The recent recovery in the financial markets with banks and institutions gaining back lost ground has seen fund managers increase extra fees for pension funds to the tune of £300 million as reported in the Reuters News agency. The fees that fund managers add on are due to management costs and administration which are set [...]
The private financial planning and networking group ‘The Elevation Group’ have announced that there will be opening their doors for members in December 10. The Elevation Group (EVG) is the brainchild of Mike Dillard, the Multi Level Marketing expert who became a self made millionaire through learning wealth creation techniques from some of the wealthiest [...]
LONDON: The individual tax free savings allowance known as the ISA introduced by Gordon Brown of the previous Labour Government has been increased by £480.00. This is good news for savers who invest their savings in ISA’s without having to pay any tax. The ISA allowance will be set at £10,680 (currently £10,200) from the [...]
WASHINGTON: The International Monetary Fund (IMF) finished its talks today without any conclusive decisions other than for the IMF to deepen its studies into capital flow and imbalances between widening exchange rates between countries. There have been tensions between some of the major economies due to imbalances in capital reserves and the generation of artificially [...]
LONDON: The number of complaints against banks in the way they handle payment protection insurance (PPI) and requests for refunds has soared with over a million complaints in the last five years says new City watchdog. New rules about PPI are due to come into force on 01 Dec 10 which could mean more that [...]
DUBLIN: The Irish Government was forced today to step in and rescue the Anglo Irish Bank that was about to be submerged under a mountain of debts totalling 34.3 billion Euros. The threat of insolvency in Ireland was becoming a reality if Ireland s largest bank was allowed to go under without state assistance. The [...]
LONDON: The FTSE share Index showed optimistic gains today even though there is still considerable concerns with the Euro zone debt and the susceptibility of certain risk sensitive banks. The Anglo-Irish Bank for instance may cause Irelands credit rating to be lowered by S & P if the bank has to be rescued with a [...]
LONDON: The UK Economic forecast for the first time in a few years is showing signs of recovery in a report from the International Monetary Fund (IMF). It is predicted that the economy will grow by 2% in 2011 just .1 % down from the previous prediction of 2.1%. The IMF is supporting the austerity [...]
LONDON: The Office for National Statistics published the UK’s borrowing figures today and shows that borrowing is not slowing down with a record £15.9 billion for the month of August. According to the London Evening Standard this is the worst August for the UK’s creaking finances since records began and has heaped pressure on the [...]
LONDON: The privatisation of the Royal Mail is being placed further up the Governments Agenda with the recent findings from a study compiled by businessman Richard Hooper. The results from the study suggest that the only way the Royal Mail may survive is from investments made from the private sector. Mr Hooper says in his [...]
