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Which? warns of ‘will apathy’

Research from Which? Legal Service shows that 56 per cent of people surveyed don’t have a will.

In addition, 33 per cent of those over 45 years old have yet to make a will and 35 per cent over 65 years old who don’t have a will feel they don’t need one.

However, Which? says many were unaware of the consequences of not having a will. It points to the fact 33 per cent didn’t know that possessions are passed on to children of couples who are not married if one of the couple dies.

Similarly, 43 per cent didn’t know the partner of a separated, but not divorced, couple could inherit the majority of their estate instead of the current partner or children. In addition, 77 per cent didn’t know that if parents do not appoint guardians for their children, a court could do so if they were both to die.

Which? Legal Service senior lawyer Peter McCarthy says: “Our research shows that too many people are suffering from ‘will apathy’ and don’t get round to making a will, which could have serious consequences for those left behind.”


Level pegging

No other aspect of the RDR has been provoking as much debate in the industry as the proposals to increase the minimum level of qualification by the end of 2012. Many advisers are already taking action to respond to the challenge but our research shows that nearly one-third of advisers say that qualifications are their primary RDR concern.

Continental climate

European equity boutique 2CG was set up by Charles Glasse and Chris Garsten in 2000, with their identical initials presenting a simple and memorable company brand. They initially shared an office with wealth manager Laing & Cruikshank, which was subsequently bought out by UBS, serving as its European expertise.


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