Loans and Finance

Loans and Finance

Text

News and information about loans, money, debt, finance and business issues.

Thursday, August 11, 2016

Enormous Data Breach at Oracle

Wednesday, August 10, 2016

Property Armageddon Averted


Despite the shrill warnings from Project Fear, it would appear that there has not been Armageddon in the property market post Brexit!

Tuesday, August 09, 2016

Britain's and China's Relations at "Cross-Roads"


The delay in order to "review" Hinkley Point has spooked the Chinese.

Thursday, August 04, 2016

MPC Decision Day


As I noted sometime ago, the Remain camp's warnings about interest rates going up post Brexit were utter bollocks!

Tuesday, August 02, 2016

The FCA Kowtows To The Banks


Monday, August 01, 2016

Political Pensions Meddling On The Horizon

As per the Telegraph:
"Millions of workers could be denied flexible access to their final salary pension pots if a radical shake-up to let companies ditch pension promises made to staff is passed by the Government. 

The move would prompt a rush of people trying to cash in their pensions which would need to be "slowed", the chairman of the Work and Pension Select Committee has said, as he prepares to launch an inquiry in which MPs will explore ways to contain the problem.
Under the measures, understood to be favoured by MPs and pension funds, cash-strapped employers would be allowed to reduce workers' pensions by tens of thousands of pounds without first going through courts. 

This would be likely to leave staff at some firms scrambling to move their money out of schemes as quickly as possible to fully encash their fund before their employer imposed cuts."
As ever, once the politicians start meddling with pensions you can guarantee there will be utter chaos!