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Rates boost increases savings

Last week&#39s rate rise of 0.25 per cent is set to encourage more customers to save instead of spend, according to National Savings.

According to National Savings survey of a representative sample of 2,000, 55 per cent of consumers now think it&#39s a good time to save compared with just 45 per cent 6 months ago.

National Savings are claiming the upward trend results from the rate rises in September and November 1999 and predict January&#39s hike will fuel the upward trend.

National Savings commercial director Christopher Moxey says: “The way saver&#39s confidence has tracked the changes in base rates is clear.”


Schroders investment banking to merge

Schroders&#39 investment banking business is merging with US group Salomon Smith Barney in a £1.35bn deal.The purchase is being completed by May 2000, leaving Schroders to focus on its asset management and private banking business.Schroders chairman Sir Win Bischoff is to join the merged investment bank, while deputy chairman Peter Sedgwick will be appointed chairman.Bischoff […]

Blunkett calls banks to help poor financial planning

The Government is stepping up pressure on banks to help poor families manage their money.In a speech to the Chartered Institute of Bankers, education and employment secretary David Blunkett is set to ask banks to support initiatives to combat poor financial planning.Blunkett is also expected to call for more support for the Money Advice Trust, […]

NatWest survival prediction

National Westminster has boosted its chance of fending off takeover to more than 50 per cent, according to a City analyst.Brokers Teather & Greenwood banker analysts Martin Cross says Natwest&#39s chances are stronger since it warned investors of the historical problems with complex mergers and strengthened its management.Cross says: “We predict that Natwest will survive.”But […]

Smile wiped from iMac users

Internet bank Smile is whipping the happy look from Apple Macintosh users trying to log on to the new online arm of the Co-operative bank.Apple iMacs users logging on to Co-operative bank&#39s Smile have been greeted by a blank screen instead of the Smile logo. Smile is blaming the Mac system while Mac experts say […]

Singapore cover image - thumbnail

White paper — Singapore International Insights

Jelf Employee Benefits assesses key trends within the international private medical insurance provision of organisations with employees in Singapore. Benefit structure, cost management and healthcare facilities are examined and key considerations are highlighted. This edition will be of particular interest to global human resource directors and benefit managers with local and expatriate populations in Singapore.


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