Posted by: WealthIFA | December 17, 2010

Financial News Update we 17/12/2010

A tense time in Perth as England falter but fingers crossed; the boys can still do it?!….

Anyway, short and simple this week as we are all, no doubt, preparing for Christmas at some stage over the next few days or so and, as such, this will be the last update of 2010 but fear not – I will return in 2011!

Not many articles this week but one of the most concerning is the office of tax simplifications “review list” – we won’t know until the budget next year which of these will actually be “…kept, rolled together, simplified or scrapped…” altogether but there are some on the list that one could consider almost a right to have rather than a bonus, don’t you think?

The spotlight is also shining on two of our largest providers this week – but for the wrong reasons.

This Week…

Estate Planning

Govt’s anti-avoidance plans ‘could have inheritance tax implications’: http://bit.ly/eR2nsm
PROBATE – Simple rules to counter estate fraud http://bit.ly/i8vvpi
Tax relief on pensions and venture capital trusts under threat: http://bit.ly/gp0aCT
Key IHT CGT reliefs may be abolished in Treasury review http://bit.ly/iiMshU

Office of Tax simplification – http://bit.ly/9oj1yz

Long Term Care

PCTs face below-inflation rise http://ow.ly/1asVQT

Retirement

Aviva overcharges pension savers by £250: http://bit.ly/fLcfJl
Aegon UK pays £60m to wronged customers: http://bit.ly/fFqPvq
Dashed: the Last hope for final salary pensions: http://bit.ly/gHvvvN
Scrapping age-75 rule will aid the wealthy: http://bit.ly/i1525q

Investments

Investors urged to exercise caution over green VCTs: http://bit.ly/hdAJQr
FSA cold calls boiler room cheats http://bit.ly/e7AfqW

So, all that’s left to say is thank you for staying with me throughout 2010, I hope you and your loved ones have a fantastic Christmas and look forward to sharing with you again in 2011!

Merry Christmas!

Regards
Kieron

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