Shadow chancellor Oliver Letwin has slammed Gordon Brown's pre Budget speech saying Brown has conveniently excluded figures showing the savings ratio has halved and neglected to mention the relationship between this statstic and the rise in means testing for pensioners.
Mondays have got a bad name – mainly because of people like Bob Geldof who go on about how much they hate them. But for me, they are by far my happiest day of the working week. Today, like most other Mondays,I arrive in the office late, drink coffee, check emails and enjoy the peace. […]
The Chelsea Building Society is launching a new children's account available at 4 per cent gross pa. It will offer instant access with a minimum opening balance of £1 with a maximum of £5000.
The way mortgage lenders compete for new business results in cross-subsidisation from existing borrowers paying standard variable rates to new borrowers taking out discounted variable and short- term fixed rate mortgages according to Miles' findings. He says this practice means that longer-term fixed -rate mortgages appear expensive when compared with discounted mortgages.
NDF Administration has brought out a capital-protected bond that can be linked to the Halifax House Price Index, the FTSE 100 index or a combination of both indices for six years. The bond will return all investors' original capital at the end of the term regardless of index performance. Investors will also get 100 per […]
The Legal Services Act of 2007, which opened up the legal market to competition, has put the cat among the professional pigeons. In the words of a 2015 Law Society report on what the legal profession is likely to look like in five years’ time: “Business as usual is not an option for many, if […]
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Neil Woodford’s signature equity income fund is being moved out of the Investment Association’s Equity Income sector after failing to beat the FTSE All Share index over the past three years. Woodford Investment Management confirmed this morning that the Woodford Equity Income fund would be moving into the Investment Association All Companies sector. A fund […]
In a challenging market environment, the advice profession has continued to excel this year. Those that make it through Money Marketing’s rigorous judging process to be honoured with an award are truly recognised as the cream of an industry now rightly calling itself a profession. This year, the amount and quality of submissions has been […]
Sipp firm Carey Pensions has claimed it never supplied marketing material to unregulated introducers to promote its products, as its High Court case rumbles on this week. Carey Pensions chief executive Christine Hallett gave evidence in the third day of the case yesterday, in which lorry driver Russell Adams alleges Carey Pensions missold him a Sipp. Prosecution […]