RBS: Investors launch stinging attack

RBSInvestors have launched a stinging attack on the Royal Bank of Scotland (RBS) an action group has confirmed. Compensation A large group of investors of around 12,000 people have launched a stunning attack on RBS, which is set to cost the bank around £3.5 billion in compensation. Among the group of wealthy investors, 90 institutions are also suing the bank; these include charities, churches and private client brokers. The collection of investors believe they were lied to, to cover up the overall financial health of the bank before it ...

Annuities: Advised or non-advised, what’s in label?

Advised or non advised, whats in label?_iStockThe Retail Distribution Review, also known as the RDR, will come into full effect from 1st January 2013. We’ve already written about the effects of the RDR and our view that it will change the face of financial services. We thought we would now take a look at how the RDR will affect those people planning on buying an Annuity in 2013. Your options for buying an Annuity in 2013 There will be essentially three options for buying an Annuity:...