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News review: will writing, financial services, assisted dying

More than half UK adults have no will, research suggests

7 October 2013

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More than half UK adults have no will, research suggests

WILL WRITING

Some 58 per cent of adults in the UK have not written a will according to research reported by Money Marketing. The number of those in older age groups has risen significantly over the past four years.

 

FINANCIAL SERVICES

Chancellor George Osborne has sought clearance from Brussels for splitting up RBS, which is 83 per cent owned by the taxpayer, it has emerged. According to The Daily Telegraph, this would allow the government to avoid newly introduced rules on state support for banks.

 

ASSISTED DYING

Legal euthanasia on the grounds of "unbearable psychological or physical suffering" could be extended to children (with parental consent) and dementia sufferers in Belgium, reports The Sunday Times. MPs are this week debating a new bill that extends the law, which was enforced in 2002.

 

LEGAL SERVICES

The contribution of the legal sector to the UK's trade in services fell last year, according to figures from the Office for National Statistics. The Law Society Gazette reports on the sharp decline and increasing competition from foreign law firms.

 

BEHAVIOURAL FINANCE

Standard Life is due to publish a scientific study that claims saving small amounts monthly can boost confidence about finances, reports This is Money. Neuroscience agency Mindlab examined the brainwaves of men and women aged from 25 to 50.

 

PENSIONS

Ros Altmann, former Saga director, has said saving for a pension in Britain is very risky blaming the budget crisis in America, reports the Express. He said the row, which has closed down the US government and could cause it to default on its debts, has serious implications.

 

PENSIONS PANEL

Clyde & Co, Dentons and Wragge & Co have secured places on the Pension Protection Fund's main legal panel, reports The Lawyer. Four firms have been cut in the major shake-up.

 

HIGH NET WORTH

The total luxury investments of millionaires is expected to grow by 10.34% annually over the next four years, according to WealthInsight's 2020 Foresight Report. And it's fine wines and collectibles, including paintings and classic cars, topping the spend list, reports Forbes.

 

SWISS PROBE

The Swiss Financial Market Supervisory Authority is investigating a number of domestic and foreign institutions over possible foreign exchange rates rigging in currency markets, reports the International Business Times. The Financial Conduct Authority is following up allegations that traders are manipulating benchmark foreign exchange rates, as announced in June.

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