Posted by: WealthIFA | August 5, 2011

Financial News Update we 05/08/2011

How are you?

The weeks seem to be flying by at an alarming rate at the moment and I am undecided if this is a good thing, as in it must be busy, or a bad thing in that I am not taking the time to “smell the coffee” as it were?!….

Some interesting clients this week which is always a good thing (as it certainly makes the week a bit livelier!), but I am mindful that I don’t want to be working all the time either!

Following news this morning that the Asia stock market sell-off followed that of the US, where they experienced the worst fall in a day for over 2 years, I have no doubt the papers will be revving up this weekend to give us more doom and gloom – will the FTSE continue in its own downward slide of yesterday?

Reflecting on the news that UK gilts have reached a new low it will be interesting to see if the comment from Mr Osborne, about the UK now being seen as a “safe haven” earlier in the week, will still stand over the coming few days or weeks?

There now seems to be a consensus that interest rates will remain where they are until next year, which will exasperate the issue for those looking at their savings to provide income still further.

On the plus side, it looks as though we are in for a pleasant enough weekend, weather wise at least, so I hope you enjoy it whatever you are doing – just don’t spend too much, you never know what lies around the next corner?!…

This Week …

Estate Planning

Taking Aim to pass on your wealth http://ow.ly/1e5zoy
WILLS – Don’t rush to destroy a revoked will http://bit.ly/oE4scf
Are you an heir to a lost fortune? http://tgr.ph/qyyB3F
Court forces property tycoon to give houses to mistress http://tgr.ph/qnEqIa

Long Term Care

Care home crisis requires reform, not fire-fighting http://ow.ly/1e0VkI
CQC refuses to acknowledge their failings in Winterbourne View report http://bit.ly/nbZTqs
More youngsters set to reach 100 http://bit.ly/qj28wq
Care Show London Olympia 11-12 October 2011 http://bit.ly/dAYOzE

Retirement

Thousands of pension investors face income drop: http://bit.ly/oL2q4b
‘We could boost pensions by half without an extra penny in contributions’: http://bit.ly/pCfpFs
How to beat the pensions income squeeze this summer: http://bit.ly/mVMYLz

Investments

UK gilt yields hit fresh low: http://bit.ly/nJuJLb
Wall Street and global markets fall on debt fears http://bbc.in/qupWOA
Interest rates unchanged until 2012, say economists http://bbc.in/oNHGLA

Regards
Kieron

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