UK Finance News

Former Northern Rock boss, Adam Applegrath received a pay off of £750,000 when he left in December, it has been revealed. He will also be entitled to a pension pot of £2.5million at age 55, the pension has been built up over his twenty years in banking.
Northern Rock will no doubt point out that the [...]

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It has now been several weeks since the big guns of the mortgage lending world stripped down those enticing deals from their poster boards and pulled products faster than a hyperactive shoplifter.
But now the smaller building societies are following suit - initially these smaller ships
appeared to have weathered the storm; their own positions being more [...]

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Bradford & Bingley has had its financial strength downgraded by Moody’s Investors Service to C with an overall baseline credit assessment of A3.
In addition long-term deposit and senior debt ratings were also reduced and the ratings outlook was altered from ’stable’ to ‘negative’.
Justification of Moody’s action is based on the fact that B&B’s proportion of [...]

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When you are panicking about your pension, here is something else you need to worry about before 5th April - making sure you get the maximum tax-relief in advance of the basic rate of income tax dropping to 20%.
If you’re planning to drop in a lump sum or just fill out your Stakeholder with its [...]

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As reported here prior to his budget, Alistair Darling has made few friends north of the border due to his creeping duty on alcohol and particlularly whisky.
Utopia on Easter Road in Edinburgh was the first pub to bar Mr Darling from their premises and this has spawned an internet campaign to get some pay back [...]

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