Market numbers: Friday 21st May 2010
The FTSE 100 index of leading UK company shares finished the week at 5,060.54, down 12.59 points or -0.25% on the day and down 202.31 points (-3.84%) over the week.
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The FTSE 100 index of leading UK company shares finished the week at 5,060.54, down 12.59 points or -0.25% on the day and down 202.31 points (-3.84%) over the week.
Informed Choice chartered financial planner Angela Murfitt explains the financial planning changes we are likely to see in the not too distant future as a result of the new coalition Government.
Informed Choice chartered financial planner Martin Bamford looks at the new report from the Financial Ombudsman Service (FOS) and what it means for financial ‘advice’ from the banks.
The FSA has launched Operation Dingo, writing to 38,000 investors who appear on a “suckers” list used by boiler room operations, to warn them on the risk of fraud.
The latest price inflation figures show CPI at 3.7% and RPI at 5.3% for the year to April 2010. This will prompt Bank of England governor Mervyn King to write a letter of explanation to the new Chancellor, George Osborne.
The Informed Choice Investment Committee has placed the Schroder Income fund under review this morning, following the news that managers Nick Purves and Ian Lance are leaving to join an investment boutique.
The new coalition Government has announced they will be holding their first Budget on 22nd June 2010.
The FTSE 100 index of leading UK company shares finished the week at 5,262.85, down 170.88 points or -3.14% on the day and up 139.83 points (+2.73%) over the week.
The recently concluded case of Fryer v HMRC initially created some worry in the world of pensions, as it brought into question the inheritance tax treatment of a pension fund when a decision has been made to defer taking benefits.
The latest FSA complaints figures for the second half of 2009 show an avalanche of complaints against banks and building societies, up from 1,075,400 to 2,225,458.
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