British insurer Legal & General is in talks with unions to make up to 560 of its staff redundant.
Punter Southall Financial Management claims personal accounts are likely to fail.
Let’s consider the global economic problem in a few statements – low interest rates, lax regulatory control and a proliferation of financial engineering (once referred to as innovation) in the banking industry. Add these together and they have all allowed people and governments to borrow beyond their capacity and for the financial sector to be overvalued relative to loan exposures.
Regular Fixed Income Plan April 09
James Foster, manager of the Artemis Monthly Distribution Fund, discusses the delicate balance between too much yield (and attendant risk) and too little. Click here
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