Senior Couple Meeting

New Campaign Spreads Awareness of Pension Scams

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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Senior woman at retirement home

Report Shows the UK is Unprepared for Incapacity

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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Granddad giving a present

New Figures Show Continued Growth in Families Paying Inheritance Tax

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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Writing a Will

Banks are Revealed to have Sold Wills with Hidden Probate Costs

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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Couple dancing on beach

Homeowners Unaware of the Benefits of Equity Release

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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Woman receiving care

Increasing Numbers of People Unable to Pay their Care Home Fees

With longer life expectancies and rising care home fees, many people are finding their savings are insufficient. A recent GMB union investigation has shown that at least 166,000 people in the UK are in social care debt. This study revealed that more than 78,000 people have had debt management procedures started against them by their…

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