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“Picasso’s Drawings, 1890-1921: Reinventing Tradition,” opening Sunday at the National Gallery of Art collects 58 drawings, watercolors and pastels from the first three decades of Picasso’s career. Andrew Robison, the NGA’s senior curator of prints and drawings, is a passionate supporter of private collecting. Or, as he said, “I would absolutely, 1000% endorse the interest, value and personal rewards from owning original art.”(That is not a typo: he said 1,000 percent.) As he finished installing... [more]
The March 2011 budget confirmed NS&I's Net Financing target for 2011-12 as £2 billion (within a range of +/- £2 billion). To meet this target NS&I will need to achieve inflows of some £14 billion. This has given NS&I the ability to reintroduce Savings Certificates following their withdrawal from general sale in July 2010 due to exceptional demand which risked NS&I exceeding its Net Financing range for 2010-11.
Savers will have the opportunity to invest in both the 5-year Index-linked Savings ... [more]
Around 61% of pensioner couples have an annual income of £15,000 or less, and 45% of all single pensioners have an annual income of £10,000 or less.
2.5m pensioners are living below the official poverty line in 2007/8 defined as 60% median population income (equivalent to £178 a week before housing costs in 2011). Two thirds of these pensioners are women. At least 15% of pensioners - over 1.5m older people - are living in persistent poverty (defined as living below 60% median population inc... [more]
The Institute for Fiscal Studies/BBC latest report indicates that pensioners are among the worst affected by the government's austerity measures. The National Pensioners Convention (NPC) believes the report helps to contradict recent claims by the Institute for Economic Affairs that pensioners had escaped the effects of the cuts to public spending and welfare.
The NPC's own research shows that:
* Pensioners are up to £710 a year worse off than other households as a result of the rising cost... [more]
In recent weeks, NatWest and RBS have stopped paying credit interest on all of their current accounts. While Santander has stopped paying credit interest entirely on selected current accounts and stopped paying credit interest on any balance over £2,500 on others.
The banks add to a growing list of providers that no longer pay credit interest on current accounts, including Barclays Bank, HSBC and The Co-operative Bank.
More than half (55%) of current accounts on the market pay no credit in... [more]
The current economic climate has served to bring out the savvy saving side of the population with many people taking advice from industry experts and actively comparing the cost of utilities and financial services to find the best deal. People across the country have been making cut backs over the last 12 months, and new research from National Friendly reveals how thrifty Brits have been saving their pennies during the recession.
Over a quarter (28%) of Brits admitted they have changed their ... [more]
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