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’:
PROBATE – Simple rules to counter estate fraud
Tax relief on pensions and venture capital trusts under threat:
Key IHT CGT reliefs may be abolished in Treasury review

Office of Tax simplification –

Long Term Care

PCTs face below-inflation rise


Aviva overcharges pension savers by £250:
Aegon UK pays £60m to wronged customers:
Dashed: the Last hope for final salary pensions:
Scrapping age-75 rule will aid the wealthy:


Investors urged to exercise caution over green VCTs:
FSA cold calls boiler room cheats

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!



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