A WEEK IN PERSONAL FINANCE
Sunday 07 January 1996
LIFE insurer Friends Provident announced reduced maturity values for many endowment policies despite last year's strong stock market returns. The announcement, the first this year from a large insurer, is expected to set the tone for others, including Norwich Union in the coming week. However, Friends increased maturity values on 25-year endowments.
BRADFORD & Bingley, Bristol & West and Chelsea building societies, along with Midland Bank were among the big insititutions to cut savings rates last week, after cuts by other societies and banks between Christmas and the New Year, according to rate monitor Moneyfacts.
THE LABOUR party leadership is reported to be studying compulsory welfare insurance schemes, under which employees might be forced to put a proportion of their income into a pension plan.
THE STROUD & Swindon building society announced a proposed takeover with the smaller Kent-based society City & Metropolitan. But only City & Met's 13,000 members are being offered a bonus for agreeing to the merger of pounds 50 plus 5 per cent of account balances.
BARCLAYS Bank unveiled a Star Trek-style, two-way live video share-dealing and information service. Called BarclayZone, the system will be available from tomorrow in three Barclays' branches - Fenchurch Street in London, Crawley in Sussex, and Maidstone in Kent.
INCREASING numbers of first- year students are taking term-time jobs and arranging overdrafts, according to a survey by Barclays Bank. It said 14 per cent of first-year students already had term-time jobs, working an average 11 hours a week.
THE TUC has published a free guide to claiming compensation for people who were mis-sold personal pensions. Personal Pensions: how to claim compensation includes advice on rejoining occupational schemes.Write to Joanne Segars, TUC, Congress House, Great Russell Street, London WC1B 3LS.
Liam Neeson's Downton dreams
Thriller is set in the secret world of British espionage
Bomber jacket worn by Mary Berry sells out within an hour
- 1 Scottish independence: Learn from Quebec's mistakes and beware of promises. Vote Yes.
- 2 iOS 8 is full of shiny new features - but it's terrible news for app developers
- 3 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 4 Hitler’s former food taster reveals the horrors of the Wolf’s Lair
- 5 Cocaine and cannabis haul hidden in Vatican car seized by French police
Scottish independence referendum live - The reunited kingdom: Scotland gives a clear 'No' to independence in historic referendum
Archbishop of Canterbury admits doubts about existence of God
Scottish independence: YouGov final prediction puts No campaign 8 points ahead - but Yes team remains optimistic
Scottish independence: Tory revolt against 'devo max' grows as Rail Minister Claire Perry joins
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: The Queen breaks silence on referendum debate – as think tank warns of £14bn black hole if Scotland votes Yes
Portuguese academic says British are 'filthy, violent and drunk'
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