Slow Motion Bank Robbery

Slow Motion Bank Robbery

While interest rates a currently low is saving a form of slow motion bank robbery ? A government raid on peoples wealth, the people who are too afraid to expose their capital to the risk of stock market investment. ¬†At present - with inflation rates higher than the average deposit interest rates, the longer you save the less their worth. Recent figures from the tax authorities in the UK show that more than 75% of the money going into tax free savings accounts (called ISAs) are going into deposit style savings accounts rather than investment accounts linked to the value of assets such as property, stocks or bonds. Are people so frightened of money, and investment in general that … [Read more...]

I’ve lost a friend

lost a friend

Have you ever considered what happens when someone dies ? To be honest, I've never really given this much thought until recently losing a close friend and being asked by his family to help deal with his affairs. Over the last few weeks, I've been busy learning all about the legal and financial processes involved in dealing with the financial affairs of someone who is no longer with us, but not only this - dealing with his general life stuff too - from his newspapers to his house insurance to his driving licence. The list of things to do is huge. From helping to register the death, to helping to arrange a funeral, and then dealing with the financial affairs of someone who hadn't … [Read more...]