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Consumer Panel chairman calls on Govt to guarantee all deposits

Financial Services Consumer Panel chairman Lord Lipsey has called it a “national disgrace” that the Government will not guarantee all bank deposits.

The Labour Peer has called on the Government to extend its guarantee to cover all bank deposits as the Irish Government has done.

He called it a “national disgrace” that British depositors have less protection than their Irish counterparts, even after the Government extends depositor protection from £35,000 to £50,000.

Speaking on the BBC news yesterday, he said that in practice, if a bank failed the Government would be pushed to cover all deposits anyway, but it would reassure consumers to have a full guarantee in place from the outset.


FSA warns on Sipp advice

The FSA is warning firms they must ensure they give consumers suitable advice about transferring built-up national insurance rebates into self-invested personal pensions.

Dividend slump? Not if you look globally

By George Boyd-Bowman, Manager of the Neptune Global Income Fund Recent research has indicated that global dividend growth will slump by as much as 50 per cent in 2016. As collapsing commodities hit high-profile dividend payers, George Boyd-Bowman explains why the US and Japan are his top picks for income growth in 2016. Click here […]


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