Posted by: WealthIFA | May 13, 2011

Financial News Update we 13/05/2011

Good Morning

I hope you have had a good week?

It may have been a bit of a struggle for some, having been the first 5 day working week in almost a month but I am sure we will all get used to it again soon?!

It’s a welcome return for National Savings Certificates this week and, although the investment has some limitations, expect a rush of people eager to secure a return designed to help investments keep pace with inflation…

Recent, as well as shortly expected, reports focus on the need for people to consider the funding they will require in later life when it comes to basic living as well as paying, for those affected, the cost of long term care – will there be provision from the government and, if so, what will it look like?

Well, I am off to rest for a few days and prepare for the next 5 day working week  – isn’t it about time we had another long weekend?!!

Have a good weekend!

This Week …

Estate Planning

Estate Agents partner faked Will: http://bbc.in/mE71dd
Osborne promises abolition of 50 per cent income tax: http://bit.ly/kW1OQb

Long Term Care

Law Commission: current legal framework an “incoherent patchwork of legislation” http://bit.ly/ls4hMV
Dilnot Commission: elderly care costs could be capped: http://bit.ly/iNHgaE
Research predicts overloading of care homes: http://bit.ly/k03Ylq
Councils axe £1bn of funding for elderly and disabled care: http://bit.ly/l3tawJ
Taxpayers may have to pay new levy to meet future cost of care homes: http://bit.ly/jBkpPW

Retirement

Is a pension right for 20% taxpayers?: http://bit.ly/lLmDxm
Lower annuity rates ‘will face next generation’: http://bit.ly/mfcyyT
UK retirement savings deficit now £9TRILLION: http://bit.ly/j9fX6D

Investments

UK faces £9 trillion savings shortfall http://ow.ly/1cyOus
£1bn Isa boost for investment funds: http://bit.ly/kloeyW
NS&I index-linked saving bonds are back!: http://bit.ly/jvB6zt
National Savings and Investments’ inflation-beating account angers banks: http://bit.ly/jhNG9x

Regards
Kieron

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