View more on these topics

DSS to give details of compensation for widows &#39misadvised&#39 over Serps

The Department of Social Security says that it will soon be releasing details of how people &#39misadvised&#39 about changes to Serps for widows can claim compensation.


Pensions minister Stephen Timms told the House of Commons he did not believe that large numbers of people had been misadvised.


But he admitted the DSS leaflets had not been updated between 1986 and 1996, which meant that some people might have made the wrong decision about retirement provision.

Recommended

Berkeley Alexander launches mortgage protection product

Sussex-based underwriting agency Berkeley Alexander has launched what it says is the UK&#39s most competitively priced mortgage protection.Premiums in the &#39safety-first&#39 range from £2.25 per £100 of monthly benefit with a 90-day excess to £3.00 per £100 with a 30 day excess.It also provides up to 12 monthly tax free benefits up to £2,500 per […]

Zurich says it is on course for 15 per cent earnings growth

Zurich Financial Services says that it expects to report strong underlying earnings growth for 1998.It says that net earnings are well in excess of target growth of 15 per cent.It also says that the merger plan between Zurich Insurance and BAT&#39s financial services business is progressing very well in terms of increased efficiency and developing […]

Abbey National welcomes DTI mortgage initiatives

Abbey National has welcomed the Chancellor&#39s announcement of a DTI package to make mortgages and credit more transparent to consumers.The lender says it mirrors its own commitment to make financial services more transparent.It has also welcomed the announcement that the Financial Services Authority will be publishing league tables for savings, pensions and investments, although it […]

National Savings takes £10bn in ten months

Sales of National Savings products in January 1999 totalled £869m bringing the total for ten months to £10bn.Total liabilities are now £64.2bn an increase of £899m from the start of the financial year.

Value remains within European equities

By Rob Burnett, Neptune European Opportunities Fund

In recent months, investors have become more pessimistic about both the European and the US economic outlook and yet stockmarkets have pushed on to new highs. Some would argue that this is a worrying divergence. We would take the opposite view. This appears to be classic bull market behaviour. A wall of worry has been rebuilt, and stockmarket resilience should be taken as a sign of strength. The market is discounting an improving economic outlook ahead, particularly in the south of Europe.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment