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Abrdn Unveils AdviserOS: Unified Platform Launch

Abrdn is launching AdviserOS, a comprehensive platform combining their existing services Abrdn Wrap, Elevate and Fundzone into one package. AdviserOS features an extensive range of services and products designed to simplify the process of selecting and owning investments, offering numerous benefits such as portfolio tracking, financial services, access to financial advice, and more. Aiming to create a seamless service between advisers and clients, AdviserOS has been designed with Fee Transparency Initiative (FTI) and an improved client experience in mind. Abrdn's CEO, Stephen Murray, believes the platform has the power to revolutionise the financial services sector. Enable to stay up-to-date and compliant, AdviserOS marks a significant milestone for Abrdn that will lead to a new era of financial services.

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Inheritance Tax Soars: Slash Liability with 3 Genius Strategies

The Inheritance Tax is a booming wealth transfer tax that has seen nominal revenues jump 108% between 2013-2023. It is estimated that only 2% of deaths are liable for IHT, yet the tax stands to contribute an additional 30% between 2020-2067. The high rates combined with rising stock markets and house values have contributed to the tax's upsurge, likely leading to people better understanding how assets are transferred in order to pay the expected tax. The revenues generated are seen as a form of social justice, helping to redistribute wealth from the affluent to the less fortunate. With the IHT set to remain in the self-assessment regime, it is guaranteed to remain a pillar in taxation for years to come.

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Annuities: Growing Star in Retirement Guidance

Retirement planning tool annuities are once again gaining traction with retirees, according to research by Aegon and NextWealth. 24% of advisers are now regularly or frequently recommending them and 50% of advisers are recommending them more than ever before. Low interest rates and market volatility have helped make annuities attractive again, and they offer access to benefits like a guaranteed rate of return, protection from market volatility, flexibility for withdrawals, and more. However, annuities do have drawbacks like surrender charges, limited liquidity, and lack of a one-size-fits-all solution, so it's important to evaluate them in context of other retirement savings plans and consult a qualified financial professional.

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May’s 1.8% Surge: Insight from Property Gurus

May saw an impressive 1.8% rise in average asking prices due to increased optimism, confidence of sellers and the government's stamp duty holiday. This rise is accompanied with higher inventories this June, and allows house buyers and sellers to take advantage of the savings window to invest in property. The market is stable, giving both parties the security they need to ensure a promising future.

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Bold Insight’s Check UX Tackles FCA Compliance

The Consumer Duty is an ambitious overhaul of the retail finance market that puts customer needs first. It requires firms to empower customers with relevant information, provide clear cost and consequence details, and help customers make informed decisions. In addition, special attention is given to those with vulnerable characteristics, such as the elderly, by providing tailored advice and ensuring they are not receiving unsuitable services. Ultimately, the Consumer Duty allows customers to trust the services they receive and make the best decisions for them.

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Half Unaware of Final Wishes, Funeral Requests

Planning a funeral is a difficult and emotional process. A recent survey looked into the experiences, attitudes and behaviors of 367 people who had gone through funeral planning in the last two years. The results showed that most participants found making decisions on behalf of the deceased to be the most challenging aspect. Additionally, 76% reported difficulty within the family when it came to discussions regarding funeral plans. As a result, 70% had difficulties knowing what to expect and 65% said the funeral was not what they expected. Thankfully, the majority found assistance from funeral directors and celebrants. To ease some of the grieving process, it is important for families to discuss these matters quickly or for the deceased to leave detailed instructions, ensuring a more peaceful goodbye.

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