View more on these topics

Fear drives financial services

Fear is the main force driving financial services industry e-business investment, according to the Confederation of British Industry.


The CBI&#39s latest survey with PricewaterhouseCoopers claims the industry is “grappling with the extent of the challenges presented by e-business and what exactly its response should be.”


Of the 179 companies responding December survey 89 per cent had an internet strategy, but key sectors including banking were slow to realise the importance of e-business.


PwC senior banking partner Angus Hislop says the industry is afraid of being left behind and invests in e-business as “an act of faith”.




Recommended

Isa confusion claim

The Government is confusing worried Individual Savings Account customers, according to Gartmore.The fund management group is claiming Isa rules make consumers fear they are breaking them even when they are not.Gartmore is recommending the Government devise a single annual Isa allowance of £5,000 and stop baffling people with how much they are allowed to invest […]

Equitable confesses to annuities bill

Equitable Life has finally admitted its pensions business was hit by last year&#39s test case over the treatment of policyholders with annuity guarantees.The mutual life office said total new business had fallen from £2.62bn to £2.41bn last year, while new life business was down 8.8 per cent at £584m.Last August Equitable Life won the first […]

e-bank cyber glitches

New e-bank customers with Barclays and First-e are being hampered by glitches.Barclays, who claim to have more than 500,000 on-line customers, revealed a technical hitch is currently making life difficult for customers trying to track payments from their accounts.French-owned First-e customers are having their cheques pay-ins delayed by its process of putting paper cheques through […]

Norwich Union Catmark pledge

Norwich Union its “putting its money where its mouth is” by pledging to pay out if its Cat standard funds are out-performed by rivals.NU is promising if any of its four most popular funds don&#39t achieve better than average returns against its competitors, investors will receive a payment into funds equivalent to its annual management […]

Martin Foden discusses how convenience is affecting the construction of fixed income portfolios

In this short video, Martin Foden, head of credit research at Royal London Asset Management, discusses how convenience is affecting the construction of fixed income portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment