Tag: Investment News

N&P reported to have mis-sold investments

N&P reported to have mis-sold investments

Norwich & Peterborough Building Society has been hit with claims of mis-selling of investments between 2006 and 2009. The building society, which is Britain’s tenth largest, is expected to receive letters tomorrow from solicitors acting on behalf of 250 customers, demanding compensation for investment advice they received in the society’s branches about its Keydata products. […]

September 13, 2010 More
Know what you want from your money

Know what you want from your money

People seeking financial advice should work out what they want to achieve with their money before visiting an advisor, a financial expert has claimed. Mike Fosberry, president of the Personal Finance Society, said people can have all sorts of objectives for their money, such as building up their pension, paying off debt, or making a […]

May 19, 2010 More
Savers “disillusioned” with ISA returns

Savers “disillusioned” with ISA returns

ISA investors are “disillusioned” with the returns they are receiving on their savings, Barclays claimed this week. The bank blamed the frustration on historically low interest rates. The 0.5% base rate has caused many investors to rethink their approach to the financial marketplace, Barclays said. Research by the bank found more than two-thirds (72%) of […]

March 17, 2010 More
HSBC announces January sale

HSBC announces January sale

HSBC has jumped on the bandwagon of January sales by launching cut-priced mortgages, savings accounts, and insurance products. “All over the world, people are making New Year resolutions and sorting out their finances is often high on that list,” said Brendan Cook, HSBC spokesperson. “This year, we want to make it easier for our customers […]

January 5, 2010 More
Berkshire Hathaway’s investments revealed in SEC filing

Berkshire Hathaway’s investments revealed in SEC filing

Berkshire Hathaway, the investment group controlled by respected US billionaire investor Warren Buffett, has revealed its latest investments. Seventy-nine year old Buffett is often referred to as the ‘Oracle of Omaha’ and is one of the most successful investors in history and therefore any investments made by his company are closely monitored. The investment vehicle […]

November 17, 2009 More
Ethical investments return to pre-crunch levels

Ethical investments return to pre-crunch levels

Investment in ethical funds has recovered to pre-credit crunch levels, new research has discovered. During the third quarter, investments in ethical funds reached more than double the total of ethical investments in the same period last year. Net sales of ethical funds between July and September were £59 million, compared to £21 million in the […]

November 5, 2009 More
Anti-smoking council invests £12m in tobacco

Anti-smoking council invests £12m in tobacco

Carmarthenshire Council has been slammed for profiting from cancer, disease and death by investing £12 million in cigarette company British American Tobacco (BAT). The money is from Dyfed Pensions Fund, which pays for the pensions of council workers and councillors in the Welsh counties of Carmarthenshire, Ceredigion and Pembrokeshire. Church leaders in Carmarthen lambasted the […]

September 26, 2009 More
Brits back property as best investment

Brits back property as best investment

Nearly half of UK consumers believe that buying property is the best way to invest money. In a study by Scottish Widows, 48% of those polled said investing in property is the best way to maximise returns on hard earned cash. This figure is a significant increase on 12 months ago, when just 28% of […]

September 17, 2009 More
Social responsibility rising up investment agenda

Social responsibility rising up investment agenda

Investors are increasingly concerned about the impact their investments have on society and the environment, an ethical investment expert claimed this week. Robin Keyte, chair of the Ethical Investment Association (EIA), said the credit crunch and the recession have transformed the way investors think about money. “Following the events of the last two years, an […]

September 10, 2009 More
The Nottingham launches financial planning arm

The Nottingham launches financial planning arm

The Nottingham has announced plans to provide pensions, investments, and insurance products in its 32 branches across the East Midlands. Branch-based financial advisers will advise customers on the best products to meet their needs. The building society said the new products are part of its plans to expand and evolve, and will help it to […]

September 9, 2009 More
Apartments popular for high-end investors

Apartments popular for high-end investors

Flats and apartments are now more popular than houses in the high-end property market, it emerged this week. London-based property consultancy firm Black Brick said whereas 12 months ago people were looking for big houses to live in as a home or second home, the focus now is on buying flats and apartments as an […]

September 3, 2009 More
Open a 4% bond with £100 at Leeds

Open a 4% bond with £100 at Leeds

A new bond from Leeds Building Society paying 4% interest can be opened with as little as £100. The four-year fixed-rate bond was launched alongside a two-year bond paying 3.5% interest. Both bonds can be opened with a minimum investment of £100 and a maximum of £1,000,000. Furthermore, both allow savers to withdraw up to […]

August 17, 2009 More
Women investors prefer property to saving

Women investors prefer property to saving

Female investors prefer to put their money in property rather than a savings account. A survey by the National Landlord’s Association (NLA) found that 74% of the 500 female property investors polled believe bricks and mortar offers a better return than putting their money in a bank. Seventy percent said they plan to expand their […]

May 15, 2009 More
HSBC launches World Selection pension plan

HSBC launches World Selection pension plan

HSBC has launched a new personal pension plan that enables customers to tap into its worldwide investments. The World Selection Personal Pension is based on the bank’s multi-manager, multi-asset World Selection portfolios. Benefits of the plan include a tax-efficient wrapper, and a more stable investment, HSBC said. “Customers have consistently told us they don’t want […]

May 7, 2009 More
ISA limit increased to £10,200

ISA limit increased to £10,200

From April next year, savers will be able to earn tax-free interest on up to £10,200 of savings following an increase to the ISA allowance. Chancellor Alistair Darling announced the change this week in his Budget speech, increasing both the cash savings and the investments limit from £3,600 to £5,100. Financial experts and high street […]

April 24, 2009 More
Sustainable investments ‘the answer’ to global downturn

Sustainable investments ‘the answer’ to global downturn

Five trillion dollars that has been allocated to sustainable investing strategies could form the core of an economic recovery, two financial experts have predicted in a book released this week. Cary Krosinsky, vice president of Trucost Plc, and Nick Robins, head of the HSBC Climate Change Centre for Excellence, estimate that sustainable investing funds – […]

March 30, 2009 More
Investors choose property as cash becomes a ‘liability’

Investors choose property as cash becomes a ‘liability’

Brits would rather invest money in property or stocks and shares than keep it as cash, despite 12 months of falling house prices and a volatile stock market. Research by the Motley Fool found that 30% of UK adults would invest a £50,000 windfall in property. A quarter (26%) would choose shares, whilst 17% would […]

Gold provides ‘essential insurance’ against financial crises

Gold provides ‘essential insurance’ against financial crises

As bank shares continue to plummet, the price of gold continues to soar, with prices last week hitting a seven month high of $953.30 per ounce. Former editor of The Times, Lord William Rees-Mogg, expects this trend to continue as investors seek to protect themselves against future shocks in the stock market. “People buy gold […]

February 17, 2009 More
Over-50s worried about credit crunch affecting their investments

Over-50s worried about credit crunch affecting their investments

Research by marketing agency, Millennium, has revealed that the majority of over 50s are concerned about the impact the credit crunch will have on their pensions and investments. The organisation discovered that over 75% of people in this mature age group believe that the credit squeeze will affect their investments, while almost 60% are concerned […]

June 17, 2008 More