I am aware a number of clients transferred funds to Northern Rock when the UK government bailed it out in 2007. Since then the Bank has offered a 100% guarantee on monies held in the bank, regardless of the sum involved. As of 5pm tonight, all clients need to be aware that the safety net [...]

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The markets fell sharply this morning following the German Government’s decision to ban the short selling of certain govt stocks and financial institution’s shares until March 2011. But what is Short Selling? Certain traders on the markets borrow stocks from lenders and then sell them, expecting the price to fall. They then buy the stock [...]

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The benefits of using an IFA rather than  a Bank adviser were perfectly illustrated this week, when the Financial Ombudsman Service released its data regarding complaints it had received in the last 12 months. Without doubt the biggest offender leading to complaints were the Banks with 61% of the total complaints received. Complaints received relating [...]

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Many of you are aware I have been a longstanding critic of Bank Financial Advisers. Not only do they typically rip you off when you make any initial investment with them…. typically charging you way over the odds, but they also offer limited investment choice and no review service which is crucial to any long [...]

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The markets responded today as I suggested. A fall of over 2.6% today and more than 10% in the last week or two. Of course the falls aren’t all about the election, with big concerns about the situation in Europe. The pound has fallen sharply in currency terms due to the election situation. The markets are [...]

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