Financial advice harder to find on High Street


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Financial advice harder to find on High Street


Financial advice harder to find on high street
Many organisations have withdrawn face–to–face advice, leaving investors without support, reports The Daily Telegraph. The Telegraph Investment & Savings Service, provided by Skipton Financial Services Limited (SFS), continues to offer face-to-face advice, however. SFS is a wholly-owned subsidiary of Skipton Building Society, which means that, unlike some other banks and building societies, you can obtain financial advice from within any of its 100+ branches located across England and Scotland.
The Daily Telegraph Your Money, p. 10

Savers face increased restrictions on top Isas
Many savers are unable to access the best Isa rates because the deals come with more and more restrictions. Unemployment fell to 7.1% between September and November last year, according to figures last week from the Office for National Statistics, notes The Sunday Times.
The Sunday Times Money, p. 3

Pensions & Life Assurance

Pension cap delay hits staff
Workers due to join auto-enrolment pension schemes soon will be hundreds of pounds worse off because a cap on charges has been postponed.
The Sunday Times Money, p. 1
Also appeared in : The Independent on Sunday, p.61

BA blasts ‘perverse’ pension payments
British Airways has labelled plans to increase its payouts into a staff pension scheme as “perverse and irrational”. Court papers filed by the airline argue that trustees acted beyond their powers in sanctioning the 0.2% increase above September’s 2.2% CPI inflation rate, and did not use their discretion properly.
The Sunday Times Business, p. 3

Big names top league of shame on pensions
Phoenix Life, Aviva and Prudential have topped the list of pension firms with the most complaints, driving angry savers to seek help on issues from lost documents and delays to mis-sold single-life annuities.
The Sunday Times Money, p. 5

Mortgages & Residential Property

‘You can’t afford a cheaper mortgage’
Banks are reportedly preventing existing customers from accessing cheaper mortgage deals.
The Sunday Telegraph Money, p. 3

Mortgage approvals for house purchases climbed to 46,521 in December, the British Bankers’ Association said last week.
The Sunday Times Business, p. 11

Share Dealing Services

Share dividends will offer hard-pressed savers richer returns
Savers are expected to start taking on more risk as deposit rates remain subdued while dividend payments are set to soar to record levels this year.
The Sunday Times Money, p. 8

Round Up

Stress tests threaten new banking crisis in eurozone
A new eurozone bank crisis is looming that could knock a hole in the finances of six of Europe’s biggest lenders – and tip several east European countries into deeper economic turmoil. The European Central Bank is poised to launch its long-awaited review of bank balance sheets — and it is expected to flush out billions of pounds in new losses.
The Sunday Times Business, p. 3

RBS may place business lending back in branches
RBS is exploring plans to put small business lending back under the control of its branch managers as part of a wider restructuring of the lender.
The Sunday Telegraph Business, p. 2

Lloyds bond boost lifts hopes of dividend
Lloyds Banking Group is set to report higher than expected earnings, after investing tens of billions of pounds in building up its holdings of UK government bonds.
The Sunday Telegraph Business, p. 1

Bailey faces new Co-op grilling
Andrew Bailey, head of the City watchdog the Prudential Regulation Authority , will face a new cross-examination by the Treasury committee over his role in the demise of Co-operative Bank.
The Sunday Times Business, p. 2

Small companies, meet Vince’s man with the money
The new British Business Bank which will invest and grow just like a start-up according to Keith Morgan, chief executive.
The Sunday Times Business, p. 8

Lord turner warns on Miliband’s banks plan
Lord Turner, the former chairman of the Financial Services Authority, has warned that Ed Miliband’s plan to break-up the biggest UK banks is not a “magic bullet”.
The Sunday Telegraph Business, p. 3

Get our banking power back
John Redwood, the chairman of the Conservative party’s economic affairs committee, said that the EU should be stripped of power to regulate British banks. His intervention comes after the Government was defeated in the European Court over financial services regulation.
The Sunday Telegraph, p. 4

The above articles appeared on 26.01.2014. Reproduced with the kind permission of Kantar Media UK. All rights reserved.

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