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Women shun financial services

Too many women feel shunned by the financial services industry, according to a new Government report.

Minister for women Margaret Jay speaking out at a Money Marketing conference, said she was concerned women are failing to invest despite an increase in numbers with independent earnings.

She said: “Many women are failing to invest because they feel information on savings, pensions and investments are not accessible to them.

“Financial products have traditionally been designed to meet the needs of the male-dominated workplace. Women, particularly mothers, have very different working lives to men and tend to be penalised in terms of pay and promotion.”

The government&#39s view has been supported by a Mori poll out this week which shows 16 per cent of women want mortgages with the flexibility to take complete payment breaks for several months.


City job boost for unemployed

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Economists predict no change on interest rates

Most economists predict the Bank of England will hold interest rates over the next week.A Reuters survey of 35 economists found more than half believed the Monetary Policy Committee, which makes decisions on rates, will leave them unchanged. Bank of America spokesman Rob Hayward, said: “Since there hasn&#39t been any untoward news on inflation and […]

Pru on hunt for buys as it bids to be Goliath of the industry

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Skipton fights carpetbaggers

Skipton Building Society have made a move in the war against carpetbaggers by raising its minimum account levels.The beleaguered building society is more than doubling the minimum opening balance on its savings accounts from £2,000 to £5,000.The society has been targeted along with Chelsea and Portman building societies, by, the website aiming to end […]


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