Last Saturday one of my clients went to her local RBS in the south side of Glasgow to make a withdrawal of £500 out of her current-instant access account.
She was informed that they did not have enough cash for everyone that morning and so was offered a lower amount.
My question is this- would it [...]
With interest rates at record lows and valuations lower on most equity portfolios by around 25% over the last two years investors have had to increase risk to generate a decent income.
We have had a reduction in values across property, bonds, equities and cash. Investors wanting a high and growing income used to stay put [...]
Following on from the income story above I thought I would quote some statistics from FTadviser.com in relation to some bond funds.
Now we invest in bonds as it generally gives a higher income than equities but lower capital appreciation.The average yield on UK corporate bond fund is 6.4% and for Global Fixed Interest it is [...]
Best Business and Charity Bank Rates-Your Bank Needs You!
How will our high street banks rebalance their books? Well appears that one way is to offer loyal cash rich businesses (both limited companies and partnerships/sole traders) and charities a poor rate of return of less than base rate then hand it over to first time buyers [...]
UK equities have jumped from their heavily discounted position at the beginning of the year. We could now be entering the second phase of this bull market with gains coming from mergers and acquisitions and recovery stocks. We feel that we will experience little or no growth in the economy in the next three years [...]
Credit card borrowing fell by 3% and the number of cards in circulation dropped by 8% over the last year, according to PricewaterhouseCoopers (PwC).
Unsecured and secured lending also fell, by nearly 40% and 80% respectively, this is as a result of lenders being more selective and individuals tightening their belt.
As and when we [...]
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