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How to invest £500 for my 11 year old?
My dad has just given me £500 for my son. Can anyone give me some suggestions on how best to invest it. He did say it could be used to pay for school trips, etc but I can easily fund those sort of things so I would rather just put it away somewhere safe until he is 18. I'm also thinking of putting away a little bit each…
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I would like to report a robbery
The financial sector made up 20% of the UK economy. Clearly, the market for cheap debt has done and we cannot fuel growth by taking on debt any more. I would argue that this means the financial sector should no longer be 20% of the UK economy – therefore – the financial sector needs to contract by at least half. Therefore,…
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A couple of quick questions
Hi i was looking to set up an online account with a broker to buy and sell some shares just wanted to confirm a few things i read on the website h brennan are good brokers to use is it a fairly quick site to use? and are the charges £8 to buy and the same to sell? Any other charges i need to take in to account? Thanks…
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Nationwide Online Banking-Missing Account
When I signed up to Nationwide online banking some of my existing accounts didn't appear on the online banking screen. My complaint did not get a response within the target timescale and it took over a month to rectify. Today I noticed that an account that had appeared from the beginning has now disappeared. I rang up to…
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Chelsea Building Society
Ticker on Sky News stating that Chelsea Building Society has £55M at risk following collapse of Icelandic Banks. Oh ****
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Scottish Power "asset reunification"
hi all, i know everyone's swept up with more pressing issues like banks disintergrating and everythin but i need some advice! I owned around 350 Scottish power shares and have been contacted by the company acting on behalf of Scottish power, following the buyout by Iberdrola apparently I'm entitled to around £1,500. The…
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Nationwide Bonus Saver (Joint Account) concerns
Hi, I have a question regarding a savings account I set up in May 2007 with my girlfriend, known as the Nationwide Bonus Saver (Joint Account). I’m a little concerned about the account and know for sure that the interest is pretty bad, but can’t find out the exact amount of interest they pay because I have a bad feeling…
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Fixed-term bond break
Does anyone know if banks/BSs involved in mergers and takeovers are legally obliged to allow savers to close fixed-tem bonds early? - and if so, without penalty? All the work to stay within compensation limits can be undone leaving you dangerously exposed. I know KE offered break rates, but many others only seem to allow…
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Icesave - Illegal Activity??
I removed all of my money from my Icesave account (except 200 pounds) to keep the account open (not sure why!) on Monday 6th October. On 7th October I logged on to find that the bank were no longer processing any transactions. My statement showed that my transaction on the 6th had been fully processed and cleared and my…
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Can someone please tell me .................
..........................................................who is the owner of Egg bank, and whether they share a FSA registration with any other UK banks? Thank you.
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Hbos Shares
Hi all, I have previously had shares with HBOS from the merger with Halifax & Bank Of Scotland, and sold these a while ago when they were £9.something. I have a small amount of savings and have been keeping an eye on these for a while. I was wondering if now is the time to buy them, as they can't really get much lower.…
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Venture capital trusts
Out of interest, does/has anyone invested in a VCT? I'm surprised that there hasn't been a recent topic on this given the tax benefits. Up to 30% of your initial investment back as a tax rebate, then no capital gains tax or tax on dividends/distributions. Of course, it's quite a high risk investment. I'm planning to put a…
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Moneywise Editor: Rachel Lacey, An ICESAVER
See, the video.... http://www.moneywise.co.uk/news-views/tv/2008/10/08/help-im-icesaver A hope for everyone....
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Help us to understand whats going on Mr Brown
Could you in plain speak explain for us great unwashed in laymans terms exactly what is going on? Now its in todays "papers" that it wont be a true nationalisation of banks , but prefferential shares that the govt owns in return for these funds.This obviously has to be repaid at a later date , so its basically its an…
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Icesave 'accelerated payouts'
Regarding the joint statement about 'significant progress' in Iceland over the weekend, I wonder what an 'accelerated payout' for Icesave depositors might mean in practice? http://www.fscs.org.uk/consumer/ Say that the Icelandic government got a loan from the UK (or the IMF) to meet its obligations, it could presumably…
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Child trust fund with Halifax
How safe is the child trust fund we have for our son? It is almost 5 years since we started it with the government money we got and have been paying £50 a month into it ever since. It is with the halifax and I have not thought anything much about it until now. Is it likely to have lost quite a large amount or be ok? Is it…
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Iceland Facts
From Lex in the FT Just Published: So long, and thanks for all the fish? Anyone questioning how the tiny nation of Iceland could support the heady expansion of leverage and risk-taking by its banks now has their answer. Landsbanki will be effectively nationalised, to be hammered together with Glitnir. Kaupthing, the de…
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Alliance & Leicester/Bradford & Bingley
I have £25k in Alliance and Leicester esaver2 account, if I put a further £25k in Bradford & Bingley esaver will that count as one bank? As I understand they are both owned by Santander. Thanks
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Bradford & Bingley savings?
I have a ISA with £3000 and a bond that matures in Nov with £7000. Should I move them!?!?!? I dont know what to do
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The shocking errors of Iceland's meltdown
Some interesting aspects of how the crisis in Iceland came about