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Correspondent's Week
“Ethiopia. I'm going to Ethiopia. Why?” This was my initial reaction when I was pre sented with a trip to this African paradise. But what could this former war-torn, famine-plagued corner of East Africa have to do with the financial services industry in the UK? Let's get this straight from the start. Ethiopia has nothing […]
Executive stress
I am a 60-year-old director of a company. My executive pension plan has just matured. I noticed a performance comparison in the financial press where my insurance company shows what returns it would have given on a policy similar to mine. The returns it quotes are much more than I got. In fact, I paid […]
Yorkshire taking the 'moral high ground' to gain edge on rivals
Yorkshire Building Society's customer promise to its one million members marks an escalation in the competition between lenders. Last week's move raises the stakes from a war on price to one covering principles and service. Communications manager David Holmes says: “This is the next stage of proving what a mutual can do. “For the last […]
Berry Birch profits slump as Moores Marr takeover fails
A failed attempt to buy rival IFA firm Moores Marr Bradley contributed to sharply reduced six-month profits at Berry Birch & Noble. Profits plunged to £177,000 for the half-year to July 31 compared with £355,000 for the same period last year, a drop of more than 50 per cent. Berry Birch & Noble paid £141,000 […]
Bonds in 2017: Stick or twist?
Royal London Asset Management Bond Fund Managers Paola Binns and Craig Inches look at why short duration could be a key tactic for fixed income investors during 2017. Read the full article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors […]
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Schroders and Lloyds team up for advice partnership
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 […]
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Women’s private pension pots outstrip men’s, says ONS
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 […]
