The two major markets, stock market and the property market have tumbled tremendously as a result of the financial crisis. Bank has adopted strict policies that have tightened the outgoing loans and it has aggravated the whole economy with its credit crunch. Most of the people’s 401K accounts have started shrinking and they are getting […]
While banking chiefs have come under the spotlight for the huge sums they are paid, the plight of rank and file bank staff who have lost much if not all of their savings, thanks to the spectacular collapse of the industry, has largely been overlooked.
Many banks encouraged their employees to buy […]
The idea is laughable, but that is the analogy drawn by many genuinely independent financial advisers (IFAs) and planners when they compare themselves with thousands of ‘pseudo advisers’ employed by banks or other firms selling financial products.
The world of financial advice is changing.
The Financial Services Authority is reviewing how advisers - or salesmen […]
Labour’s deputy leader caused consternation at the Treasury by declaring that the former Royal Bank of Scotland chief will not get the money even if he is entitled to it in law.
That was seen as a clear indication that the Government is ready to pass a special Act of Parliament to strip Sir Fred […]
Des Hamilton, technical director at the Pensions Advisory Service, replies: Different rules apply according to when a woman becomes widowed. In your case, there are three choices available. You can:
1. Claim your state retirement pension at age 60. This will be based on your national Insurance (NI) contribution record, your late husband’s NI […]
I have paid into the Royal Mail pension plan for more than 20 years. We have already seen big changes last year to cut costs. Can they really cut the amount I will be paid when I retire? J.W., Leeds
Des Hamilton, technical director at the Pensions Advisory Service, replies: Neither a pension scheme's […]
Experts have lashed out at Standard Life for its policy, just a week after it agreed to refund almost 100,000 investors £100m in compensation, as they had found a supposedly low risk fund invested in subprime debt.
Standard Life is guaranteeing annuity quotes on its own policies for just one day, while its competitors […]
By Linsey Knerl
Here are the best deals for Wednesday, February 4th, 2009:
1,
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