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Egg narrows losses

Online bank Egg has narrowed its losses to £63.4m for the first six months of this year, down from £80.7m for the same period last year.

Egg says it gained 370,000 new customers in the last six months, bringing its customer base up to 1.7m, although it would not say how many customers had left over the period.

Egg, owned by Prudential, predicts it will break even in the final quarter of this year.


Lucky number seven from NDF

NDF Administration has unveiled the seventh tranche of its extra income and growth plan, which is linked to the performance in the Eurostoxx 50 index.This stockmarket linked bond is available as a direct share investment in a Dublin based closed ended investment company, an individual savings account (Isa) or a personal equity plan (Pep) transfer.Investors […]

Govt to pay out up to £110 a week for LTC

Individuals getting nursing care in nursing homes stand to gain up to£110 a week under the Government&#39s long-term care funding proposalsrel-eased this week. The funding, due to be implemented in England on October 1, still leavesindividuals facing average costs of £283 a week, according to latestestimates of nursing care costs from Laing & Buisson, which […]

Cyclical approach for iShares

iShares has introduced the fourth and last of its new range of funds with the creation of the iBloomberg European cyclicals fund.The fund will track the iBloomberg European investible cyclicals index and is an exchange traded fund that is designed for experienced investors looking for growth.The index includes companies that are involved in areas such […]

An IFA for every employer would boost take-up of private pensions

Open letter to pensions minister Ian McCartney Stakeholder pensions have now been with us for two-and-a-half months andearly indications are that the Government&#39s grand vision of pensionplanning reform is having mixed fortunes. Stakeholder pensions have undoubtedly promoted competition within thepersonal pensions market and by and large they have improved the terms onwhich pension plans are […]

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EEF/Jelf Employee Benefits Sickness Absence Survey 2015

EEF stated in its 2015 EEF Manifesto that the UK’s growth prospects depend on people being fit, working and productive. Keeping people in work and helping people return to work is very important for the manufacturing sector. It means boosting productivity by getting people back into work as early as is possible, as well as fostering workplace cultures and environments that proactively manage individuals’ health conditions so that all can benefit from lower sickness absence outcomes.


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