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SimplyBiz makes 950k profit

SimplyBiz has reached a pre-tax profit of 950,000 for the first six months of 2005, in less than three years. The support services provider says it is saving member firms over 10m in charges.

SimplyBiz chairman Ken Davy says: To be able to announce that we have achieved a significant level of profitability during the first half of what is only our third year of operation is really very encouraging, especially knowing that SimplyBiz member firms are saving over 10m a year in charges they were previously paying to their network or service provider.


Blunkett says pension woes are global

Work and Pensions Secretary David Blunkett says countries around the world face the same challenges on pensions. Blunkett told a Centre for American Progress event in Washington that although countries may have different pension dilemmas they all face the same fundamental challenges. He said across the European Union, the working population is set to fall […]

Tiner calls for stress test to stop missales

FSA chief executive John Tiner has warned financial companies to stress-test new products against big stock- market falls and check that the products are appro- priate for their target customers to help guard aga- inst misselling. Tiner, speaking at the FSA annual asset management conference in London on Monday this week, said that by incorporating […]

Kent Reliance leads way for building society growth

Building societies have seen their third successive year of double-digit growth. Statistics from KPMG Financial that total building society assets have reached 247.3bn, a 10 per cent increase on the previous year, while societies have maintained their 18 per cent share of the market. Much of the growth in the society market is attributed […]

Keydata bond by far the best

Keydata’s secure income bond has been welcomed by the market because it provides a 7.5 per cent annual income, tax-free through Isas and Pep transfers and an even better growth option.

Is volatility dead? No, sell credit

There are several arguments that one could currently make for why credit markets look unattractive. These include signals that the US economy is in late cycle, the fact that corporate leverage has been increasing (with 2016 setting a record for the amount of global bond issuance), and that US high-yield default rates have risen considerably […]


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