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London stocks push higher

The FTSE 100 made a strong start this morning opening up at 4,399 with miners pushing the index higher.

London equities were nudged 1.5 per cent higher by 9.38am to 4,454 with help from mining stocks which led strong gains. By 1.17pm it had held up gains at 4,453.

Rio Tinto was up 13.1 per cent to 3,076p, while BHP Billiton lifted 9.8 per cent to 1,598p.

Meanwhile banks remained positive with Barclays up 5.2 per cent to 279.75p, Lloyds Banking Group up 0.2 per cent to 67.2p and Royal Bank of Scotland up 0.3 per cent to 37.30p.


Banks double the adviser figure for upheld FOS complaints

The Financial Ombudsman Service upheld 69 per cent of bank complaints in the last year, more than double the 33 per cent upheld against advisers.Figures obtained from the FOS by Money Marketing show that the uphold rate for life insurance/investment product providers was 36 per cent in 2008/09. The figure was 45 per cent for both […]


Yesterday, all my troubles…

In response to observations that the FSA stood by and did nothing (except fritter away our money on a multi-tude of other, mostly spur-ious, things) about all the warnings it was being given about potentially toxic self-cert mortgages, Jon Pain of the FSA is quoted as having said that the regul-ator does not want to […]

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Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.


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