Unions representing 1.5m local council workers are to ballot for strike action over plans to raise their retirement age from 60 to 65. These workers were excluded from DTI secretary Alan Johnsons deal with other public sector workers and instead have to negotiate with the Office of the Deputy Prime Minister.
West Bromwich Building Society has set up a Shariah-compliant child trust fund. The baby bond will invest in shares on the FTSE Global Islamic index.
HBOS mortgage managing director Charles Haresnape is confident the firm will retain its position as the UK’s biggest lender despite the anticipated push from RBS this year. Haresnape says the restructure at RBS is a sign that it is playing catch-up with HBOS. He says: “For anyone to rep-lace HBOS at the top, you would […]
Consultancy Impact Plus has called for much greater transparency for multi-tie deals to clear up consumer confusion.
Deutsche Bank’s mortgage lending arm, which is launching later this year, will be called db mortgages. The lender will offer sub-prime, buy-to-let and self-certification mortgages.
Royal London Asset Management UK Equity Fund Managers Martin Cholwill and Richard Marwood look at the compounding effect of dividend growth for UK equities and how it drives returns over time. Read the article in full The value of investments and the income from them is not guaranteed and may go down as well as […]
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We were proud to publish a good practice guide on social impact investing last month as part of an initiative started by an independent advisory group chaired by Allianz Global Investors vice chair Elizabeth Corley. The group had been set up by the Department of Digital, Culture, Media and Sport to increase choice in this […]
Robos came under fire this week, with an FCA review finding serious failings in terms of suitability and disclosure. Adviser comments soon followed, praising the regulator for finally getting tough on automated advice. Here are a few extracts from the FCA: Some firms did not make clear whether their service was advised, non-advised, discretionary or […]
An internal investigation has found that a Fidelity International director did not bully or harass one of the firm’s employees. Legal action could still continue, however, as both the employee and company contest each other’s claims. Money Marketing reported last month that Fidelity had opened an investigation into a senior manager after an associate director […]