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BoE

All mortgage transactions on hold as BoE hit by technical problems

UK borrowers cannot access a mortgage right now as the Bank of England confirmed a key payments system has been hit by technical problems. The Bank says it identified a technical issue this morning related to some routine maintenance of the real time gross settlement system payment system and has paused settlement while it resolves […]

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Waspi women should be given £15,000 each, Lib Dems say

The Liberal Democrats have called on the Government to correct the “injustice” faced by the Women Against State Pension Inequality Campaign by giving them £15,000 each. Stephen Lloyd, the Liberal Democrat spokesman for work and pensions says the Government should do so immediately. Lloyd argues successive administrations have failed to help women who are set […]

Ascot Lloyd Bellpenny acquisition revealed

Ascot Lloyd Bellpenny acquired Leeds-based advice firm Pantheon Financial in the week leading up to Christmas, a series of Company House filings published this week reveals. Ascot Lloyd Bellpenny refused to comment on the acquisition, but Companies House filings from 3 January show chief executive Nigel Stockton and chief financial officer Matthew Moore became directors […]

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  1. With no reward scheme for bringing additional clients and revenues to their employing company, where’s the incentive to bother?

    30 years ago, the (pensions department of) the firm I then worked for was given (by head office) a revenue target, but with no corresponding rewards for meeting it. Even worse, when the department met this target before the year end, it was revised upwards, then again when we met that one as well.

    I asked the assistant department head what was the incentive to try to meet a target that was regularly moved upwards and out of reach. He replied: You get to keep your job.

    I hated that place.

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