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Global growth to fall to 1.3 per cent in 2001

Global growth will fall to 1.3 per cent in 2001 from 4 per cent in 2000, according to predictions from the Word Bank.

The World Bank is forecasting that East Asian output will only grow by 4.6 per cent in 2001, down from 7.3 per cent in 2000, while the Japanese economy will shrink by 0.8 per cent in 2001.

It believes the US and Asian slumps will extend the current world downturn by a further 9 months.


Net firm and Exchange in stakeholder deal

Stakeholder designation website has signed a deal with The Exchange for an undisclosed sum to provide users with sales, marketing and distribution rights for its service.The service enables IFAs to provide online group stakeholder transaction services via pensionsbusiness&#39s online channel which effectively administers schemes from designation through to population.The launch will be supported by […]

ScotEq extends range

Scottish Equitable Protect is adding income and unemployment products to its protection range to extend the scope of its menu-based protection suite.The income product, which ScotEq says has been designed specifically with IFAs in mind, is available through its mortgage, personal and business menus, while its unemployment cover can only be accessed through the mortgage […]

Exams aim to raise standards in call centres

The Institute of Financial Services is offering a set of exams for staff in financial services contact centres.The Contact Centre Professional qualification will ensure staff are trained in customer relations as well as industry-specific topics.It consists of three modules – understanding the contact centre environment, understanding financial services from a customer perspective and personal development, […]

Nationwide fills gap with Catmarked income fund

Nationwide Building Society has filled a gap in its product portfolio with a Catmarked unit trust designed to generate high income.The high income fund is aiming to produce income of 6.5 per cent a year by investing in UK corporate bonds. At least 80 per cent of the portfolio will go into investment-grade corporate bonds […]


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