Archive for October 17th, 2009

Virgin Money’s ethical ISA invests in weapons and oil

Investors opening a Virgin Money Climate Change ISA might expect their money to be invested in firms carefully screened for their ethical credentials.
In truth, however, their savings could be invested in arms manufacturers, mining firms, tobacco companies, and oil giants.
This shocking discovery was made by ethical business blogger Toby Webb.
“I had expected the fund to [...]

Tesco Bank to gain market share

Supermarket finance is set to make significant gains in market share over the coming months, lovemoney.com said this week.
The financial advice site made the claim after Tesco Personal Finance re-branded as Tesco Bank.
Ed Bowsher, lovemoney.com’s head of personal finance, said the renaming signals the beginning of a marketing offensive by Tesco on financial products.
“I think [...]

Ongoing credit crunch forces unnecessary bankruptcies

Potentially successful businesses are being forced into bankruptcy because they can’t get access to credit, an industry expert has claimed.
Commenting on research by UHY Hacker Young and Trowers & Hamlins that found a rising number of firms facing financial difficulties, David Molian, lecturer in entrepreneurship at the Cranfield School of Management, said restrictions on lending [...]

Consumers fuming at banks for financial crisis

Nearly two thirds of Brits are still fuming at the banks for having caused the financial crisis, research has found.
Three quarters of Brits believe banks are not genuinely sorry for their role in causing the recession, a study by consumer advice group Which? discovered.
Three in five of those polled said banks have failed to learn [...]

What should we do about our Sipp?

Should we abandon our Sipp and put the money into an enhanced annuity because of my husband’s heart problems?

sterling stacked on a financial chart

Why has gin got so much weaker?

I came across an old advertisement that showed Gordon’s gin used to be 70% proof. Why is it is now less than 40%?

Gordon's Gin