7 golden rules of investing

7 golden rules of investing 150pxIn the week when economists at the Royal Bank of Scotland advised investors to sell equities (stocks and shares) and predicted global meltdown, we thought we would take a look at some of the key rules of investing. Before we do though, the term “investing” or “investor” conjures images of middle aged men in pin stripped suits and red braces. But don’t be fooled, whether it’s your pension at work, a private pension or the ISA you put some money into years ago, you are almost ...

Most victims of financial scams never receive a penny back

Pensions Freedom causes scams to soarNew research has shown that most victims of financial scams never receive a penny back of the money they lost. Despite warnings financial scams, fraud and cons are on the increase. The BBC has revealed that figures from the Royal Bank of Scotland show 5,000 of their customers fell victim over the past year, losing a total of £25 million. To compound the misery of the original fraud, the figures also showed that 70% of victims never recouped a penny of their losses. What’s more, the average amount ...

Post Office to launch current account

Post OfficeThe Post Office has announced they will launch a new current account in the spring of 2013. The new current account will initially be launched in a small number of Post Offices, but will be rolled out to all 11,500 branches during 2014. The Post Office claims that the new current account will give consumers access to the UK’s largest branch network and increased opening hours, compared to traditional banks. According to figures from the Post Office, more than three million customers have accessed the many ...

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 ...