Finance 2010

Young entrepreneurs: Teen players lead the field

By Alex Kasriel, December 13, 2010

As university places become less attainable with the onset of high tuition fees, teenagers are increasingly turning to start their own businesses. A recent survey found that those who began degrees last October would be saddled with £24,700 of debt by the time they finished their courses, so it is hardly surprising that they might want to start making their own money now, either to help pay for college in the future, or to skip higher education altogether. These teen-preneurs mostly use the accessible marketplace provided by the internet to make cash.

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Best Practice: Moral pointers for every business

By Damian Schogger, December 13, 2010

The global economic crisis has brought corporate behaviour to the fore, with new regulatory compliance and codes of conduct implemented. But regulation and compliance do not cover ethics, through which a company conveys its values for the long term. The Jewish Associate for Business Ethics' (JABE) Good Business Practice project will address this through a unique corporate ethical training programme and supplementary materials.

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Banking: Multiple Assets

By Billie Josephs, December 13, 2010

Investec is a distinctive specialist bank that provides a diverse range of financial products and services in principal markets including the UK, South Africa and Australia, as well as in other centres around the world.

It is organised as a network, comprising six separate business divisions - asset management, private wealth management, property activities, private banking, investment banking and capital markets.

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Quantitative Easing: Cruising the QE2?

By Paul Mann, December 13, 2010

On November 3, the US Federal Reserve announced its intention to purchase a further $600 billion of longer-term Treasury securities by the end of June 2011 in a second round of quantitative easing (QE2). QE is what central banks do when they can't cut short-term interest rates any further. With QE2, the Fed is trying to cut the cost of longer-term borrowing by buying government bonds. Why?

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Banking: All accounted for

By Billie Josephs, December 13, 2010

Santander has well over 13,000 branches and 90 million customers worldwide and a history stretching back over 150 years. Today, it has more branches than any other international bank and more than 1.8 million shareholders in the UK alone.

In the British banking market, it has been an effective challenger in the personal banking sector and is becoming just as effective in corporate and commercial banking, as it builds on the acquisition of the Alliance and Leicester and Bradford and Bingley brands.

It is also due to take over more than 300 branches of the Royal Bank of Scotland.

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Business Planning: Private lives

By Ian Powell, December 13, 2010

A mid all the gloomy reports about the scale of the UK's debt and the public sector spending cuts, you could easily have missed the fact that the UK economy has gradually been moving out of recession.

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Medical Premiums: Health check for insurance policies

By Alan Silver, December 13, 2010

Do you want the peace of mind of medical insurance but worry about the financial damage? Health insurance really does not have to cost the earth. At independent health adviser MediSearch, Martin Howell claims that he can save clients significant sums. He cites the case of a couple in their early 60s in north London who were paying £522 a month on a group scheme, for whom he has found close-to-equivalent cover for £160.

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Long-term Care Funding: Handle with care

By Barry Sweetbaum, December 13, 2010

Radical changes are afoot to the funding of personal care.

Care Services Minister Paul Burstow recently announced that the government will be transferring responsibility for commissioning care to users of services through "personal budgets". This announcement coincided with the launch of its vision for adult social care, under the banner "Capable Communities and Active Citizens" and may have all-too-immediate consequences for those receiving care.

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Long-term Care Funding: Trust me, it's a gift

By Arnold Aaron, December 13, 2010

Income, income, income - oh… and no income tax to pay for up to 20 years, with no inheritance tax either.

Question 1: Is it possible to gift cash away to avoid inheritance tax, yet still enjoy the income from that cash, for life? The answer is yes!

Question 2: Is it possible to avoid inheritance tax on property, yet still retain the property? The answer is yes!

Question 3: Is it possible to invest for retirement in an alternative to pensions, but without punitive pension rules? The answer is, of course, yes!

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HM Revenue and Customs: Will you face a towering tax bill?

By Geoffrey Hollander, December 13, 2010

I have yet to meet the person who did not take some satisfaction from Dave Hartnett, the most senior tax official in the UK, making a public apology to the 1.4 million people facing an unexpected tax bill, for mistakes made by HM Revenue and Customs (HMRC).

For over four million people, HMRC's errors will mean that they will receive a cheque averaging £400 each. But another 1.4 million unfortunate taxpayers will soon be facing bills averaging £1,400 each.

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