Latest News
Dividends Increase Despite Natural Disaster claims
There is no doubt that the first six month of 2010 were challenging for the insurance industry. Hit by serials of natural disasters, such as the volcanic ash and the BP oil spill in the Gulf of Mexico, insurance companies paid huge amounts in claims.Interim reports published by insurers Hiscox and Amlin show how they have been hit hard by Mother... Read more
Northern Rock Investors to Receive No Compensation
According to the first public statement made by an independent valuer of BDO Stoy Hayward – UK division of BDO International, one of the largest accountancy firms in the world – Northern Rock’s shareholders, whose holdings were lost as a result of the bank’s nationalisation, will receive no compensation. The statement was... Read more
Top 5 Methods to Reduce Savings Rates
According to the report published by The Times, most of UK savers are losing money as banks and building societies are not only paying extremely low savings rates, but also use a number of methods to reduce them. The latest research carried out by an online financial comparison website, Moneynet, showed that most savers lose their money rather... Read more
National Savings & Investments Withdraws Its Leading Savings Deals
Yesterday, on November 24th, the chief executive of Nationwide Building Society, Mr. Beale, confirmed that he was one of many others, who complained about the new savings products launched recently by Government-backed savings provider - National Savings & Investments.rnThe complaints of Nationwide and other rival banks and building societies... Read more
UK Savings Providers Delay the Release of Savers’ Funds
According to the report published by The Times, a large number of UK savers have faced problems with banks and building societies they trusted. Many Brits accuse their savings providers of delaying the release of their bonds. The Times says that several UK savings providers that once offered best-buy savings deals paying as much as 7% have now... Read more
UK Savers Offered Higher Introductory Bonuses
In an attempt to attract new and lock in existing savers, more and more British banks and building societies start to offer introductory bonuses to savers, says the research carried out an online financial comparison source, MoneyExpert. The research showed that an average introductory bonus now reaches 0.9%, which is 0.2% higher than an average... Read more
UK Commercial Property Market Flooded by Foreign Investors
Property and investment experts are determined that the sector of UK commercial property might soon face fierce competition from funds looking to buy prime properties, which are expected to come onto the market in the next couple of years. In particular, the British market of commercial property seems attractive to foreign investors. Mr. James... Read more
Investors Warned Against Work-based Pension Schemes
The latest report, published by the Pensions Regulator, today, on October 27th, highlighted the fact that work-based pension plans need significant changes.rnAs such, almost 50% of all work-based retirement schemes either do not provide or insufficiently provide their members with appropriate literature. Moreover, 30% of all trust-based defined... Read more
CBRE Investment Banking Branch to be Open in New York
The latest statement made by a property services group - CB Richard Ellis Group, Inc. – suggests that the company decided to expand its current investment banking platform based in the UK into the Americas. According to the company’s plans, investment banking professionals from CB Richard Ellis will specialise in property, restructuring,... Read more
UK Savings Ratio Reaches 5.6%
The recent figures published by the Bank of England show that an average Brit is now saving more than an average Japanese does, which fact has been registered for the first time in 30 years and has been explained by the difficult economic situation caused by the credit crunch. Official figures show that the proportion of household income that is... Read more