After seemingly endless debate and discussion, this week sees social care as one of the flagship issues to be included in the Queen’s speech for the coalition government’s plans for the next session of parliament. The admirable aim of the reforms is to put the social care sector alongside the NHS at the heart of the welfare state for the first time, something overlooked when the NHS was set up in 1948.
Read the full article at Western Morning News.
Many people unsurprisingly rank a divorce as one of the most stressful events in their life, as well as posing one of the greatest threats to their financial security. Even Dragons’ Den tycoon, Duncan Bannatyne, who has built up an estimated £430 million fortune, is not immune from these pressures as his recent divorce shows.
We are delighted to be nominated the ‘Adviser of the Week’ by Unbiased.co.uk to recognise our promotion of professional advice in engaging and interesting ways. This included the launch of our new website last month, our weekly expert column published on Thursdays in the Western Morning News and online www.thisisdevon.co.uk.
Children with wealthy parents who die without making a will could lose out under proposed changes to inheritance laws contained in recent draft legislation. If there are no children, then the spouse could take the entire estate.
As milder Spring weather has finally arrived and the daffodils are in bloom, I am delighted to read that Britain is poised for a housing market revival, according to the respected Ernst & Young ITEM Club.
Read the full article at Western Morning News.
According to a recent Age UK Survey, 23% of UK adults have lost track of at least 1 pension, creating confusion and uncertainty over retirement saving plans. The average person aged over 65 has worked for about six different employers, according to Age UK. Younger generations, those aged 25-34, have already worked for at least six employers.
Read the full article at Citywire New Model Adviser.
There has been a welcome change recently for non-domiciled widows, who have previously been liable to Inheritance Tax (IHT) on their spouse’s death. Whilst assets can usually pass between spouses without IHT, there has always been a hidden trap where the deceased was domiciled in the UK and the survivor was domiciled in another country.
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