If one died without leaving a will, the survivor would be entitled to at least a share of their estate.
Couples without children would qualify to be treated the same as a married couple after five years' living together.
After just two years, the survivor of a childless couple would be entitled to half the estate. [...]
The CIC Triple Advantage Scam has stirred up a scene with regard to faulty credit reports. The company and its other aliases — freecreditreport.com, and creditreport.com, and Experian Free Credit Report — have been extorting money from those who registered on the online services the company offers; mainly, a supposedly free credit check to people [...]
Those who saw their pensions slump in the downturn are now enjoying a dramatic turnaround in fortunes.
The market has bounced back 50% since March. The giant 'balanced managed' funds and UK share funds run by pension firms have rebounded on average by 34% and 49% respectively.
Although most savers won't have recovered all their losses, [...]
The monthly house price report showed a 0.9% increase in prices last month, as the bounce in the property market continued. A resurgent market, albeit with transactions running at a very low level, has seen annual price falls ease back substantially from a peak of -16.3% in February. The average [...]
Some 1.5 million older people are overpaying an average of £171, according to a report by the public spending watchdog the National Audit Office, published last week.
Paddy Millard, from charity Tax Help For Older People, says: 'Pensioners face a double whammy.
Their tax affairs are even more complicated because they have multiple sources of income [...]
The reality of rock-bottom rates will hit home when annual statements for 2009 drop through the letterbox and passbooks are updated to include this year's interest.
Some accounts have gone from being top-payers to offering derisory amounts of income.
Abbey's popular eSaver account, would have paid £412 interest after tax on a £10,000 investment in 2008.
This [...]
For example, if you put £5,000 a year into a typical unit trustIsa, then over 30 years you could pay £64,657 in charges.
The unit trust industry claims these fees are warranted because of the benefits of having a professional manager looking after your money.
But more than £8bn is festering in just six actively managed [...]
A stronger dollar left gold nursing its biggest drop in almost three months yesterday, unsettling jittery investors who fear a correction for bullion. Gold lost around 1.6% on Monday, with the spot price falling to $1,038 from $1,055, its biggest fall since 28 July. It has [...]
I'm aware that cash Isas can be switched, but does the same apply to equity Isas? C.H.
Danny Cox, head of financial planning strategy at independent financial adviser Hargreaves Lansdown, replies: The short answer is 'yes'. You can transfer a stocks-and-shares Isa between managers or providers.
The easiest way to manage a stocks-and-shares Isa, [...]
The Financial Services Authority has warned firms that tough action will be taken on products sold as 100% secure or guaranteed, which did not fully disclose that they were backed by the collapsed American bank. Serious failings in advice on Lehman-backed products were discovered by the FSA, in most of the [...]
© 2008 Daily Financial News