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US rate cut boosts UK markets

Equity markets have responded well to yesterday&#39s surprise half point cut in US interest rates. Technology, media and telecoms sectors pushed the FTSE 100 up more than 155 points in the first 10 minutes of trading today.

US chairman of the Federal Reserve Alan Greenspan made the rate cut ahead of the scheduled meeting of the policy-making open market committee. The US central bank said there could be a further 0.25 per cent cut soon, as fears of recession in the US grew.

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Workplace stress claims up says Unum

Income protection claims through workplace stress are up 88 per cent in the last seven years according to a survey from Unum. Claims for Chronic Fatigue Syndrome are up 40 per cent over the same period and 73 per cent of workers say their performance in the workplace is affected by the level of stress […]

Keeping up pace of change

Investors have not had a particularly prosperous start to the new millennium. The FTSE finished 2000 well below its start while the average unit trust is down by more than 2 per cent for the past 12 months. For investors who thought 2000 was set to be the year for a Japanese recovery, there was […]

Nationwide, Portman and Chelsea prime carpetbagger targets

At least three major building societies are under renewed attack this year from carpetbaggers looking to trigger windfalls for members. They include the UK&#39s biggest society, Nationwide, as well as the Portman and Chelsea societies. Last month, Nationwide gave the go-ahead for a conversion vote at its July AGM despite not needing to put forward […]

Scottish Equitable asset management rebrands

Scottish Equitable Asset Management is re-branding as AEGON Asset Management. This is part of its drive to increase assets under management to over £50bn in the next three years from the current figure of £34bn. When Scottish Equitable Asset Management was formed two years ago it has assets under management of £20bn. The re-branding also […]

In Focus Ebola cover - thumbnail

White paper — In Focus: Ebola Virus Disease

Jelf Employee Benefits focuses on Ebola Virus Disease (EVD) and what this means for businesses with operations in West Africa. This will be of particular interest to those with employees either travelling to, or living within, West Africa, the area affected by the most catastrophic outbreak of Ebola to date.

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