Archive for July, 2008

Fixed Annuities Is My Fixed Annuity Really Fixed

Thursday, July 31st, 2008

Be careful because fixed does not always mean it is always fixed at the same rate Some annuities are notorious for changing things up on consumers when they least expect it

UK house price fall ‘at a record’

Thursday, July 31st, 2008

UK house prices see their biggest annual fall since the Nationwide began its housing survey in 1991, new figures show.

Anger over £1bn Centrica profits

Thursday, July 31st, 2008

Consumer groups express anger as British Gas owner Centrica reports £992m in profits, a day after raising gas prices 35%.

Covered Bonds, Exposed Taxpayers

Thursday, July 31st, 2008

Promoted by Paulson as a safer way to fund mortgages, the bonds just transfer risk from buyers to the FDIC

Weak US growth adds to gloom

Thursday, July 31st, 2008

The US economy grew at an annual rate of 1.9% in the second quarter, a faster pace than earlier in the year but slower than economists were expecting, the commerce department said

BT slides as results disappoint

Thursday, July 31st, 2008

Shares in the telecoms group tumbled after it reported pre-tax profits before restructuring and redundancy charges fell 7% in the first quarter. Investors focused on weaker margins in its global services division, a sharply higher cash outflow and a move from surplus to deficit in the pension fund.

CBI warns on excessive pensions regulation

Thursday, July 31st, 2008

Excess regulation is increasing the risk of final-salary pension schemes being closed or bought out, the Confederation of British Industry said on Wednesday, joining growing criticism of new rules facing the industry.