New Campaign Spreads Awareness of Pension Scams

Senior Couple Meeting

A new campaign launched by The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) aims to make people more ‘ScamSmart’ about pension scams. With their credible websites and testimonials, it can be hard to distinguish scammers from the real thing. The new ScamSmart campaign aims to raise awareness about phoney pension plans. It also…

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Report Shows the UK is Unprepared for Incapacity

Senior woman at retirement home

Recent research from Solicitors for the Elderly (SFE) and Centre for Future Studies (CFS) has brought to light worrying issues concerning incapacity. The results show a surprising rise in dementia diagnoses and the predicted number of sufferers in the future. And, a poll by SFE indicates only 3% of the people surveyed have a Health…

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New Figures Show Continued Growth in Families Paying Inheritance Tax

Granddad giving a present

HMRC have released their latest statistics on Inheritance Tax (IHT). They showed that a record of £5.2 billion was collected in the last year. This is a £388 million increase in IHT compared to £4.8 billion in the previous year. It is expected to reach £6.4 billion by 2022/2023. And, it may rise further, with one…

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Banks are Revealed to have Sold Wills with Hidden Probate Costs

Writing a Will

Up to 1.5 million people may have bought a Will with unexpected probate charges from major banks. They could be charged in the tens of thousands for these banks organising even the simplest estates. This money-making scheme was used by banks in the late nineties and early noughties. The details were tucked away in the…

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Homeowners Unaware of the Benefits of Equity Release

Couple dancing on beach

According to recent research, nine out of ten homeowners over 55 aren’t fully aware of the benefits of Equity Release. This is a scheme which allows homeowners to release a percentage of their home’s value as tax-free cash. Results from a Sunlife study have shown that many homeowners over 55 have a lack of awareness about…

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