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Shares hit by Queens crash

Markets fell sharply on the news of an American Airlines jumbo crashing in Queens, New York earlier today, although some losses have since recovered.

The FTSE 100 was down 1.4 per cent and the Dow Jones Industrial Average was down 1.3 per cent at 4pm GMT.

Airline shares have been hit badly, with American Airlines and Continental Airlines both down 14 per cent at 4pm GMT.


Alliance & Leicester – Balanced Savings and Investment Plan

Friday, November 9, 2001.Type: High interest account and a choice of a Legal & Generalwith-profits growth, with-profits income, distribution orinvestment bond.HIGH INTEREST ACCOUNTMinimum-maximum investment: £1,000-£1m.Interest rates: 6.5 per cent a year.Term: One year.Offer period: Until further noticeWithdrawal penalties: No withdrawals permitted during term.UNIT-LINKED BONDS Type: Unit-linked bonds.Aim: Income or growth by investing in Legal & […]

Succession of problems

When I read technical articles on pensions, I often wonder how well prepared the average IFA is for their own retirement. With an average age in the mid-50s, the industry will see a whole wave of retirements in the next five years.Allow me to assume that the average IFA does not pay the maximum contribution […]

Income threat as the FSA seeks references

IFAs claim the FSA is threatening their income streams by requiring references from their networks or firms at the start of the procedure to bec-ome directly authorised.It says IFAs are often stopped from trading when their network or firm receives the request so the change could hit their income badly as they may not able […]

Product matters

Twelve months ago, Scottish Provident stood alone in the “menu-based” flexible protection market but over the last year four others have entered.The added competition can only be good news as insurers play catch-up or pass Scottish Provident.The recent enhancements made by Friends Provident echo what is already available elsewhere, with one exception – personal pension […]

Protecting long-term savings from short-term policy

By Jamie Clark, Business Development Manager The pensions revolution is almost upon us. As with any revolution, there will be winners and losers. The winners in this case could presumably be the politicians that orchestrated pensions freedom and choice just before the general election. As for the losers, there may be many thousands of people […]


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