Royal Bank of Scotland Group has confirmed today it will be launching a £12bn rights issue in a bid to reposition its capital ratios and strengthen its capital base.
With property prices falling in some areas, you would think that there was an opportunity for struggling first-time buyers trying to get on the housing ladder. Unfortunately, while prices may become more affordable, the rapidly diminishing number of high loan to value mortgages means the majority of first-time buyers will not be able to take advantage of this situation.
I refer to a recent thought- provoking article in Money Marketing on treating customers fairly.
The Investment Management Association has called for a £50,000 compensation limit for bank depositors in a bid restore confidence in the system.
Much has been publicised about how to calculate the tapered Annual Allowance (AA). Are you aware that any subsequent planning could affect the taper calculations? Read more
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The Financial Ombudsman Service has appointed Money and Mental Health Policy Institute vice chair Richard Lloyd to lead an independent review into its complaints handling process. The former Which? executive director has been charged with producing a report into FOS’ practices after a Channel 4 documentary earlier this year suggested a number of failures at […]
Aberdeen Standard Investments has voted against multi-million pound payouts for senior executives at housebuilder Persimmon. Persimmon held its annual general meeting today. There was a huge outcry at the end last year when it emerged the chief executive, chief financial officer and managing director of Persimmon were in line for huge pay packets as a […]
Consideration of non-pensions related tax-advantaged investment is becoming more necessary This week I want to take a look at where things stand in relation to pensions and planning using tax-advantaged investments following the Spring Statement. With the increasing impact of the lifetime and annual allowances, consideration of non-pensions-related tax-advantaged investments is becoming ever more necessary […]