More than a million government employees have taken part in a one-day strike in India.
Work in many government banks, offices and state-owned firms was affected.
Communist-ruled West Bengal and Kerala states were hardest hit by the strike, which was more limited in other parts of the country.
Unions called the walk-out in protest at a Supreme Court […]
The Competition Commission has demanded a shake up of the store card industry that will mean big changes for the industry and borrowers.
What has the Competition Commission concluded?
In short, the Commission has found that store card holders are being overcharged by at least 55m a year - and possibly much more - as a […]
The teaching of personal finance in schools may be rolled out nationwide after trials were deemed a success.
For the past three years, 300 secondary schools have been teaching personal finance issues such as managing credit.
A report from Brunel University said the scheme had proved to be an aid to financial awareness.
The Personal Finance Education Group […]
Some insurers and financial advisers are failing to treat their investors fairly, according to the City watchdog.
The Financial Services Authority (FSA) said insufficient advice and “variable quality” after-sales service was being given to with-profit policyholders.
In particular, the FSA was worried that after-sales literature was jargon-heavy and missed out key information.
The FSA warned insurers and financial […]
Hector Sants has been appointed chief executive of the Financial Services Authority (FSA), the City regulator.
Mr Sants, previously a director at the FSA, replaces previous chief executive John Tiner on 20 July.
As chief executive Mr Sants will be the public face of the FSA, responsible for protecting consumers and increasing knowledge of finance.
The FSA has […]
These are some of the main points covered by Gordon Brown in his Budget speech
Duties
From Monday, there will be a rise of 1p on a pint of beer and 4p on a bottle of wine, but duties on cider and sparkling wine are frozen.
The duty on spirits is to be frozen for the remainder of […]
So it is “no bad thing” if students abandon philosophy, literature and history and turn to nursing, social work and engineering.
That was the view of Higher Education Minister Bill Rammell in response to the latest UK university applications figures.
These appeared to show a “top-up fees” effect, with many universities showing a big decline […]
From 1st December banks and building societies will be able to offer a wider range of investments, pension and insurance, and independent financial advisers won’t look so special any more. They’ll also all have to tell us more about how they make their money.
The nostalgia is already setting in among Britain’s army of independent financial […]
An American insurance company is set to create 120 jobs in Northern Ireland.
American Life is part of the American International Group - one of the 10 largest companies by turnover in the world.
It currently employs 25 people at its headquarters in Belfast.
The company’s offices were opened on Monday by Cathy Hurst public affairs attache from […]
Schools will be able to teach personal finance to 14-16 year olds from September this year.
The Institute of Financial Services has launched two new qualifications for them - a foundation certificate and an intermediate certificate.
The Institute will supply the curriculum, teaching materials, and exams for schools to offer their pupils alongside GCSE topics.
The courses will […]