Banking
Financial advice offering grows with acquisition by Skipton
Skipton Building Society has announced that it has acquired a 75% shareholding in Parnell Fisher Child (PFC) through its parent company, Wooljon Ltd.
Nationwide International reduces interest rates on dollar accounts
Nationwide International, the offshore subsidiary of Nationwide Building Society, has announced that it will be decreasing interest rates on its US Dollar Savings and US Dollar Tracker Premium accounts by 0.50% with effect from Monday 1 October 2007.
AIFA: Which? survey of Financial Advisers
The Association of Independent Financial Advisers (AIFA) has responded to the annual Which? survey of financial advisers.
Brits stash £4.6 billion at home
Brits have a staggering £4.6 billion of cash lying around in their homes, according to a shocking new survey.
Fair minded Britannia on target with strong results
Britannia, UK building society, announced pre-tax profit for the six months to 30 June 2007 up eight per cent at £81.7 million (2006: £75.8 million).
Unbiased.co.uk: Which? report on UK financial advice
In response to the recent research findings of Which? regarding financial advice provision in the UK, David Elms, Chief Exec utive of Unbiased.co.uk, comments: Unbiased.co.uk supports Which?’s advice for consumers to seek truly independent financial advice in order to inform their key financial decisions.
IMLA calls on BoE to continue liquidity support
The Intermediary Mortgage Lenders Association (IMLA) welcomes the Bank of England’s involvement in offering additional funds to ease the ‘credit crunch’ – even if yesterday’s auction attracted no bids.
Co-operative to switch off energy inefficient light bulbs by 2010
The Co-operative, which earlier this year became the first supermarket to announce its plan to stop selling traditional tungsten filament light bulbs, has set itself the target of pulling the plug on them completely by 2010 at the latest.
Weakness in gross lending and approvals, consumer credit lower
The value of August’s gross mortgage lending at £21.0bn was only 1% higher than in August last year, according to figures from the British Bankers’ Association (BBA).
Sainsbury’s offers chance to become a “Nectar Millionaire”
Sainsbury’s Bank will be making five customers “Nectar Millionaires” between now and Christmas.
Two thirds of tied advisers fail Which? test
More than two thirds of tied financial advisers failed to pass all the benchmarks for giving good advice in an investigation carried out by consumer organisation Which?
Businesses fail to manage risk from foreign exchange volatility
Over a third of SMEs with foreign exchange currency needs greater than £500,000 a year do nothing to manage the risk arising from foreign exchange volatility, leaving them buying and selling without knowing a final price in sterling, according to research from HSBC.
Bank of England credit conditions survey
The Council of Mortgage Lenders is encouraged by the results of the Bank of England's credit conditions survey.
First Direct move highlights poor rates on current accounts
Nearly two out of five current accounts on the market pay just 0.1 per cent to customers in the black, new research from MoneyExpert.com shows. And another nine per cent pay one per cent or less, analysis from the independent personal finance comparison service shows.
Society goes wet ‘n’ wild for RNIB
A charity event organised by Coventry Building Society has raised almost £15,000 for Royal National Institute of Blind People (RNIB), the Society’s nominated charity of the year.