch up on but with all the hype over the Blair memoires this week, perhaps everything else will be sidelined for a week or two for now?… we will just have to wait and see.

A couple of articles to highlight such as the IHT clarification from a recent tribunal; the plans to use public funds to build a care home described as one of the “most expensive in the UK” and a recent survey suggesting that almost 50% of us have NEVER reviewed our Pension arrangements, with only a 1/5th doing so in the last 12 months… I guess the other 50% will be relying on the state?

Have a great weekend!…

Estate Planning

UK tribunal hearing clarifies inheritance tax rules for estates http://ow.ly/18GFgK
Unfair ‘double’ inheritance tax comes under the EU spotlight http://ow.ly/18JsxG
Court agrees to rectify deed of variation because of IHT consequences http://bit.ly/cVcyeV
OPG: Panel Deputies Recruitment Campaign http://bit.ly/9aH5n1

Long Term Care

Can the care sector adjust in time for new immigration laws? http://ow.ly/18OPLC
Research into effect of care home closures http://ow.ly/18PyzF
90-year-old Lorna Clow evicted from care home and hit with £5400 bill http://ow.ly/18IgxV
Kirkcaldy care home will be “most expensive in UK” http://ow.ly/18JuG0

Retirement

Almost half of Britons neglect pension review http://ow.ly/18P7z7
Lawson defends providers over OMO http://ow.ly/18PMUR
Government urges pensions industry to help retirees get best annuity rates http://ow.ly/18LcIZ

Investments

Savers facing income plunge as bonds soar http://ow.ly/18O3pN
Savings levels plunge as financially concerned Brits rush to repay … http://ow.ly/18OwOx
How new tax rules will affect investment trusts http://ow.ly/18Ew8p
Barclays Didn’t Know What Backed $45 Billion Lehman Loan, Witness Says http://ow.ly/18J5SX

Regards
Kieron

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