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	<title>Paul Wilcox&#039;s Blog &#187; News</title>
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	<description>Views and opinions on a wide range of the financial issues of the day.</description>
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		<title>Plan for the worst!</title>
		<link>http://wayblog.co.uk/news/plan_for_theworst/</link>
		<comments>http://wayblog.co.uk/news/plan_for_theworst/#comments</comments>
		<pubDate>Fri, 28 Aug 2009 00:49:38 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Financial Planning]]></category>
		<category><![CDATA[IFAs]]></category>
		<category><![CDATA[IHT Mitigation]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Recession]]></category>

		<guid isPermaLink="false">http://wayblog.co.uk/?p=232</guid>
		<description><![CDATA[Hope for the best but plan for the worst! Most folk like just enough uncertainty to keep life interesting but not so much as to make them over-anxious. Unfortunately, the current environment puts many people in the second camp. We are currently facing a ‘flu pandemic and whilst most of us logically know that the [...]]]></description>
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		<title>Ken Clarke fails to stop Cameron and Osborne committing election suicide</title>
		<link>http://wayblog.co.uk/news/ken-clarke-fails-to-stop-cameron-and-osborne-committing-election-suicide/</link>
		<comments>http://wayblog.co.uk/news/ken-clarke-fails-to-stop-cameron-and-osborne-committing-election-suicide/#comments</comments>
		<pubDate>Mon, 23 Mar 2009 09:43:11 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://wayblog.co.uk/?p=99</guid>
		<description><![CDATA[In September 2008 I penned a piece about what I then thought was the likelihood of the Tories following through on their 2007 pledge to increase the personal Nil Rate Band (NRB) for Inheritance Tax (IHT) to £1 million. The question of increasing the NRB was raised again with Ken Clarke on Sunday 22nd March [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Humanitarian aid is in our hands</title>
		<link>http://wayblog.co.uk/news/humanitarian-aid-is-in-our-hands/</link>
		<comments>http://wayblog.co.uk/news/humanitarian-aid-is-in-our-hands/#comments</comments>
		<pubDate>Fri, 20 Mar 2009 08:38:58 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://wayblog.co.uk/?p=96</guid>
		<description><![CDATA[Returning from Australia late in January we avoided travelling for 26 hours non-stop by taking a two day stopover in Dubai.  Having spent a miserable time being monsoon rained upon for days on end in the Whitsunday islands (discovered by James Cook, British navigator on Whit Sunday in 1770 – us Brits are nothing if [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Once in a lifetime IHT planning opportunity</title>
		<link>http://wayblog.co.uk/news/once-in-a-lifetime-iht-planning-opportunity/</link>
		<comments>http://wayblog.co.uk/news/once-in-a-lifetime-iht-planning-opportunity/#comments</comments>
		<pubDate>Fri, 13 Feb 2009 09:34:24 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://wayblog.co.uk/?p=93</guid>
		<description><![CDATA[Anecdotal evidence seems to indicate that few advisers are working on Inheritance Tax mitigation at the present time and yet in reality the credit crunch has generated the most ideal environment for such planning for many years.  Whilst it is true that the transferable Nil Rate Band has taken a number of more modestly wealthy [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Far too clever, cobber</title>
		<link>http://wayblog.co.uk/news/far-too-clever-cobber/</link>
		<comments>http://wayblog.co.uk/news/far-too-clever-cobber/#comments</comments>
		<pubDate>Tue, 20 Jan 2009 09:32:50 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://wayblog.co.uk/?p=90</guid>
		<description><![CDATA[We had left for Australia early on Boxing Day and in the rush had forgotten to buy any adaptors to convert from UK to Australian electrical sockets.  So our first stop on the way from Brisbane airport to our relatives’ house was at an electrical store to buy the necessary.  I was slightly taken aback [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Sell, sell! Buy, buy!</title>
		<link>http://wayblog.co.uk/news/sell-sell-buy-buy/</link>
		<comments>http://wayblog.co.uk/news/sell-sell-buy-buy/#comments</comments>
		<pubDate>Thu, 20 Nov 2008 08:31:30 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://wayblog.co.uk/?p=87</guid>
		<description><![CDATA[We all know that markets and share prices are governed by fear and greed whereby bull markets are characterised by greed and bear markets by fear.  We also know that markets overshoot on both the upside and the downside – often within a short space of time.  Surely this is exactly what we are seeing [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Cash and the fourth dimension</title>
		<link>http://wayblog.co.uk/news/cash-and-the-fourth-dimension/</link>
		<comments>http://wayblog.co.uk/news/cash-and-the-fourth-dimension/#comments</comments>
		<pubDate>Tue, 28 Oct 2008 08:29:08 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://wayblog.co.uk/?p=84</guid>
		<description><![CDATA[Until recently the consensus view in the retail press and amongst many of the investing public was that cash, and only cash, constituted low risk investment.  However, following the failure of the Icelandic banks and fears about the solvency of banks generally, both here and virtually everywhere else worldwide, such an assumption suddenly seems rather [...]]]></description>
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		<title>HMRC plays the ageism card on IHT planning</title>
		<link>http://wayblog.co.uk/news/hmrc-plays-the-ageism-card-on-iht-planning/</link>
		<comments>http://wayblog.co.uk/news/hmrc-plays-the-ageism-card-on-iht-planning/#comments</comments>
		<pubDate>Sun, 20 Apr 2008 09:26:50 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://wayblog.co.uk/?p=81</guid>
		<description><![CDATA[The value of a gift for Inheritance Tax purposes is calculated not by reference to the value of what you have given away but by reference to the diminution of your estate as a result of making the gift.  This subtlety avoids evasion by making small gifts which dramatically reduce the value of one’s estate [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Multi-manager a.k.a. unitised portfolio funds</title>
		<link>http://wayblog.co.uk/news/multi-manager-aka-unitised-portfolio-funds/</link>
		<comments>http://wayblog.co.uk/news/multi-manager-aka-unitised-portfolio-funds/#comments</comments>
		<pubDate>Tue, 01 Apr 2008 08:24:20 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://wayblog.co.uk/?p=78</guid>
		<description><![CDATA[The concept of collective investment has been around for almost a century.  Unit trust companies like M&#38;G and Save &#38; Prosper were pooling investor funds and investing with the benefits of economies of scale from the 1930s onwards.  The principle of collecting together investors’ moneys and then appointing a specialist stockpicker to run a large [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Pernicious tax hits surplus pension funds</title>
		<link>http://wayblog.co.uk/news/pernicious-tax-hits-surplus-pension-funds/</link>
		<comments>http://wayblog.co.uk/news/pernicious-tax-hits-surplus-pension-funds/#comments</comments>
		<pubDate>Tue, 06 Nov 2007 17:06:59 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://wayblog.co.uk/?p=71</guid>
		<description><![CDATA[For many years there was a persistent clamour from the financial community and from aging pensioners for the Government to change the rule that made the purchase of an annuity compulsory for 75 year olds with non-vested pension funds.  This was because pensioners wished to keep their funds intact for their beneficiaries to inherit when [...]]]></description>
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