Financial News Update we 22/10/2010

Well, as we all come to terms with the spending review, and its much publicised impact, I am wondering if we are at the dawn of a new financial age or perhaps a revisit to an old one… for so long we were able to spend, borrow and make money without much effort but now it is very different.

So was this review always going to happen, being more a case of when rather than if, and, if so, perhaps my grandmothers advice all those years ago about how you should only “…spend within your means…” made more sense than I realised - and she wasn’t even a government adviser?!

Spending review or not, the FTSE has been steadily increasing since early September and is close to its 12 month high too… is confidence continuing? http://bbc.in/aSL3qj

In other news…

Estate Planning

Law Society trawls for evidence of bad will-writing http://bit.ly/cRz1k0
Ex-mistress and estranged children dispute over "missing" will http://bit.ly/bG4SjF

Long Term Care

1000s sign petitions against care homes closures http://ow.ly/19tRtN
Spending review means challenge to caring for elderly and vulnerable http://ow.ly/19xu4A
Tears as Elsie dies, aged 111 and 285 days http://ow.ly/19xAoN
An age-old problem - over 80 percent not saving for their care in old age http://ow.ly/19yX2R

Retirement

Equitable Life pay-out of £1.5bn http://ow.ly/19xPO7
Majority opt for full pension with inheritance http://ow.ly/19ytm9

Investments

The seven stages and ages of investing http://ow.ly/19t1h8

Have a great weekend!

Regards
Kieron