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Is the Treasury finally about to do something about scam mini-bonds (eg LC&F)?
I just saw the Treasury has launched a consultation on what to do about unregulated mini-bonds, or non-transferable debt securities (NTDS) as they prefer to call them. These have cost unwary investors a great deal of money. They are suggesting one of 3 options: 1) Get the FCA to regulate them all. - YES! This is the right…
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Club Llyods rewards
Hi, I am wanting to switch my current account and looking for an account that offers some extras, I wanted to know about club lloyds account rewards, I asked their CS about it and did not get a clear answer about how much I would get off with their 'get up to 15% cashback' reward, One reward is Sky/Costa/coop, and are all…
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Nexo.io
Does anyone know or used nexo.io for GBP savings? they're offering 12% interest. not interested in the Crypto or loan side of things they offer as. Any info would be appreciated Thanks
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Can housing ever actually drop?
Hi all, As the title may or may not indicate, I'm starting to question everything I thought I knew about housing. A bit of background first. I'm currently 21 and living at home in a tiny annexe (worth £40k or so) paying a low amount of rent, but obviously I don't want to stay here forever. Also, the annexe is needed for…
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buying fang stocks
all those fang stocks. amazon, Facebook etc are they worth buying now? they look very inflated on the chart.. big peaks, right at the top of the market.. amazon for example has been dotting between 2900 and 3500 for the past 6 months.. cant see it going higher.. can you?? and then there's all that talk about inflation and…
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Hargreaves charges
hi, I've opened a shares account at Hargreaves but I was shocked at all the charges... First they charge a fee to buy the stock. Then they charge a currency conversion fee, and some other fees too. I'm down 200 pound just after buying the stock. is there a cheaper broker out there? I'm used to using trading212 and it's…
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Euro Currency Savings & Interest
Is there any account/ financial institution where I would be able to deposit some Euro currency and get some interest?
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Help to Save Account name - help please
Hi Can someone help me setting-up a standing order for my Help to save account please. I am with Nationwide Bank and trying to set-up a standing order for my Help to Save account. To set it up, it's asking wether it is Business account or Personal account. Can someone tell me which to use? Then if it's Business account -…
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What to do with £150k inheritance?
Hello All, As per the title, I have recently received an inheritance and it’s the first time I have ever had this sort of money. There are also some shares not in an ISA which I will keep as the dividends are good, but below the rate at which I start paying tax on them. Also, there would be no CGT implications (at the…
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Forex Trading from UK and Brexit- trades being closed without permission.
Just for everyone,s information I have been Forex Trading for about 2 months, and this morning the 20th of April 2021,I discovered that all my trades had been cancelled by the company due to Brexit. The company is based in Cyprus, and they have told me that they are no longer allowed to allow people from the UK to Forex…
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Lump sum deposit for grandchild living abroad
Hi I want to invest a lump sum for my granddaughter who is living in the Netherlands. I would like to invest it so that the child gets it when she turns 18. I don't think I can invest it in a Junior ISA in the UK as she was not born here. I could get her parents to open an bank account for her in the Netherlands but the…
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Moneybox Cash LISA rate dropping
From Moneybox email recieved today: We're writing to let you know that the interest rate on your Cash Lifetime ISA (powered by Investec Bank) will decrease to 0.3% AER variable* on Tuesday 4 May 2021. Was currently 0.6%!
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Monmouth BS Escalator
I have given up trying to set up this account after a month, continual cycle of login fails, input ambiguity, resets by post ........ Maybe they regretted offering the whopping 0.45%!!
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Hargreaves Lansdown Errors with Fund Switch - Duplicate Purchase
Hi, I've just returned from a very pleasant, long weekend in the caravan to discover that on 16Apr21, HL made duplicate purchases on 3 switch fund trades over 2 separate accounts (When you sell funds, HL offer a useful option to switch to another fund so you there's no need to wait until you have the money from the sale of…
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Pension or isa tax free
Hello recently sold my house and wondered what’s best to do with spare money put into pension or isa ?
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Ideas for your Income Portfolio
I appreciate that income investing isn't / hasn't been in fashion lately, but maybe the rotation into value may change that. Anyway, I'd like to start a thread for folks to share their ideas for income portfolios. I know I'm always looking for new opportunities to diversify / add to my income portfolio. I'll start the ball…
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Newbury BS - savings interest cuts
https://www.newbury.co.uk/news-knowledge/news/2021/04/12/notice-interest-rate-change/ Cuts of up to 0.15% with effect 30 April 2021. Existing Member Account cut from 1.1% to 1%.I recently noticed that they had announced cuts in mortgage interest rates, so thought this was inevitable.
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LC&F Government funded compensation scheme set up
https://www.ftadviser.com/regulation/2021/04/19/govt-launches-120m-lcf-compensation-scheme/ I know LC&F bond holders will be happy with this but I personally feel it is wrong. The taxpayer is effectively picking up the tab for bad investment decisions made by people that focused on greed before common sense. Ok, that is a…
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NS& I Children's Bonus Bonds
I'm just wondering if anyone has had trouble cashing in their old Children's Bonus Bonds? My daughter has £250 worth of bonds bought for her in 2000 when she was born. We never received updated statements over the years like we were meant to, so had sort of forgotten about them after all these years. Upon finding the…
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MSE News: London Capital & Finance investors in line for up to £68,000 payout under Govt scheme
Around 8,800 London Capital & Finance (LCF) investors are set to receive compensation of up to £68,000 under a new Government scheme, the Treasury has announced today. But investors won't get back everything they lost as payouts are capped at 80% of their initial investment. Read the full story: 'London Capital & Finance…
