Month: November 2013

With long term care costs rising, savers need to think carefully

The cost of long term residential care for the elderly is set to increase dramatically, according to research from Liverpool Victoria, who predict that by 2025 the annual cost of care will be £33,000 per person. Tightening eligibility criteria for funding has meant that of the two million older people now in England with care-related...

How are we spending our disposable income?

In the September 2013 five week reporting period, the amount spent in the UK retail industry was £33.9 billion, according to the ONS (Office of National Statistics). This compares with £26.9 billion in the four weeks of August 2013 and £32.9 billion in the five weeks of September 2012, equating to an average weekly spend...

Ten things to do to make sure you can live on your pension

It pays to be prepared as retirement nears – be prepared for change and the inevitable decision-making. The Money Advice Service recommends that from about two years out, you should start thinking about your options and planning for the choices you’ll need to make. Consider getting professional advice because there are decisions that will shape...

November Market Commentary

October was another good month for world stock markets, with all the major markets except China and Japan making gains. Despite the continuing disagreements between the President and Congress, the US Dow Jones index reached another record high – even though the agreement to end the financial stalemate and keep the country solvent came at...