No change in Bank of England base rate

The Monetary Policy Committee voted today to keep base rate at 3.75 per cent for another month. This was largely expected by the industry following a 0.25 per cent increase last month.

Charcol senior technical manager Ray Boulger says: “Any decision other than no change would have been a major surprise &#45 we do not expect further Base Rate increases for a couple of months yet.”

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Risky business

I left you last week with the thought that those relying on their business as the sole means of delivering financial security are effectively making a choice to invest wholly into a single – usually unquoted – equity. The risk of market forces, technological developments or even Government policy moving against the business at a […]

Keir is joining Swip in UK equities investment role

Scottish Widows Investment Partnership has appointed David Keir as investment director UK equities. Keir is a chartered accountant and joins Swip from Edinburgh Fund Managers where he has been investment manager covering UK equities. He will take charge of retail and institutional business, including research, replacing Graham Campbell who left the firm to set up […]

Temple officially in default

The Financial Services Compensation Scheme has officially declared RJ Temple in default opening the way for individuals who have lost money to claim compensation from the FSCS. The Scheme says most claims against the firm will be resolved within six months.

Chelsea Building Society – 3-Year Fixed Rate Option (3rd Issue)

Type: High-interest account Minimum-maximum investment: £1,000-£500,000 Fixed term: Until February 14, 2007 Fixed rate: 5.15% gross a year, 5.03% gross a month Withdrawal penalties: Loss of 90 days&#39 interest during the term Tel: 0800 429429

Retirement - thumbnail

(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.

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