HBOS has launched an offshore savings arm for British expatriates resident abroad.Halifax International opens with internet and telephone banking available on two accounts – a web saver account and regular saver account. Both allow savings accounts denominated in sterling, euros or dollars.The regular saver account opens with 7 per cent gross on savings, but does […]
The FSA has formed a team of nine internal staff to implement its recommendations for Northern Rock, following the regulator’s investigations last month.The team, lead by head of supervision for small mortgage firms and credit unions Mandy Spink, will have a month to develop detailed plans for the bank and a year to implement them.During […]
By the middle of last week, markets were feeling a little calmer and it was beginning to look as though the FTSE was capable of climbing above 6,000. However, the fact remains that news is still not improving. With UBS announcing further write-offs and its chief executive falling on his sword, it is clear that turmoil in credit markets has some way to run yet. In the UK, we saw the fourth consecutive month of falling house prices and the number of lenders withdrawing their mortgage products continues to grow.
Ewan Thompson, Head of Emerging Market Equities, Neptune Although in political terms 2016 will be remembered for the seismic shocks of the Brexit vote and Trump’s presidential victory, the year was also a watershed for the global economy and emerging markets in particular. Following five years in the wilderness, the conditions are now in place […]
Schroders and Lloyds Banking Group have joined forces for a financial planning and wealth management proposition for wealthy clients. The new business aims to address the “growing gap in the advice market” through a personalised, advice-led proposition. The partnership will bolster Schroders’ expansion into the UK wealth management market, while Lloyds says it will help develop […]
The gap between what women earn and save compared to men continues to grow according to Office for National Statistics figures released today. Analysis for young people aged 16 to 29 shows the level and growth of median annual earnings were generally lower for women than men whether they were degree or school-educated or had […]