Market numbers: Friday 5th February 2010
The FTSE 100 index of leading UK company shares finished the week at 5,060.92, down 78.39 points or -1.53% on the day and down 127.6 points (-2.46%) over the week.
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The FTSE 100 index of leading UK company shares finished the week at 5,060.92, down 78.39 points or -1.53% on the day and down 127.6 points (-2.46%) over the week.
Informed Choice was featured this week in the FT Business Mystery Shopper exercise, where three IFA firms and a bank were assessed by a prospective client. We are delighted to have received the highest score this week.
Interest rates have been kept on hold at the record low of 0.5% for an 11th consecutive month today. More importantly, the Bank of England has decided not to use further Quantitative Easing (QE) to stimulate the UK economy.
In December 2007 Informed Choice was awarded the prestigious Chartered Financial Planners designation by the Chartered Insurance Institute. We became the 99th firm of Chartered Financial Planners in the UK.
This was the rather bold statement made by Bill Gross, managing director at PIMCO, this week. PIMCO is the world’s largest bond manager, which means such a warning should be taken quite seriously.
The FTSE 100 index of leading UK company shares finished the week at 5,188.52, up 42.78 points or +0.83% on the day and down 114.47 points (-2.16%) over the week.
New figures from the Office for National Statistics (ONS) have shown that employers paid £40.6bn into company pension schemes in 2008. This represents a £4bn (9%) drop year-on-year.
The UK economy officially entered recovery today, with growth of 0.1% in the final quarter of 2009. It means GDP fell by a record -4.8% during 2009.
The annual bonus rate for 1.5 million Standard Life With Profits policyholders has been frozen this year, following their bonus announcements this morning.
The FTSE 100 index of leading UK company shares finished the week at 5,302.99, down 32.11 points or -0.60% on the day and down 152.38 points (-2.79%) over the week.
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