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Half the population haven’t made a will

Standard Life says half of the people in the UK do not have a will and millions could die intestate.

Its research also reveals that 74 per cent have not drawn up plans for power of attorney.

It says 3 per cent of people own property abroad but do not have a will in those countries to cover the property.

Standard discovered that people with children are less likely to have a will than those without children, with 43 per cent versus 52 per cent not having wills.

People who are married or co-habiting are less likely to have a will than people who are widowed, separated or divorced, at 53 per cent compared with 59 per cent.

National development specialist estate planning Julie Hutchison says: “A will and power of attorney should be bread and butter planning for everyone.

“Despite these being some of the most important documents that you ever sign, 50 per cent of those in our survey seem to favour the ostrich approach but sticking your head in the sand is not the answer.”


Pedal power

A team from Openwork has raised nearly 75,000 for disadvantaged kids by cycling in Egypt.The 410km charity challenge took place between Luxor and the Aswan Dam in the heart of the Egyptian desert over five days.The team of 34 advisers and employees covered an average of 82 km or 51 miles a day in batter-ing […]

Will ABI sway regulator on levy decision?

Fears are growing that fierce lobbying by the Association of British Insurers will persuade the FSA to change its position on the Financial Services Compensation Scheme funding review and leave advisers facing increased levies.Since publishing its discussion paper in March, the FSA has favoured option B – supported by Aifa and the FSCS – which […]

Public should pay levy

The Financial Services Compensation Scheme has announced that compensation for customers of Berry, Birch & Noble has been capped at 48,000 and that they are one of 80 firms declared in default in the FSCS’s latest declaration, Customers (they mean clients) of each firm will be eligible for up to 48,000 compensation, FSCS chief executive […]

Hogarth joins Cavanagh board

Paul Hogarth has joined the board of Cavanagh Group as non-executive director. Hogarth believes his experience will help Cavanagh maximise their opportunities in the fund management space. Non-executive chairman John Campbell will be moving into a part-time executive chairman role, reflecting his increased involvement in the day to day operations of the business.Hogarth was a […]


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