As a few clients are aware Standard Life offered a cash fund called the Sterling Fund which we have used on some occasions for clients with Policies with the Insurance Company. We understood this to be a pure cash fund and all their literature indicated this to be the case. However it turned out that [...]

[Read more →]

The Office for National Statistics has confirmed  that inflation has risen to 2.9%. This is higher than most analysts expected, where 2.6% was thought most likely. A 1% rise in just 1 month is the highest leap since records began. Retail Prices Index also rose to 2.4%. I previously advised the Bank of England monitors [...]

[Read more →]

Northern Rock has announced it is splitting into two banks. Mortgage borrowers will receive a letter  advising them which bank they have been moved into. If you receive a letter advising you have been transferred to Northern Rock PLC then you are in, what the press are affectionately calling, the “Good Bank”. NRPLC has a [...]

[Read more →]