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.
- 1 The political parties aren't all the same – which means 2015 will be a 'big-choice' election
- 2 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 3 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
- 4 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
UK weather: Warning for more snow and ice as freezing temperatures and gales hit Britain
Three killed at South Korean nuclear reactor days after hackers target country's atomic agency
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Immigrants make UK racist, says Ukip councillor Trevor Shonk
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...