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The Irish Government to safeguard all deposits

The Irish Government has announced it will guarantee all deposits in the wake of turbulence in the international financial markets.
In response to the announcement, shares in the three biggest banks climbed.

This will effect pensions as behind Sipps invariably lies a bank account. Commenting, Richard Jacobs managing director at Richard Jacobs says: “The Irish Governemtn is securing all bank accounts, so why can our Government not do the same?”

The scheme will run to 2010 and will also guarantee covered bonds, senior debt and dated subordinated debt.

Banks that take this up will be charged and it will be subject to specific terms and conditions so that the taxpayers’ interest can be protected.


FSA plans to increase PPI intervention

The Financial Services Authority is stepping up its intervention into the poor sale of payment protection insurance after a mystery shopping programme revealed very few consumers are being told the true cost of PPI.


White paper — Dubai International Insights

Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.


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