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Energy prices to soar but it’s not the only pressure on the cost of living

25 February 2013

Financial Planning

Energy prices are set to soar in the UK and stay at high levels for years to come according to the head of the energy regulator Ofgem. Financial journalist Jill Insley finds that most household bills have risen substantially. The average duel fuel bill in the UK is already £1,420 a year, up 19 per […]

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QE and tax policies on pensions driving pensioners overseas

24 February 2013

Retirement Planning

A growing number of pensioners and those coming up to retirement are moving their pension funds out of the UK because of Government tax policies and the Bank of England’s quantitative easing programme, a global financial advisory business is claiming. The deVere Group says it transferred 35 per cent more UK pensions into HMRC-recognised Qualifying […]

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Will the long term care reforms really make it easier to insure your risk?

22 February 2013

Financial Planning

Cynics might say you can’t take your money with you into the next world, but in the words of Labour health shadow Andy Burnham, the current regime is ‘a cruel lottery where people go in to later life with everything they have worked for on the roulette table’. John Greenwood considers the issues. The big […]

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It may resist Einhorn, but what will Apple do with its $137bn cash pile?

19 February 2013

Shares

Usually when a company is subject to shareholder activism, it is because its management are paying themselves too handsomely, or it has bought a bad business for too much money. It is seldom that it has been too prudent with its balance sheet. Yet, this is exactly what is happening to Apple. It is being […]

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After child benefit, could better off families now lose their child care vouchers?

15 February 2013

Financial Planning News

Childcare costs are probably the biggest expense most parents will face – until their children start school at least writes financial journalist Jill Insley. The insurer LV (LV.com) calculates that childcare from birth to age 18 costs nearly £64,000 – but bear in mind that this is an average figure. You can easily pay up […]

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Should you seek really seek investment advice from your bank branch?

14 February 2013

Financial Planning

It may seem convenient but should you be wary of buying your Isa and pension investments from a bank based financial adviser? As the BBC reported this week, a mystery shopping exercise conducted by the Financial Services Authority last year found that not all bank and building society advisers are meeting the required standards. Many […]

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Long term care – selling the house may still be necessary

13 February 2013

Financial Planning

The announcement of a cap of £75,000 on the amount people have to pay towards the cost of their long-term care tackles a vital and emotive issue – but is this all smoke and mirrors, failing to meet the scale of the problem facing society? Financial journalist Harriet Meyer considers the issues. Jeremy Hunt, the […]

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Selecting a retirement annuity – one of the most important and expensive decisions of your life

12 February 2013

Retirement Planning

After our home, an annuity is for most of us the most expensive thing we will ever buy. Yet most people never bother to shop around when the time comes to convert our pension pot into a guaranteed income for life from an insurance company writes pensions writer John Greenwood. This apathy is incredibly expensive, […]

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Use whole of life plan to meet care costs

11 February 2013

Financial Planning

Product comparison site www.payingtoomuch.com says that people should consider taking out a ‘whole of life’ insurance product to cover them up to the value of the planned £75,000 long term care cost cap. Under the Government’s plan it is believed that those needing long term care will be able take out a Government loan up […]

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Long term care cost cap to be set at £75,000

9 February 2013

Financial Planning

A policy on long term care funding is likely to finally emerge from the Government this week. It is thought that no-one will have to pay more than £75,000 to fund their nursing care, though they will still have to pay additional hotel and food costs from 2017. The £75,000 limit, if adopted, is around […]

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