Congratulations to the financial boffins at Virgin Money for coming up with the idea of a 99p coin to free us from unwanted coppers and save the nation 133m in discarded change.The Diary notes that the idea recently reared its head as an election pledge in the 2005 “manicfesto” of the Official Monster Raving Loony Party. Has Richard Branson been lunching with party leader Alan “Howling Lord” Hope? If so, maybe we will see Virgin Money backing other OMRLP policies such as: opposing the euro but inviting all European countries to join the pound, taxing rich people for printing money because they use most of it, and giving tax credits to nice people, but imposing a “total b*****d” tax on everyone else.
Whoever will be entering the frame of financial services next?
Robust risk management, prudential regulation and a resil-ient UK economy will ensure stability in the life insurance industry over the next 12 months, says a new Standard & Poor’s report. The Life Insurance Industry Risk Analysis report, the first of it kind carried out by S&P, says 85 per cent of life ins- urers in […]
Following my divorce, it has been agreed that I am to receive a half share in my husband’s three pension schemes, being the British Telecom, local authority and police force schemes. My solicitor has told me to seek independent advice as to what I should do with these pension shares.
Which? is calling on the financial services industry to sign up to a list of new standards which it says will restore confidence and avoid misselling scandals. In a consultation paper, entitled, Time For A Change, Which? has compiled standards it believes firms should abide by, such as a set of customer principles included in […]
‘Work like a dog day’ recognises the hardest-working people. On this day, employers show their appreciation for all of their employees who carry the heaviest workloads.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]