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We can take it……

The silly season has thrown up little in the way of silliness this year, the Diary is sad to report but a glimmer of light appeared last week courtesy of NDF Administration.

The structured product specialist issued a press release lamenting the recent falls in the stockmarket, which it said “staggers daily like a drunk”. Portfolios, meanwhile, “resemble London in the Blitz” while it reckons investor confidence is “at depths last plumbed by the Titanic”. The Diary thinks it&#39s about time more companies took to using such language in their press releases – preferably regarding their own performance, though.


Charcol urges shopping around with brokers to save on life cover

Consumers could be wasting £106m a year on life insurance, claims Charcol.The IFA says individuals miss out on savings of about £900 each over the 25-year lifetime of the average policy because they go direct to providers instead of using a broker to shop around.Charcol has compared the costs quoted by the top lenders for […]

Praise for Pickering

Many of the headlines on Alan Pickering&#39s report, A Simpler Way to Better Pensions, have concentrated on one aspect of his recommendations – the proposed option for employers to provide a pension scheme without the need to include dependants&#39 benefits or increase pensions in payment.Employers are switching away from defined-benefit schemes, where they take the […]

SG Hambros targets high-net-worth clients

Wealth management group SG Hambros has established a guaranteed offshore bond that is linked to the FTSE 100 and Eurostoxx 50 indices for an 18-month term.With its £50,000 minimum investment, the SG Hambros market recovery deposit is aimed at high-net-worth clients who think the stockmarkets are on the cusp of recovery, but who are reluctant […]

Life offices fear capital pain tax

When the Inland Revenue issues a consultation that proposes sweeping changes of the tax regime that could result in additional taxation on savings, ears prick up. But when people see the dense and abstract document the Government issued last week on corporation tax, there is a studied silence as they try to digest the document.The […]


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