City Investments of Chester

Welcome to our blog page.

Full of our latest thoughts and various rants on financial matters - particularly Equity Release Long Term Care Planning Inheritance Tax Planning and Pension Drawdown.

IHT receipts reach record high of £4.6bn

Inheritance tax receipts have reached record levels under the current system, as HM Revenue and Customs gathered £4.6bn during 2015/16.

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Average Care Home Fees reach £30,000 pa

People needing to go into a care home now face average fees of £30,000pa. A study by Prestige Nursing, one of the UK's biggest care agencies, has found Care Fee costs are rising ten times faster than pensioner incomes

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Average Two-year tracker mortgage rates have hit an all-time low

According to Moneyfacts, average two-year tracker rates are now at an unprecedented low level of 1.96%. This is the first time average rates have been lower than 2%

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A basic guide to the Investment Responsibilities of Trustees

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Over one third of over-55s still have a mortgage

A study by Bower Retirement Solutions has highlighted the growing need for more retirement lending solutions.

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Published 5/8/2016

Equity Release market continuing to grow?

Well that’s what Equity Release lender Just Retirement predicts! Read the full Article Here >

Published 19/7/16

The FCA Relaxes affordability tests for some equity release clients

The Financial Conduct Authority is considering allowing lifetime mortgage lenders to remove affordability tests for equity release borrowers on interest only loans that can be converted  to roll-up mortgages at some time in the future

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Published 20/5/16

Scottish Widows paid 90.5% of critical illness claims in 2015

Scottish Widows has published claims statistics, which show that more than £219m was paid out in life and critical illness claims in 2015. This is equivalent to an average of more than £4m per week.

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Published 20/5/16


Mortgage Lending Figures Hit Highs

March 2016 saw mortgage lending surging. In fact mortgage lending returned to the peak levels prevailing before the financial crash.

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Published 09/5/16

Equity Release Business Grew in 2015. Most Equity release advances were by Drawdown

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Published 06/5/16

Financial pressures mount on care homes – more facing closure

Last year the number of care homes entering insolvency increased by 40% due to a range of financial pressures. Accountants Moore Stephens have analysed official figures. According to their report forty-seven care home operators in England and Wales went insolvent in 2014-15

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Latest figures show £4.6 billion in was collected in Inheritance Tax (IHT) in 2015/16.

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Published 25/4/16

What is a Lasting Power of Attorney and Why Do I Need One?

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Published 13th April 2016

Pension Drawdown Reforms - Investors withdraw £2.5bn from pension pots after April 6th 2015

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Demand for Equity release continues to grow. 7th January 2016

The Equity Release Council’s (ERC) has released some interesting insights into the demand for Equity Release.* Overall lending was up 11% to £710m to the first half of 2015. The total stood at £641m in the equivalent period last year.

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