Consumers prepared to take less risk with their cash than their health

Consumers prepared to take less risk with their cash than their healthMost of us know how important it is to carefully asses the risk of any investment before handing over out hard earned cash. But new figures reveal how much risk we are prepared to take with our money compared to other areas of our lives. The research, conducted by the Financial Services Compensation Scheme (FSCS) and unveiled at the same time as they launch the second stage of their ...

The Retail Distribution Review, how will it affect you?

The Retail Distribution Review, how will it affect you?You may be aware that the FSA’s (Financial Services Authority) Retail Distribution Review, or RDR for short, will be introduced with effect from 1st January 2013. There has been an increasing number of stories in the press about the RDR, some more accurate than others and some frankly just scaremongering. So we thought I’d take the opportunity to explain a little more about the RDR and how it will affect you. What is the Retail Distribution ...

Ratings cut for banks sparks fears consumers will face higher interest rates

A number of UK banks have seen their credit ratings cut overnight, sparking fears that borrowers, especially businesses, could find it harder to get finance and be forced to pay higher interest rates. Moody's, the credit rating agency, has downgraded a total of 15 worldwide banks and financial institutions including Royal Bank of Scotland, Barclays, and HSBC. Barclays suffered the biggest cut in the UK, by two 'notches', from Aa3 to A2; HSBC and RBS were cut by one 'notch'. The downgrades appear to be a result of the crisis in the Eurozone and concern that governments could withdraw support for banks in ...