Poor Abbey PR Charles Ansdell had the fright of his career when a less than observant MM hack sent him an email about a lunch meeting on February 22, not realising it was in fact January 22 at about 3pm. His response was: “Bejeezus, that had me worried for a second. Never send PRs emails titled ‘Lunch on the 22nd’ when it is the 22nd post-lunch. I had visions of you tapping your watch while All By Myself blasted out.” Duly noted, Charlie.
PPF burden could soar for firms after European Court of Justice decides UK pension compensation is inadequate.
The FSA has fined GE Capital Bank £610,000 for failing to have adequate systems and controls in place for selling payment protection insurance.This is the first firm that has been fined this year for PPI and a further four or five firms are expected to be fined in the next few months following the FSA’s […]
Most of the current evidence suggests that European companies are generally in excellent shape.
Capital One has entered the equity-release sector.The credit card and secured loan company has signed a deal with In Retirement Services which will see it pass cases on to the equity-release specialist.It will not aggressively promote the service during the initial stages of the deal but that could change in the future. Instead, Capital One […]
Royal London carried out a UK wide survey with 2,500 consumers age 35-44 over the summer. The survey found that over a third, 34 per cent, said their finances felt Squeezed and so were struggling to meet day-to-day expenses, despite 87 per cent being aware that they need to save more. However, the survey did […]
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The Government should consider allowing people to lower their contribution rates to 8 per cent under auto-enrolment to prevent a potential spike in opt-out rates over the next few years, AJ Bell says. Contribution rates are due to rise to 5 per cent in April this year and 8 per cent in April 2019 with […]
French asset manager Carmignac has called for more clarification on the new research costs rules under Mifid II as it claims rival firms have wrongly stated what the directive means for their business. Speaking to Money Marketing after an event in Paris, Carmignac managing director Didier Saint-Georges referred to asset managers as “cheeky” in their […]
Five overlooked government credits and allowances advisers should look out for