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Category: Uncategorized
We now know in early 2013, that the squeeze on living standards in the UK will be longer and deeper than projected this time last year. Average wages are not expected to rise in real terms until late 2014, after a period of stagnation and decline.
Category: Uncategorized
A Lasting Power of Attorney (LPA) gives another individual the legal authority to look after specific aspects of your affairs, should you lose the capacity to do so. There are two types of Lasting Power of Attorney, one relating to health and welfare matters and one about property and financial affairs. When appointing someone to have lasting power of attorney, you can choose to make that person (or more than one person) have the LPA power and responsibility in one or both areas.
Category: Uncategorized
You have at long last got round to preparing your last Will and Testament, and that’s ‘job done’ – or is it? If you write your will earlier in your life than at the last moment, it is highly likely that you will need to update it from time to time, as things change in your life and around you.
Category: Uncategorized
The Financial Services Authority (FSA) has launched an investigation into the £15bn annuity market, prompting criticism that the City watchdog has taken so long to act. It is estimated that a thorough investigation into retirement income payouts with consequent regulation and actions within the industry, and clear advice to consumers, could benefit pensioners by £1bn a year.
Category: Uncategorized
Last month we looked at basic financial planning in the early part of your life – through your twenties, thirties and forties. But what about the second stage of life? It’s easy to assume that all the major changes in life – finding a job, marriage, a family – take place in the early years. In fact there are just as many major changes in later life and the need to keep on top of your financial planning is, if anything, even greater.
Category: Uncategorized
As legislation from the Finance Services Act 2012 comes into force on 1 April 2013, two new regulatory bodies, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), both under the direction of the Bank of England, are expected to formally replace the Financial Services Authority (FSA) in a major reform of the UK financial regulatory system.
