View more on these topics

Govt prepares £60m bailout of Dunfermline BS

The Government is preparing an emergency £60m bailout of Scotland’s largest building society Dunfermline in a bid to prevent a run on the mutual.

According to reports in the national press, Dunfermline is believed to be in trouble as a result of heavy losses on its commercial property and residential loan books.

The FSA is though to have attempted to prompt a number of mutuals including Nationwide and Yorkshire to take over Dunfermline but no deal has yet been brokered.


Recommended

The bountiful game

I enjoy rugby union but regular tinkering with the rules is confusing and suggests the underlying principles of the game need constant modification. I am a football man and believe simplicity of the rules is its strength. I was thinking of this when I looked at the changes that the Association of British Insurers’ protection committee are making to total permanent disability.

Bargain hunt

Two events stick in my mind from last week and reaffirm my growing conviction that the real risk for investors now is being out of the market, rather than in.

Firms to follow guarantee rise

MetLife’s decision to increase prices on its income for life and capital guarantees is likely to trigger price hikes by other players, warns Annuity Direct director Stuart Bayliss.Money Marketing revealed last week that MetLife was pushing up prices as well as dropping the maximum equity exposure available on its guarantee from 85 per cent to […]

Where next for the price of oil?

Having stabilised at around $65 a barrel, many investors are questioning if the price of oil will rise, and when. Richard Hulf provides his view. Richard Hulf, manager of the Artemis Global Energy Fund, sets out his thoughts about how the oil price may move through the next six months. At the start of the […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com