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RBS set to axe 2,600 jobs

The Royal Bank of Scotland has revealed it plans to cut 2,600 jobs across the group, 2,000 of which will be from its insurance division. The news comes after RBS reported an oper-ating loss of £21m for the first quarter of 2010.

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Ginny Broad

Cash for questions

In its first Budget following the landslide general election victory in 1997, New Labour changed the structure of tax-protected savings from Peps to Isas.
The Investment Management Association’s figures show that in the first full tax year of Isas, 1999-2000, £8.8bn net of people’s savings went into tax-wrapped unit trusts and Oeics.

James Smith

Global warrior

Baillie Gifford converted its UK-focused income fund into a global mandate earlier this year, allowing manager Dominic Neary to access dividend growth across the world.

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