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Customers continue to leave Big Four banks

Around 3.5 per cent of the Big Four banks&#39 current account customers are set to switch in the next year, according to figures published by Which magazine.

The survey shows that 863,872 intend to leave the Big Four and that the rate of switching has almost tripled since the DTI carried out its research into switching behaviour in 2000. At that time only 6per cent of total current account customers had switched in the previous five years.

Which head of money research Ashley Sharpe says: “We’re delighted to see these figures show that more and more customers of the Big Four banks are voting with their wallets and refusing to put up with dreadful rates of interest and poor service.”


Cancer makes up most CI claims says Scot Prov

Almost half of male critical illness claims and the vast majority of female claims are cancer related according to new figures from Scottish Provident.Cancer is the cause of forty-seven per cent of males claims through the provider and 79 per cent of womens&#39 are Scot Prov says.Nearly half of the female claims are due to […]

Aberdeen suspends two more split-cap trusts

Aberdeen Asset Management has suspended two more of its split-cap investment trusts, leaving investors unlikely to see any ret-urn on their money.The boards of Aberdeen&#39s high-income trust and leveraged income fund suspended trading last week.The news comes only a week after its media & income trust was put into liquidation.Seven splits from across the industry […]

Berkeley Alexander – HospitalCARE

Monday, 29 July 2002 Type: Private medical insurance Minimum-maximum ages: 18-64 Maximum benefit: Section one – £5,000, section two – £10,000, section three – £5,000, section four – £5,000, section five – £1,500 Cover provided: Section one – Angioplasty, cartilage operation, dental work, ears, eyes, nose,throat, duodenal, peptic or gastric ulcers, gall bladder, hernias, haemorrhoids […]

Sweet Charity

Welcome to my first column as I take over from my old friend Brian Lawless. Brian will certainly be a hard act to follow but I would like to start with a topic frequently raised by financial advisers – suitable investments for charities.Most charities are constituted as trusts. The last few years have certainly been […]


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