It has been more than a century since a new UK bank has launched, yet 2010 could be the year of new blood as a host of companies and entrepreneurs look to sort out the banking system by having a go themselves. One of the most promising appears to be Metro Bank, the idea of US financial entrepreneur Vernon Hill. The bank is thought to be on the verge of winning approval from the FSA, and could be launched in a matter of weeks. A report in the Financial Times newspaper stated that it will begin with two branches in London, with plans to open ten more in the capital over the next two years. Mr Hill, who launched Commerce Bank in the US over thirty years ago, will allegedly assume the role of non-executive chairman of Metro Bank. There are already 30 Metro branches…
Archive for December, 2009
New UK Bank to be launched shortly
Tuesday, December 15th, 2009Fidelity ISA Scrappage Scheme
Friday, December 11th, 2009With the ISA allowance rising to £10,200 from 6 October for the over 50s, the market bounce and the prospect of increased personal taxation, many investors will be considering the investment opportunities that now present themselves and how best to capitalise on the increased tax-free allowance.
They’ll also be looking at their current fund holdings, reflecting on their investment strategy and considering whether their funds are keeping pace and providing the income or capital growth they require.
That’s why we’ve introduced our ISA ‘scrappage’ offer which may provide a timely opportunity to invest or transfer ISA monies into Fidelity fund choices and earn clients up to £300 cashback*.
This offer is available on more than 50 ISA-qualifying Fidelity funds across a broad range of income and growth objectives, including all our more popular funds (see table below).
With markets on the move and increased ISA allowances available soon for the over 50s, ISAs are truly coming into focus.
Trade up to a classic
Don’t miss this opportunity to invest or transfer assets into Fidelity’s market-leading ISA. Maximise the client cashback benefit for larger ISA transfers – but don’t delay in submitting applications. This offer is available for a limited period only*.
Pre Budget Report 2009
Wednesday, December 9th, 2009The Pre Budget is announced today. I hope to have a summary of this by tomorrow morning. If you would like a copy please email adamcook@lyndhurstfm.co.uk
There is also alot of good information on www.hicks.co.uk
Thanks
