View more on these topics

Chelsea Building Society – 3-Year Fixed Rate Option (3rd Issue)

Type: High-interest account

Minimum-maximum investment: £1,000-£500,000

Fixed term: Until February 14, 2007

Fixed rate: 5.15% gross a year, 5.03% gross a month

Withdrawal penalties: Loss of 90 days&#39 interest during the term

Tel: 0800 429429


Temple officially in default

The Financial Services Compensation Scheme has officially declared RJ Temple in default opening the way for individuals who have lost money to claim compensation from the FSCS. The Scheme says most claims against the firm will be resolved within six months.

Product matters

Advisers working with blue-collar workers should sit up and take note of a new kid on the income protection block. Holloway Friendly Society has taken an innovative look at this too often underestimated product. Unlike more traditional products, its plan has day-one cover, no female or smoker loadings and, most significantly, no occupational loadings. Combine […]

Replacement business costs St James&#39s Place £250k fine

St James&#39s Place has been fined £250,000 by the FSA for serious breaches of monitoring and record-keeping requirements relating to replacement business. The action refers to recommendations to customers made by the firms&#39 appointed representatives to surrender and replace existing investment contracts arranged by competing providers, a process referred to as a replacement sale. The […]

My hopes for Misys were dashed by charges

Until December 2002, I was a member of DBS Financial Management for over 14 years. During this period, Ken Davy and Don Westacott achieved their goal by making the company the biggest and best network in the UK. When the takeover by the Misys group was announced, I, like many of my colleagues, thought that […]

Japan Economic Insight

James Dowey, Chief Economist, and Paul Caruana-Galizia, Economist

The conventional wisdom is that following a roughly 50 per cent rise in the stock market in 2013 in Yen terms, the Japan trade is over and done*. So the story goes, those big gains were due to a one-off boost from quantitative easing (QE) and a depreciation of the Yen — policies that one should think of as a palliative to Japan’s economic weakness, but not a cure. Rather the cure, and by implication the necessary condition for a longer-term investment case, is deep structural reforms — a painstaking re-weaving of Japan’s economic and social fabric, no less. The story continues: this is a much tougher test than launching a blast of QE, and one that prime minister Shinzo Abe, although well intentioned and well supported by the public thus far, is likely to fail. Stick a fork in Japan, it’s done…continue reading


News and expert analysis straight to your inbox

Sign up


    Leave a comment