View more on these topics

Bank of England cuts rate to 4.75 per cent

The Bank of England has cut interest rates by 0.25 per cent to 4.75 per cent, following yesterday&#39s 0.5 per cent cuts by the US Federal Reserve and the European Central Bank.

The cut was made desite inflation rising 0.4 per cent last month to 2.6 per cent, just above the Government&#39s target rate of 2.5 per cent.

Recommended

Bidding may heat up as offer goes in for Exchange

Exchange FS has received a takeover bid from an unnamed buyer which could spark off further bids for the portal.Industry insiders believe the prospective purchaser may be software provider Marlborough Stirling.Marlborough Stirling supplies systems and services to major lenders and life offices, although it is likely that other parties will enter the bidding to pick […]

Another Towry man for Wentworth

IFA retirement specialist firm Wentworth Rose has appointed Malcolm Thomas as head of pensions, the second recruit from Towry Law in the last month. Thomas joined Hogg Robinson in 1994 and moved to Towry last year as sales manager leading its retirement advice teams. Towry is requiring board director Tudor Taylor to honour his contract […]

Buffett to hold shares to avert panic

US investment guru Warren Buffett says he will not be selling shares when the New York Stock Exchange reopens today after the terrorist attacks.All eyes are on the US stockmarket today to see if the attacks will spark a recession following plunging markets around the world. Many expect an interest rate cut from the Federal […]

L&G adds lifestyle option

Legal & General is offering a new lifestyle option on its pension fund range.The global equity index/ index-linked gilt lifestyle option invests initially in the global equity index fund before switching gradually into index-linked gilt and cash funds.The life office says the move demonstrates its commitment to IFAs by bringing the total number of lifestyle […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com