The UKs largest saving product remains as popular as ever after 60 years. Originally introduced by Harold McMillan in 1956 with numbers randomly picked out by ERNIE – the Electronic Random Number Indicator Equipment, it now uses thermal noises in transistors as its source of randomness and can generate over one million winners per hour.
For 7 years the Monetary Policy Committee (MPC) for the Bank of England has kept UK interest rates at their record low of 0.5%. During this time, we have seen a tentative recovery, but policy makers have remained cautious with their monetary policy for fear of derailing an economy that is still seen as fragile.
Around a month ago I was invited to give a talk at Wilmslow High School as part of their Careers Carousel. I was asked to give three presentations throughout the day to the year 11 students who were contemplating a career in financial services. As the day approached I found myself wondering what they would
Foresight is a trading style of Foresight Independent Financial Planning Ltd, which is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register No. 612587 at www.fca.org.uk/register/ Registered in England and Wales No. 05897811 Registered Address: 161 Ashley Road, Hale, Altrincham, Cheshire, WA15 9SD The guidance and/or advice contained within the website is subjected to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk