Bank of England deputy governor Charles Bean has hinted that further quantitative easing may be needed.
Gordon Brown attempted to derail Lord Turner’s pension reforms by threatening to bring down Tony Blair over the loans for peerages scandal, according to Blair’s memoir. In A Journey, published this morning, Blair writes that Brown told him to shelve Turner’s pension reform proposals or he would call for an inquiry into the loans scandal. […]
Labour leadership candidate Ed Balls has called for a reform of housing policy which would see £6bn pumped into affordable housing and VAT slashed for home repair, maintenance and improvements. In an article published on the Labour List website today, the Shadow Children and Education Secretary says the moves could be funded by the fact […]
Santander has emerged as the lender with the highest number of customer complaints relative to its number of customers after the FSA ordered banks to publish complaints data. The bank received 216,158 complaints in the first half of the year, 7 per cent down on the previous year, giving it the highest ratio of complaints […]
The figures show the open market option is succeeding.
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Lawyers who represent investors against Berkeley Burke over allegations of mis-sold Sipps estimate more than 1,000 claims could be in the pipeline. The High Court has approved a group litigation order relating to claims against Berkeley Burke Sipp Administration, and those affected have until 23 July 2018 to register to join the group action. It […]
Do not be spooked by recent falls. The bull market has further to run. Stockmarkets have been thriving in the not-too-hot, not-too-cold “Goldilocks” backdrop of the last few years. Growth has been strong enough to boost profits, and inflation low enough to keep central bank policy loose. Recent stockmarket weakness is centred on signs that […]
The FCA continues to engage with the asset management industry on new European regulations as questions remain over how firms should report costs and charges. After over a month since Mifid II and Priips came into force, concerns have been raised on how fund fees, in particular transaction costs, should be calculated under the two […]