Posted by: WealthIFA | January 13, 2012

Financial News Update we 13/01/2012

Hope you had a good week?

2012 is now well and truly here is seems, with Christmas a dim and distant memory as far as I am concerned.

The children are all back at school and nursery, so we are trying to get back into our “normal” routines once again, which I will confess, has been a struggle…

Having put off my “to do” list at home over the Christmas period in favour of the obligatory family/friends visits, I now face the prospect of catching up!

My working week has once again been spent speaking about care fees, rounding off nicely with our monthly “Protecting Your Assets” seminar last night being well attended. We even received applause at the end, which was nice!

It’s been a quiet week this week in the news, well as far as personal finance is concerned at least, but some interesting articles have still emerged.

Having vowed to get a Will, the personal finance editor of the telegraph finally keeps his word but not without those thought provoking moments that we all go through and some contentious views from the British Bankers Association on the making of Wills.

It’s emerged that over half of all care home residents are self funding in some way and, whilst the Sefton ruling could be good news for Care homes, I guess the question remains, at what or who’s expense?

No surprises in the fact that private pensions are declining nor, dare I say it, that interest rates were held at 0.5% where they have been since March 2009.

To finish off, you may have heard about the guy who gave up his job a few years ago, went travelling and, whilst doing so posted videos of himself dancing on the spot in various locations?

Not sure how true it is but I heard this week that after he returned (having clocked up tens of millions of views on you tube), a corporate company sponsored him to go and do it all again for the next year’s version?!

As always, do let me know if you have seen anything of interest?

Have a great weekend!

This Week …

Estate Planning

Personal Finance Editor – “I kept my word and finally made a will”:
Consumers don’t need to use a lawyer to write their will, banks tell LSB

Long Term Care

Care home population continues to move towards private payers:
Sefton ruling puts councils on notice over fees:
Age UK urges care professionals to back Care in Crisis campaign:


Private sector pensions in seismic collapse


UK interest rates kept on hold at record low of 0.5%



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