Yet many doubt that the process will be as straightforward as suggested. Landsbanki, the Icelandic bank that owns Icesave, was taken into the hands of the Reykjavik government last month and customers’ cash has been frozen in accounts since.
The Treasury has said all retail savers with Icesave will receive their money back in full […]
It was the latest of many similar moves affecting millions of savers.
Among the worst affected are investors in with-profit bonds. These are lump-sum investments popular in the late Nineties.
Investments average £30,000 and most savers envisage holding the bonds for between five and ten years.
Sold mainly to elderly savers, they were deemed low-risk because the […]
The action was taken after a memory stick was found in a pub car park containing confidential passcodes to the online Government Gateway system, which covers everything from tax returns to parking tickets.
An urgent investigation is now under way into how the stick, belonging to the company which runs the flagship system, came to […]
By Linsey Knerl
I have a few friends who have started mystery shopping for extra cash. All in all, it’s a respectable gig for someone with some time, ambition, and a desire to do something different. Having mystery shopped for dozens of companies over the past 6 years, however, I have some advice to share. These […]
Most analysts are already tipping rates to be cut by half a point to four per cent, but experts at Goldman Sachs, JPMorgan and HSBC expect a full one percentage point cut to 3.5%.
Such a cut would be the biggest made by the Bank’s Monetary Policy Committee in its 11-year history.
The reduction should bring […]
© 2008 Daily Financial News