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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A High Court judge says the FCA can submit evidence in a case that could shape how Sipp misselling claims are handled in the future. In the case, which started today, lorry driver Russell Adams alleges Carey Pensions missold him a self-invested personal pension. Carey Pensions is accused of using unregulated introducers to invest Adams’s […]
Studies have found funds can be too big or too small to outperform, suggesting size does matter The assessment of whether to invest in a certain fund is a tricky business. Bearing in mind roughly 90 per cent of active funds do not beat their benchmarks over periods longer than 10 years, the odds are […]
The following sorry verse embodies procrastination on a whole new level: “Hello there, my name’s Phil; I rap like a small bear writing a will [diligently]; Estate-planning, ninja-whooping IHT; Shame I’m not as bizzie [urban affectation] with the RLP.” These words were penned in response to my father’s short verse sent to me, after the […]