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Griffins Financial Solutions Limited is authorised and regulated by The Financial Conduct Authority. Griffins Financial Solutions Limited is entered on the FSA register under reference: 118099. The advice and/or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at customers based in the UK.

New probate fees to affect many estates

Posted: Dec 11, 2018

The government has revived plans to raise probate fees in England and Wales.

A new, banded structure for probate fees in England and Wales is to be introduced, according to a written statement issued a week after the 2018 Budget by the Parliamentary Under Secretary of State for Justice.

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Make your will the right way

Posted: Dec 11, 2018

Like all legal documents, your will must meet certain requirements.

A will must be signed and witnessed to be valid. You must have two witnesses who can’t be beneficiaries or be married to a beneficiary. If your circumstances change – perhaps by having a child – you will need to update your will. Any changes must be signed and witnessed.

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HMRC focusing on inheritance tax returns

Posted: Dec 11, 2018

HMRC investigated almost one in four inheritance tax (IHT) returns in 2017/18, according to research published in September by UHY Hacker Young.

HMRC can impose penalties of up to 100% of the tax due on UK estates that underpay. These penalties apply even though it is often a family member who acts as executor after a relative has died. This is a stressful time, but executors have a legal duty to ensure all information is correct when applying for probate or filing an IHT return.

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FCA advises caution with crypto-currencies

Posted: Dec 11, 2018

The Financial Conduct Authority (FCA) is warning consumers about investment scams that purport to invest in crypto-currencies.

The watchdog has seen a rising number of cases, with fraudsters often advertising on social media, claiming celebrities have made significant sums investing in digital currencies, such as Bitcoin and Ether. Consumers should be wary of such claims.

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Growing ethical investment for sustainable returns

Posted: Dec 11, 2018

The amount of money invested in ethical funds has trebled over the past 10 years according to the Investment Association.

The growing demand has been backed by increased political pressure for fund managers and pension trustees to incorporate environmental, social and governance (ESG) factors as part of their investment process.

Those that support this responsible investment approach argue that this isn’t just about doing the right thing: it is about managing longer-term risks and generating sustainable returns.

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Annuity options for long-life planning

Posted: Dec 11, 2018

Life expectancy has stopped increasing according to a report from the Office for National Statistics (ONS) issued in September, but we are still living longer than ever before.

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Don’t ignore your credit report

Posted: Dec 11, 2018

It pays to be aware of your credit history to ensure no-one is applying for loans or credit cards in your name.

The three main credit reference agencies (CRAs) are Experian, Equifax and TransUnion. All will provide consumers with a copy of their credit report and you can apply online.

Lenders will use the information in these reports to determine whether or not to grant credit – and potentially what rate of interest will apply.

Your credit report will probably go back at least six years and include: 

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