View more on these topics

Association of Friendy Societies appoints new president

The association of Friendly Societies has elected Colin Paskell as president. Paskell, chief executive of the druids Sheffield Friendly Society replaces Family Assurance Friendly Society chief executive John Reeve.

Paskell says: “I see a great future for the movement, particularly working with the Government in their aspirations to help people from all walks of life to save.”


&#39Advice essential to close savings gap&#39

Financial advice is essential if the £27bn savings gap between what people need to save and what they are currently saving is to be closed, says a report from the ABI and consultants Oliver Wyman and Company.The report, called The Fut-ure Regulation of UK Savings and Investment, issued this week, says advice is necessary to […]

Global growth to fall to 1.3 per cent in 2001

Global growth will fall to 1.3 per cent in 2001 from 4 per cent in 2000, according to predictions from the Word Bank.The World Bank is forecasting that East Asian output will only grow by 4.6 per cent in 2001, down from 7.3 per cent in 2000, while the Japanese economy will shrink by 0.8 […]

Unilever and Merrill Lynch lock horns over pension fund

Unilever started its £130m damages and negligence claim this week, brought against Merrill Lynch over the management of its pension fund. Unilever says Mercury Asset Management, subsequently bought by Merrill Lynch, followed a risky investment strategy even though it had been told to invest its pension fund more cautiously. Unilever says Mercury repeatedly failed to […]

New capital bond from Newcastle Building Society

Newcastle Building Society is launching a capital safe bond this week. Even if the three indices linked to the bond, the FTSE 100, EuroSTOXX 50 and Nikkei 225 to which the bond is linked all fall over the term, investors are guaranteed all of their investment back and growth of 85 per cent of the […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment