A WEEK IN PERSONAL FINANCE

THE Stock Exchange has backed down on its refusal to provide live share prices to a new dealing service to be run on the Internet in association with the retail stockbroker Sharelink. Details: 0121-200 7790 or, for Internet users, http://www.esi.co.uk

Old Mutual Fund Managers, formerly branded Providence Capitol, was fined pounds 30,000 by Imro and ordered to pay further costs of pounds 17,000. Offences of the South African-owned company included failing to invest cheques from private investors quickly enough. Affected investors have been compensated for pounds 7,500, around pounds 20 per investor.

The Inland Revenue is offering to give back pounds 500m in tax that has been overpaid by up to 6 million people. The main people affected are non-taxpayers who do not reclaim tax deducted at source on building society and bank interest or on share dividends. Non-taxpayers who fill in a form - IR85, which is available from banks, societies and tax offices - can receive their deposit interest gross. For details, phone the Revenue free on 0800 660800.

Policyholders with insurer Provident Mutual are set to benefit from pounds 25m of bonuses and cost control promises following a pounds 170m takeover by the insurance company General Accident.

Private client stockbrokers say a new system of paperless share settlement due to come in next July will raise costs for private investors. Broker trade body Apcims has complained to CrestCo, the company set up to run the new Crest system, and the Treasury.

Richard Branson's Virgin Direct has launched a corporate bond Pep, and claims it is the cheapest of this new type of high-income, low-risk investment.Charges total 0.77 per cent a year.

Lloyds Bank has produced cheque books for the left-handed. The books are bound on the right and open from the left.

Insurer Legal & General has slashed life insurance rates for new policies by up to 25 per cent.

The first public offer opened for a new tax-free Venture Capital Trust. Baronsmead VCT is a type of high risk fund that carries Pep-style tax breaks. Launch investors subscribing by 6 November also get 20 per cent upfront tax relief. Prospectus on 0171-242 4900.

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

SThree: Experienced Recruitment Consultant

£20000 - £40000 per annum + OTE + Incentives + Benefits: SThree: Established f...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + OTE 40/45k + INCENTIVES + BENEFITS: SThree: The su...

Recruitment Genius: Collections Agent

£14000 - £16000 per annum: Recruitment Genius: This company was established in...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + OTE 40k: SThree: SThree are a global FTSE 250 busi...

Day In a Page

Isis profits from destruction of antiquities by selling relics to dealers - and then blowing up the buildings they come from to conceal the evidence of looting

How Isis profits from destruction of antiquities

Robert Fisk on the terrorist group's manipulation of the market to increase the price of artefacts
Labour leadership: Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea

'If we lose touch we’ll end up with two decades of the Tories'

In an exclusive interview, Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea
Tunisia fears its Arab Spring could be reversed as the new regime becomes as intolerant of dissent as its predecessor

The Arab Spring reversed

Tunisian protesters fear that a new law will whitewash corrupt businessmen and officials, but they are finding that the new regime is becoming as intolerant of dissent as its predecessor
King Arthur: Legendary figure was real and lived most of his life in Strathclyde, academic claims

Academic claims King Arthur was real - and reveals where he lived

Dr Andrew Breeze says the legendary figure did exist – but was a general, not a king
Who is Oliver Bonas and how has he captured middle-class hearts?

Who is Oliver Bonas?

It's the first high-street store to pay its staff the living wage, and it saw out the recession in style
Earth has 'lost more than half its trees' since humans first started cutting them down

Axe-wielding Man fells half the world’s trees – leaving us just 422 each

However, the number of trees may be eight times higher than previously thought
60 years of Scalextric: Model cars are now stuffed with as much tech as real ones

60 years of Scalextric

Model cars are now stuffed with as much tech as real ones
Theme parks continue to draw in thrill-seekers despite the risks - so why are we so addicted?

Why are we addicted to theme parks?

Now that Banksy has unveiled his own dystopian version, Christopher Beanland considers the ups and downs of our endless quest for amusement
Tourism in Iran: The country will soon be opening up again after years of isolation

Iran is opening up again to tourists

After years of isolation, Iran is reopening its embassies abroad. Soon, there'll be the chance for the adventurous to holiday there
10 best PS4 games

10 best PS4 games

Can’t wait for the new round of blockbusters due out this autumn? We played through last year’s offering
Transfer window: Ten things we learnt

Ten things we learnt from the transfer window

Record-breaking spending shows FFP restraint no longer applies
Migrant crisis: UN official Philippe Douste-Blazy reveals the harrowing sights he encountered among refugees arriving on Lampedusa

‘Can we really just turn away?’

Dead bodies, men drowning, women miscarrying – a senior UN figure on the horrors he has witnessed among migrants arriving on Lampedusa, and urges politicians not to underestimate our caring nature
Nine of Syria and Iraq's 10 world heritage sites are in danger as Isis ravages centuries of history

Nine of Syria and Iraq's 10 world heritage sites are in danger...

... and not just because of Isis vandalism
Girl on a Plane: An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack

Girl on a Plane

An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack
Why Frederick Forsyth's spying days could spell disaster for today's journalists

Why Frederick Forsyth's spying days could spell disaster for today's journalists

The author of 'The Day of the Jackal' has revealed he spied for MI6 while a foreign correspondent