The Retail Distribution Review (RDR) is set to fail miserably according to SCM’s True and Fair Campaign. SCM believes that the actual results of the RDR will go against its original aims, and investors could face paying more in changes than they currently do so. In a statement, the campaigners noted “The anticipated effect of [...]
A survey of 150 financial firms has revealed the typical financial advice charges that will be levied onto investors by financial firms. The Telegraph reports that it has seen research from a combined effort between Standard Life and Unbiased, that revealed the following charging structures: Initial review cost of £500 Subsequent hourly consultation rate of [...]
A quarter of investors would prefer financial advice to be given over the phone or online in return for lower charges, the results of a survey from Prudential have revealed. The respective research also shown that nearly 40% of investors would prefer to do their own online fact-finding prior to a financial advice meeting if [...]
The people of Britain have a collective £260 billion of available credit according to the results of new research published by comparison website MoneySupermarket. Their survey highlighted that the average Briton has two credit cards with an allowance near to £7500. However, just over one in five have three or more credit cards, and available [...]
Would you ever bank on Facebook if it was a possibility? Citibank has posted a teasing message on social media platforms including Twitter and Facebook regarding this possibility. As one would expect, the probing question resulted in strong reaction, however a large number of comments were skewed towards security fears according to itweb. With mobile-phone [...]
Former Goldman Sachs Trader Anton Kreil has announced he is looking to become the first person in the world to conduct a financial markets transaction in space. Kreil is expected to board the XCOR Lynx MKII shuttle with Dutch space tourism company SXC in 2014. Speaking to Square Mile Magazine, Kreil noted that he may [...]
The amount of Britons saving into Stocks and Shares ISAs has overtaken the amount saved in a personal pension for the first time. Figures from the Office for National Statistics reveal that £14.28bn was saved into personal pensions (2010/2011) compared to the £15.837bn saved into a Stock and Shares ISA. Billy Mackay of AJ Bell [...]
James Murdoch has resigned as the executive chairman of News International and will now look to focus his efforts on international television business development. Speaking in reference to his departure, Murdoch noted that there are now new business practices across all papers and the company is in a good position to deliver greater success in [...]
The best investments right now are stocks and houses, according to Warren Buffett. Speaking to CNBC, Buffett revealed a belief that stocks will out-perform alternatives such as gold and bonds. Likewise, he expressed a fondness for houses because the difficult economic climate has brought down prices. According to USAToday, Buffett previously predicted that the housing [...]
RBS boss Stephen Hester has defended the bonus pot of over £750m awarded to staff, despite the bank reporting £2bn in losses. Speaking to the Telegraph, Hester indicated that staff at the bank must be paid fairly in response to criticism over the bonuses delivered. You can view his interview below:
