View more on these topics

Interest rate left unchanged

The Bank of England Monetary Policy Committee has voted to leave interest rates unchanged at 5 per cent, despite calls from the manufacturing sector, already in recession.

The decision had been widely expected in the light of the strength of the housing market and high street spending, but the FTSE responded by falling to a three year low below 5200 at midday.

Recommended

Express concerns

There can be little doubt that for the vast majority of industries the pressure to e-enable every possible part of their business has diminished in recent months. Life may never be the same again for booksellers or record shops but many other industries will be breathing a sigh of relief as the pace of e-commerce […]

FundsNetwork increases partnerships

Fidelity&#39s FundsNetwork has signed white-labelling deals with online bank Smile and IFAs Allenbridge and Rosan Helmsley. The move brings the fund supermarket&#39s white-labelling partners to 11.Fidelity is also adding two new fund groups to the platform. Gerrard Investment Funds and First State Investments take the total number of providers to 36, offering more than 525 […]

DWP to switch on pension TV

Pension advice on digital television is in view after the Department of Work and Pensions approached companies to produce interactive programmes. Interactive digital TV screens could allow viewers to get advice about pensions in a similar fashion to decision trees. The project is a joint venture between the DWP and the Inland Revenue. Pensions will […]

Tiers for fears

Commission levels for regulated business are greater than can be supported by the product. This is clearly unsustainable over the longer term. Increasing product commoditisation and cost transparency continue to place pressure on commission levels, potentially reducing them by more than two-thirds over the next couple of years. So far, little has been done to […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment