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Tories to outline long term care proposals

The Conservative Party is set to revive its pre-election plan for an optional insurance scheme to cover long term care according to the Financial Times.

The scheme proposes the elderly are offered insurance on assets usually their home which insures them against having to sell up to meet their care costs.

The FT says the proposals will be hammered out during a two day shadow policy summit which will also discuss cutting the basic rate of income tax to 10 per cent from the current 20 per cent.


Britannic pays out £6m in endowment review

Britannic Assurance has been hit with a £7m bill thanks to computer hiccups and poor endowment sales practices. The life office, which has recnently made a push into the IFA market, set the aside the cash in its 1998 reserves. Some £6m is being handed out to industrial branch customers with 15 year endowment product […]

Saga launches its own cash Isa

Over-50s services provider Saga is launching three cash Isas offering customers fixed or variable rates of interest.Saga is issuing the products to coincide with research that shows 57 per cent of consumers want the Government to increase the investment limits for Individual Savings Accounts.The research also shows that one in three would like just one […]

Business adviser warns of impending self assessment deadline

Specialist business advisers Grant Thornton is warning the deadline for taxpayers wanting the Inland Revenue to calculate their tax bill is fast approaching.The company says these self assessment forms must be in by September 30 at the latest.Grant Thornton tax partner Ian Johnson says: &#34For many people getting the form back to the Revenue by […]

Isa sales grow but IFA market share declines

Isa sales are picking up but IFAs are failing to capitalise, according todata from Autif.July Isa sales outstripped Pep sales in July last year, with net Isa salesfor July reaching £639m compared with £586m in June and Pep sales of £475min July 1998.But IFAs saw their share of the market drop slightly from June. They […]

Sticking to valuation discipline when investing in China

Journalist Alexis Xydias discusses the opportunities – and potential pitfalls – of investing in China with Artemis fund manager Peter Saacke. With Peter holding significant positions in China in the Artemis funds he manages, journalist Alexis Xydias quizzes Peter on the risks of investing in Chinese stocks – including over-valuations, margin trading and financial reporting issues. Click here for video


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