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Britain is “nation of shareholders” says Schwab

Britain is a nation of shareholders, according to new research for Charles Schwab, the online discount broker.

From a sample of 2,000 phone interviews carried out in February, Schwab found 13.5 million Britons have a stockmarket investment of some kind, including shares held directly or unit and investment trusts.

A further 2.7 m people have considered buying stocks and shares and 200,000 people will set up an account with a stockbroker in the next six months.

The research also indicates that investor confidence is high. About half of British investors, seven million people, believe their investment has performed well over the past 12 months.


Scale of endowment shortfalls revealed

Standard Life figures indicate nearly half its 1.2m endowment mortgage policies are off target and on its current projection rates 530,000 of its customers will not fully repay their mortgages. 120,000 mortgage holders at Royal Insurance and Sun Alliance, 200,000 at Scottish Life, 100,000 at Prudential; 140,000 at AXA Sun Life, 110,000 at Allied Dunbar, […]

Internet payments to clear immediately

The Association of Payment Clearing Services have agreed that by next year, internet payments will be credited or debited straight away. The new payment system was announced after it met last week to discuss modernising the 200-year-old cheque clearing system. Cheque and debit card payments could also be speeded up under the reforms.At the moment, […]

ScotEq moving into protection

Scottish Equitable is to enter the individual protection market thisautumn with products including term insurance, critical-illness andkeyperson cover.The range, which is likely to be menu-based, will allow IFAs to mix and match the cover to fit with customers&#39 needs.ScotEq believes the move will be complementary to its existing businessareas of personal pensions and investment bonds. […]

Halifax and Woolwich offer mortgage brokers on-line access

The Halifax and the Woolwich have joined the internet bandwagon offering mortgage brokers on-line accessThere are currently eight “high street” mortgage suppliers offering between 30 and 40 loans products over the net. Online mortgage brokerages are also taking off in a big way with Emfinance promising a decision within three minutes on online mortgage applications.On […]


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