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September 20, 2007
by Kay Murchie
According to a survey by JPMorgan Asset Management, the majority of parents are opting to send their children to private schools by using their savings and investments.
The report by JPMorgan established that 18% of parents make sacrifices to their pensions to fund private education for their children. In addition, one quarter of parents take money from their existing savings and ...
by Kay Murchie
Post Office Financial Services has announced 4 new key appointments to its insurance team. The Post Office believes these appointments will drive product and consumer base growth.
The new appointments are Emma Baunach, Gerry Barrett, Duncan Caesar-Gordon and Liz May. These new team members will play a vital role in developing the Post Office’s insurance range, which currently includes motor, home, ...
by Kay Murchie
Lloyds TSB has launched a series of exclusive retail partnerships to give credit card customers extra rewards on their festive spend and with less than 100 shopping days to go until Christmas, savvy spenders can benefit.
The Lloyds TSB Duo credit card means that people can earn while they shop and earn more airmiles with the following retailers. HMV, the music, film ...
by Gill Montia
Property experts are voicing concerns that the tightening of criteria by mortgage lenders will cause a loss of confidence in the buy-to-let property sector.
Buy-to-let accounts for approximately 12% of UK mortgage lending and many investors in the sector borrow the majority of the price of the property.
In the worst case scenario lending criteria could be tightened in the coming months, interest rates could rise and ...
September 19, 2007
by Elaine Frei
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by Kay Murchie
first direct is changing the format of its current account and savings products in order to help customers earn good money on their savings.
first direct has carried out extensive customer research and established that customers really want a better deal on savings and overdrafts. Customers will also receive free ‘red alerts’ by text message to prevent them ...
by Gill Montia
Some property experts are forecasting a one in ten chance of a crash in London house prices, equivalent to events in the 1990s.
Recent turmoil in the financial markets and the higher cost of borrowing have already brought about a decline in London asking prices.
At the same time, lenders are tightening their criteria for new mortgages and this could put some of ...
by Kay Murchie
Nationwide Building Society is to expand its UK call centre operation in Swindon which will result in 200 new jobs. Swindon is one of five call centres that the Nationwide has in the UK and the expansion will bring purpose built premises within the city.
The call centre will become operational in spring 2008 and will have 600 ...
by Kay Murchie
Northern Rock customers continue to queue through the night in an attempt to withdraw their savings in spite of Northern Rock shares rising 30¼p to 313p, up 11%.
The Bank of England has pumped £4.4 billion into the financial markets to help offset the disturbance to conditions in the short-term money markets.
Furthermore, shares in Shares in Alliance & Leicester were up ...
by Gill Montia
Mortgage experts have been reassuring homeowners about the prospects of finding a mortgage, as fears over interest rates run high.
Over 500,000 borrowers who took out two-year fixed rate mortgages between September and December 2005 will be seeking to remortgage this autumn.
Experts are keen to point out that despite the recent Northern Rock panic, there are still mortgages available below 6%.
According to ...
September 18, 2007
by Elaine Frei
There were few gains in Asia-Pacific region equities markets again on Tuesday. The Shanghai Composite added 0.07 percent to 5,425.21, while Singapore’s Straits Times index gained 0.4 percent to 3,477.75. Meanwhile, in India, the Sensex was up 1.06 percent to 15,669.12. Hong Kong’s Hang Seng index closed lower at 24,576.85, while the Taiex dropped 1.46 percent to 8,899.91. ...
by Kay Murchie
Alliance & Leicester has declared that its new personal loan rate is the best in the UK. The new interest rate is 6.3% and is on offer to new customers as well Premier and Premier Direct holders and is available from September 17th to November 4th.
A spokesperson for the Alliance & Leicester said borrowers can take advantage of the ...
by Kay Murchie
It is the fifth anniversary this month of Nectar, the UK’s leading loyalty card, and the second anniversary of the joint venture between Nectar and American Express.
To recognise this accolade, new Nectar Credit Cardmembers are being offered 5,000 bonus points when they spend over £200 at participating Nectar sponsors in the first 90 days of Cardmembership.
Furthermore, up to 6 points ...
by Kay Murchie
Customers of Northern Rock have been urged to stay calm after thousands have been queuing outside branches across the country to withdraw their cash. A statement from the British Bankers' Association (BBA) said that Northern Rock is a safe and secure bank and savers and mortgage customers have absolutely nothing to worry about.
Northern Rock approached the Bank of England for ...
by Kay Murchie
Alliance & Leicester shares have plunged by 33% and many fear that it could follow Northern Rock into crisis. The UK's seventh largest bank, noted heavy losses yesterday and its share price declined significantly in afternoon trading to close down 286p at 587p.
A spokesperson for Alliance & Leicester remarked that their share price had been driven by the ...
by Gill Montia
The former head of the Federal Reserve (the US central bank), has warned that the UK housing market is likely to undergo a period of correction.
In a press interview, Alan Greenspan spoke about rising interest rates bringing UK house price growth to a halt.
The world renowned economist, now is his 81st year, believes that recent increases in property prices, particularly ...
September 17, 2007
by Elaine Frei
European markets were lower on Monday as the subprime crisis continued to cause disturbances. The FTSE Eurofirst 300 dropped 1.32 percent to 1,487.28. In Frankfurt, the Dax was 0.24 percent lower to 7,479.83, while Madrid’s IBEX fell 1.18 percent to 13,696.9 and the Paris CAC-40 was down 1.8 percent to 5,439.37. London’s equities markets saw substantial declines again. ...
by Kay Murchie
Nationwide, has pledged to beat people’s current home insurance, or refund the difference up to £100. The building society is introducing a new home insurance package that is being launched today.
Furthermore, customers can also benefit from a discount if they sign up for buildings and contents insurance together with further savings if done so online.
A spokesperson for the Nationwide said ...
by Kay Murchie
Legal & General are to receive training from The Samaritans. The leading insurer commented that people who are claiming on their own policy or on behalf of a relative who has recently passed away, will be going through a very hard time.
Consequently, staff need to be trained in dealing with people in these types of situation while still ...
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According to a survey by JPMorgan Asset Management, the majority of parents are opting to send their children to private schools by using their savings and investments.
The report by JPMorgan established that 18% of parents make sacrifices to their pensions to fund private education for their children. In addition, one quarter of parents take money from their existing savings and ...
There were few gains in Asia-Pacific region equities markets again on Tuesday. The Shanghai Composite added 0.07 percent to 5,425.21, while Singapore’s Straits Times index gained 0.4 percent to 3,477.75. Meanwhile, in India, the Sensex was up 1.06 percent to 15,669.12. Hong Kong’s Hang Seng index closed lower at 24,576.85, while the Taiex dropped 1.46 percent to 8,899.91. ...
European markets were lower on Monday as the subprime crisis continued to cause disturbances. The FTSE Eurofirst 300 dropped 1.32 percent to 1,487.28. In Frankfurt, the Dax was 0.24 percent lower to 7,479.83, while Madrid’s IBEX fell 1.18 percent to 13,696.9 and the Paris CAC-40 was down 1.8 percent to 5,439.37. London’s equities markets saw substantial declines again. ...