Around 1,300 investors in a Legal & General structured product backed by Lehman Brothers may not recover the 20 per cent of their investment lost when the bank collapsed.
What’s all this? There was a touch of excitement in Bournemouth on Tuesday. The day started with an unintentionally hilarious Today Programme head-to-head between Tory Chairman Eric Pickles and the Lib Dems’ Chris Huhne. Mr Huhne did his best attack dog impression – criticising the Conservatives for cosying up to climate change deniers, homophobes and racists in the European Parliament. I’ll say that again. Climate change deniers! Pickles accused Huhne of playing hard to get. As I said, hilarious. But pretty unedifying.
On September 9, the FTSE 100 hit 5,000 for the first time in 11 months, buoyed by a combination of positive figures on UK exports and manufacturing and investment banks welcoming ‘the return of the deal’ as Kraft bid £10bn for Cadbury. But is this the beginnings of a recovery or merely a market rally? Adviser fund index panellists are sceptical.
Earlier this month a number of life offices revealed they are looking at menu-based protection products.
Chris Taylor, Investment Director & Head of Research at Neptune The oil price has more than halved over the past 18 months. Many market participants assume this is a temporary phenomenon. We believe they are wrong. Our analysis of the changes taking place in the real world suggests the oil industry is adapting to life […]
- Top trends
- Top trends
- Waspi women should be given £15,000 each, Lib Dems say
- Steve Bee: Make way for the next generation of Waspi women
- DWP admits ‘misleading’ public on Scottish independence
- Woodford: Three picks for enticing equity valuations
- Waspi slams ‘devastating’ state pension age hike as IFS says reforms saved £5.1bn
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The chief executive of the Financial Omubdsman Service has rejected claims that the adjudicator is too consumer-focused in its approach. Appearing before some of the MPs on the Treasury committee today, Caroline Wayman said that the FOS’ objective was to decide complaints on a fair basis for both firms and individuals. She said: “We are […]
Labour has appointed a new shadow pensions minister to replace Alex Cunningham, who resigned earlier this month. MP for Birmingham Erdington Jack Dromey will take on the role and promised on Twitter to “champion the 1000s of workers robbed of their pensions by greedy bosses”. Dromey has held a number of shadow ministerial roles since […]
The FCA is to meet fund managers to start testing the template it is creating to improve fund charges and costs disclosure. In the next two weeks the institutional disclosure working group, chaired by transparency champion Chris Sier, will meet those fund groups who agreed to test the template, which is now in a draft […]