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Base instincts

The No S*!@ Sherlock award for earth-shattering news this week has to go to Yorkshire Bank. What journalist could resist a press release bearing the headline, Yorkshire offset still tracks Bank of England base rate?

The Diary applauds Yorkshire&#39s decision to pass on all 0.25 per cent of the recent rate cut but the society&#39s headline is up there with newsprint classics such as “Something went wrong in jet crash, expert says”, “British left waffles on Falklands Isles” or “Small earthquake in Bolivia – not many hurt.”


Abbey National restructures as it loses nearly £1bn

Abbey National has described its 2002 results as “extremely unsatisfactory” as it turns its back on recent expansions to concentrate on direct and intermediary retail financial services. The company says it has lost £984m before tax, due to problems with its life companies and wholesale banking divisions.

Independent view

One of my favourite Tommy Cooper gags has considerable resonance with the prevailing mood among investors as we limp towards the height of the Isa season. It tells of a motorist in East Anglia who pulls over to ask a local for directions to Norwich. “I wouldn&#39t start from here,” is the reply.The point of […]

Norwich Union – Prosper (Growth) Bond Issue 5

Friday, 28 February 2003 Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £3,500-no maximum Term: Five years Guarantee: Capital returned in full regardless of the performance of the index Return: Up to 57.5% net growth at end of term Closing date: March 28, 2003 Special offer: […]

Means to a trend

In the last couple of articles, I have looked at trends in male and female life expectancy over the last few decades and highlighted the implications of the significant increases we have seen.I considered the impact these trends could have on the demand from clients for conventional annuities or flexible retirement income options such as […]


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