View more on these topics

Tesco yanks out Barclays cash machines

Tesco has announced that it is pulling out more than 70 Barclays cash machines from its supermarkets.

The move is being touted as the grocery chain&#39s reaction to Barclays&#39 decision to charge non-customers a pound fee per transaction on their machines as of January 1.

To replace the withdrawn machines, Tesco will install ones from its personal finance arm.

The move is the latest in a series of embarrassments for the high street bank. Barclays has closed down 171 branches, a large number of which are located in rural areas that have no other access to banking services.


LIA should have stayed silent on polarisation

I am sure this is not the first letter you have received from an IFA onpolarisation but I feel I must make my point. I have been a member of theLIA for more than 15 years, during which I think that I have beensupportive of the organisation, notwithstanding that I have felt, from timeto time, […]

&#39Set your own premiums&#39 ad raises misselling fears

An insurance provider has been forced to rethink its advertisement for asingle-premium product amid outrage that it could attract interest fromunscrupulous advisers.A Bennett Gould & Part^_ners advertisement for an accident, sickness andunemployment insurance product, Mort^_- gageSafe, has brought fears ofmisselling. The ad says: “You decide on the gross premium charged. Wededuct a net premium and […]

Drawdown flexibility could kill off Sipps

Axa Sun Life is claiming a Government announcement allowing greaterincome-drawdown flexibility will kill the self-invested personal pension.It claims most Sipps are written to provide investment flexibility forincome-drawdown investors as a get-out clause for advisers if their initialchoice underperforms.But it says investors rarely take advantage of this facility and in themajority of cases, the flexibility of […]

Government likely to ban early retirement

A report is circulating that the Government will shortly announce plans to stop people from retiring before the age of 55.The Times newspaper reports today that the social security secretary Alistair Darling will announce on Thursday his intention to repeal the tax breaks currently offered to people retiring between 50 and 55.According to the report, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm