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Archive for January, 2008

News - Money Box scoops top award

Posted by admin on 30th January 2008

BBC Radio 4’s Money Box has been named Event extremal finance insurance modeling Programme of the Year at a finance insurance statistical tool
ceremony in London.

Money Box Presenter Paul Lewis collected the award at the Association of British Insurers (ABI) event on Wednesday.

Other nominees in the Financial Programme or Broadcaster of the Year category were the BBC’s Andrew Verity and Declan Curry.

The BBC News Website’s Your Money section also triumphed, winning the Best Financial Website category.

The awards are designed to “celebrate excellence in journalism”, and are now in their tenth year.

Money Box was commended by the judges as “tough, enquiring, but fair”.

Lifetime achievement

The ABI is the trade insurance premium finance software
for Britain’s insurance industry.

Award winners were chosen by the export finance and insurance
and press teams of the ABI’s 400 member companies.

The ABI said the factors taken into account were accuracy, knowledge of issues, ability to inform and educate, and receptiveness to story ideas.

Other winners at the event included the Financial Times which scooped the Personal Finance Newspaper of the Year award.

The Daily Telegraph scored a double success. Ian Cowie was voted Personal Finance Editor of the Year, with Alison Steed named Personal Finance Journalist of the Year.

The Lifetime Achievement in Financial Yahoo finance insurance auto sbc award went to William Kay, Sunday Times.

The event was hosted by Ian Hislop and attended by 450 representatives from the financial services industry and financial media.

BBC Radio 4’s Money Box is broadcast on Saturdays at 1204 BST and on Mondays at 1502 BST.

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News - New financial courses for schools

Posted by admin on 29th January 2008


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 essential est finance hill in insurance investment irwin mcgraw real series
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 cover issues such as loans, auto finance insurance and car insurance.


The exam asks simple questions about deciphering pay slips, the cheapest way to borrow money, the eBay auction web site, bank accounts and ATMs.


Although not part of the formal range of GCSE courses, the new certificates have been approved by the Qualifications and Curriculum Authority.


Pilot scheme


The card estate estate finance hill in insurance irwin mcgraw powerweb principle real real series of the qualifications for younger students comes half-way though a pilot programme which had produced such positive feedback that the Institute decided to launch the new studies this autumn.


“We have had huge interest in this,” said the Institute’s Dorothy Wood. “We are expecting it to grow like topsy.”


Each qualification has two parts: “Introduction to Money” and “Money Management” for the Foundation Certificate; and “Personal Financial 1035 annuity exchange finance insurance ira transfer
” and “Money Management Solutions” for the Intermediate Certificate.


Gavin Shreeve, Chief Executive at the Institute said he believed that with consumer debt topping 1 trillion in 2005, financial literacy was at crisis point in the UK.


“We believe these skills are so company finance insurance premium that we are also planning to offer these courses to the wider adult community,” he said.


For the last five years, schools and colleges have been able to offer both a certificate and diploma in financial studies organised by the Institute.


This is aimed at 17-18 year olds, for instance those studying at A level.


Nearly 100 schools are offering these, with more than 2,000 students currently studying the certificate.

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News - Money Box scoops top award

Posted by admin on 28th January 2008

BBC Radio 4’s Money Box has been named Financial Programme of the Year at a prestigious ceremony in London.

Money Box Presenter Paul Lewis collected the award at the Association of British Insurers (ABI) event on Wednesday.

Other nominees in the Financial Programme or Finance insurance statistical tool of the Year category were the BBC’s Andrew Verity and Declan Curry.

The BBC News Website’s Your Money section also triumphed, winning the Best Financial Website category.

The awards are designed to “celebrate excellence in finance insurance tourist zurich “, and are now in their tenth year.

Money Box was commended by the judges as “tough, enquiring, but fair”.

Lifetime achievement

The ABI is the trade association for Britain’s insurance industry.

Award winners were chosen by the communication and press teams of the ABI’s 400 member companies.

The ABI said the factors taken into account were accuracy, knowledge of issues, ability to inform and educate, and receptiveness to story ideas.

Other winners at the event included the Financial Times which scooped the Personal Finance Newspaper of the Year award.

The Daily Telegraph scored a double success. Ian Cowie was voted Personal Finance Editor of the Year, with Alison Steed named Personal Finance Dictionary finance insurance international
of the Year.

The Lifetime Achievement in Financial Finance insurance job award went to William Kay, Sunday Times.

The event was hosted by Ian Hislop and attended by 450 auto finance insurance from the financial services industry and financial media.

BBC Radio 4’s Money Box is broadcast on Saturdays at 1204 BST and on Mondays at 1502 BST.

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News - Good news for Abbey investors?

Posted by admin on 27th January 2008


Resolution is going to pay 3.6bn for the privilege of collecting and investing their premiums, along with the chance to sell more policies in the coming years.


Around 2.7m current policies with a collective value of 24bn are being
taken over by Resolution.


Among them are policies that have been sold in the names of Scottish Provident and Scottish Mutual, which the Abbey took over in 2001 and 2002.


Resolution says the much enlarged company is “committed to treating its customers fairly and will continue to take the positive steps that Resolution has been taking to improve the provision of auto company finance insurance premium united to its finance and insurance manager
.”


Tom McPhail of stockbrokers Hargreaves Lansdown says this is not an idle promise.


He has been impressed with Resolution’s attitude to transparency and disclosure since it took over the life insurance fund of the Royal & Sun Alliance group in 2004.


“They’ve gone out of their way to communicate on asset mix and bonus rates,” he said.


“I’ve been impressed with the handling of the R&SA so this should be quite good news.”


Who are they?


If anyone with an Abbey policy has not yet heard of Resolution, that is probably because it is a very new company.


It was set up in 2004 to buy the closed life funds of other insurance companies and make a profit while gradually running them down as policies matured.


Many insurers have found the investment business rather difficult in the last few years.


They were caught out by the huge stock market slump at the start of this decade, and more onerous regulatory and investment requirements.


They have also seen new business dry up, mainly thanks to the widespread avoidance of endowment mortgage policies in the wake of the mis-selling of this particular type of investment.


One wag has dubbed Resolution the Womble of the insurance industry, going around buying up other people’s rubbish.


But by managing the money with the advantage of economies of scale, Resolution hopes to prosper.


So far it is solvent, makes a profit and conforms to all the regulatory requirements of the Financial Services Authority.


As the FSA pointed out to consumers when Resolution took over the R&SA funds, the change should make no difference to the outcome of individual policies, nor should it affect pension pay-outs.


Investment returns


Thanks to taking over or merging with other companies, such as the Britannic group last year, Resolution has become very big and will soon have seven million customers and 63bn in assets to manage.


Now, with the Abbey deal, it will also sell new polices, either through the Abbey branches or through finance insurance tourist zurich financial advisers.


In time, it is possible that investment returns may improve for Abbey policy holders.


Currently the Abbey funds have only 38% of their money in shares, with the rest invested in bonds or held in cash.


That is a rather cautious portfolio by case est finance finance hill in in insurance irwin mcgraw real series
standards.


As a result, Tom McPhail describes returns on the Abbey’s unit-linked life fund as “pretty awful, below average.”


He is not expecting any short term change, but reckons that Abbey investors could benefit if Resolution adopts a more adventurous investment policy in the longer term.


“If they liberate economies of scale it may well put them in a position to improve the asset mix of the fund - so things could improve for investors” he said.


Given the difficult recent history of the UK insurance industry, that would come as a relief to many policy-holders.




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News - Financial advice set for overhaul

Posted by admin on 26th January 2008

A major shake-up of how financial products are sold comes fully into force on Wednesday, aimed at improving consumer choice.


The changes mean financial advisers will no longer be restricted to offering only the products of the bank or insurance company that employs them.


Instead, advisers will be able to offer pensions, insurance and zuerich insurance finance
s from different providers.


Consumers will also get a clear choice between paying by fees or commission.


Polarisation scrapped


These key facts documents will make it clearer to consumers that even when financed through commission, advice comes at a cost
Dan Waters, Finance insurance personal quote Services Authority


The current system - known as “finance insurance statistical tool” and in place since the late 1980s - was designed to make a clear distinction between independent financial advisers (IFAs), who were not tied to any firm, and financial advisers, who were employed by a bank or insurer.


Under polarisation, only IFAs were free to offer clients products from any insurer or bank.


Financial advisers had to stick to selling the products offered by their employers.


As a result, people who went to see financial advisers may not have been sold the best product in the marketplace, just the best that the adviser’s employer had to offer.


Polarisation will finally be scrapped on 1 June. IFAs and financial advisers have had the past six months to prepare for the changes.


Risking bias


Another key change being introduced is that financial advisers will have to set out how much the advice they give is likely to cost.


They will do this through a Key Facts Information (KFI) sheet handed to the client before any investment or insurance product is sold.


Advisers can continue to accept commissions under the new regime.


But to avoid the risk of bias, they must also offer consumers the choice of paying a fee for the advice they receive.


“These key facts documents will make it clearer to consumers that even when financed through commission, advice comes at a cost - and it is consumers ultimately pay through the charges levied on products they buy,” Dan Waters, Financial Services Authority (FSA) spokesman said.

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News - Mis-selling of insurance exposed

Posted by admin on 25th January 2008

Financial services firms that sell Payment Essential est finance hill in insurance investment irwin mcgraw real series Insurance (PPI) have been told they must improve their selling methods.


The Financial Services Authority (FSA) demanded urgent action after visiting firms and a mystery shopping exercise.


About a third of the 45 firms surveyed sold policies on which customers could not claim or which gave limited cover.


PPI is supposed to help people continue with repayments on loans if they fall ill or lose their jobs.


Mystery shopping


This summer the FSA asked a market research company to carry out the mystery shopping survey of firms selling PPI.


This poses a serious risk to consumers. Those firms where these problems exist must take urgent action to address them
Clive Briault, FSA


Those selling PPI policies with mortgages were found generally to be following the rules.


However, at about half of the remaining 30 firms examined it found evidence of considerable problems. It found they were mis-selling the policies alongside such products as credit and store cards, and secured and unsecured loans.


Clive Briault, the FSA’s managing director of retail markets said, “compliance standards in other areas of the market, notably single premium PPI business, are generally weak”.


“Those firms where these problems exist must take urgent action to address them” he added.


Poor advice


The FSA found there was a serious risk to consumers.


In particular it discovered:

  • poor disclosure of product and price details.
  • the possibility that consumers may not be eligible to claim against their policies.
  • that customers might not be aware they could receive little money back if they cancelled their policies early.


The FSA said advice given on buying PPI was likely to be poor.


Among the reasons were a lack of proper monitoring and training, which meant staff in around half the 30 firms in question were not competent.


But the regulator also pointed out that the use of sales estate finance hill in insurance investment irwin mcgraw real series or bonuses to pay employees were encouraging some staff to mis-sell the policies.


Industry response


The financial services industry said it would take the FSA’s criticisms seriously.


(We are) keen to establish that the FSA’s report should not be seen as applied event extremal finance insurance modeling modeling probability stochastic of the whole industry
Financial services industry


The Association of British Insurers, the British Bankers Association and payment services body APACS said they were “keen to establish that the FSA’s report should not be seen as indicative of the whole industry”.


Stephen Haddrill, the ABI’s director general, added that “payment protection insurance is a valuable product. Insurers and lenders are committed to driving up selling standards.”


However, Citizens Advice, the umbrella body for the citizens advice bureaux, repeated its recent claim that the business of selling PPI policies is little more than a protection racket.


In September it launched a so-called “super complaint”, asking the Office of Fair Trading to investigate the selling of PPI.


“We badly need an official investigation of how this market is operating,” said Dan Vale, the head of policy at Citizens Advice.


“The FSA report highlights the extent to which poor sales practices are endemic within the industry.”


But he added, “the FSA report does not deal with all the issues, namely the cost of PPI and the content of the policies”.


Future action


The OFT will have to decide by December if it will accede to the super complaint.


But the FSA said it would carry out a second round of checks early next year.


It warned that the most serious cases it had uncovered would receive further investigation with possible enforcement action - which could mean hefty fines for offending firms.








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News - Financial Contacts - Savings and Investments

Posted by admin on 24th January 2008

If you have a complaint about a savings product or investment, who can you call? There are a number of 1035 annuity exchange finance insurance ira transfer that can help you.

The BBC is not responsible for the content of external internet sites and can not guarantee the quality of service you will receive.


The Association of British Insurers

The Association of British Insurers is the trade adult finance gambling insurance internet pharmacy for the UK’s insurance industry, representing around 400 companies.

Association of British Insurers
51 Gresham Street
London
EC2V 7HQ

Tel: 020 7600 3333
Fax: 020 7696 8999


Council of Mortgage Lenders

The CML represents the interests of mortgage lenders in the UK

Council of Mortgage Lenders
3 Savile Row
London
W1S 3PB

Tel: 020 7437 0075


Ethical Investment Research Service

The service researches corporate behaviour and provides finance and insurance training to potential investors.

Ethical Investment Research Service

80-84 Bondway
London
SW8 1SF

Tel: 020 7840 5700
Fax: 020 7735 5323


Factors and Discounters Association

The FDA represents the interests and activities of those companies that provide factoring, invoice discounting, and other forms of asset based finance.

Factors & Discounters Association
Boston House
The Little Green

Richmond

Surrey

TW9 1QE

Tel: 020 8332 9955
Fax: 020 8332 2585


Financial Ombudsman Service

The Financial Ombudsman Service provides consumers with a free, independent service for resolving disputes with financial firms

Financial Ombudsman Service
South Quay Plaza
183 Marsh Wall
London
E14 9SR

Tel: 0845 080 1800
Fax: 020 7964 1001


Financial Services Authority

The FSA aims to maintain efficient, orderly and clean financial markets and help retail consumers achieve a fair deal.

The Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS

Tel: 020 7066 1000


Financial Services Compensation Scheme

The FSCS may pay compensation if an authorised firm is unable to pay claims against it.

Financial Services Compensation Scheme
7th Floor
Lloyds Chambers
Portsoken Street
London
E1 8BN

Tel: 020 7892 7300
Fax: 020 7892 7301


General Insurance Standards Council

The council is the watchdog established to set, monitor and enforce standards in all areas of general insurance, including the fair treatment of customers.

General Insurance Standards Council
110 Cannon Street
London
EC4N 6EU

Tel: 020 7648 7800
Fax: 020 7648 7808


Est finance financial hill in insurance international irwin management mcgraw real series Commissioner

The commissioner is responsible for enforcing the law regarding data protection and freedom of information

Information Commissioner
Wycliffe House
Water Lane
Wilmslow

Cheshire
SK9 5AF

Tel: 01625 545 745
Fax: 01625 524 510


The Institute of Chartered Accountants

The Institute of Chartered Accountants is the largest professional accountancy body in Europe, with over 125,000 members.

Institute of Chartered Accountants in England & Wales
Chartered Accountants’ Hall
PO Box 433
Moorgate Place
London
EC2P 2BJ

Tel: 0207 920 8100

The Institute of Chartered Accountants of Scotland

The Institute of Chartered Accountants of Scotland represents accountants in this part of the UK.

CA House
21 Haymarket Yards
Edinburgh
EH12 5BH

Tel: 0131 347 0100
Fax: 0131 347 0105


Institute of Financial Planning

The Institute is the professional body that represents those involved financial planning.

Institute of Financial Planning
Whitefriars Centre
Lewins Mead
Bristol
BS1 2NT

Tel. - 0117 945 2470
Fax - 0117 929 2214


Investment Management Association

The Investment Management Association is the UK trade body for the professional investment management industry.

IMA
65 Kingsway
London
WC2B 6TD

Tel: 020 7831 0898
Fax: 020 7831 9975


Office of Fair Trading

The OFT protects consumer rights and ensures that business compete fairly

Office of Fair Trading
Fleetbank House
2-6 Salisbury Square
London
EC4Y 8JX

Tel: 08457 22 44 99


The Trading Standards Institute

Trading standards provide consumers and businesses with information on their rights.

The Trading Standards Institute
4/5 Hadleigh Business Centre
351 London Road
Hadleigh
Essex
SS7 2BT

Tel: 0870 872 9000



Fax: 0870 872 9025

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News - Scouse v Manc

Posted by admin on 23rd January 2008


To many people from the south, those with mild Liverpool and Manchester accents sound similar. They share similarities in vocabulary. The term “scally”, where much of the rest of the country opts for “chav”, is just one of many words they share.

Liverpool has perhaps the greater sense of isolation and distinctness from the rest of the country. It is much joked that some Liverpudlians think civilisation ends at the Runcorn bridge, but the city really does look as much to the sea as it does back across the land.

When Sir Bob arrived in Manchester in the late 1960s he noticed a city already starting to arrest the decline.

“One was very aware of a city coming back up on the back of sport and the arts. In Liverpool when I went in 2000 one was aware of exactly the same thing, going through the same experience but just much later.”

Superior architecture

There are some who feel Liverpool has to strive to be like Manchester, to compete, because the alternative is doom. Manchester always seems a little surer of its place in the country.

“Liverpool has to find a new life otherwise it will simply be a derelict port,” Sir Bob adds. It has the superior architecture and the current buzz, but is still a long way from catching up.

Royal Liver building

But Liverpudlians boast of the best architecture

It would take a particularly blinkered, rose-spectacled Liverpudlian not to admit that, despite Liverpool’s furious last decade of redevelopment, their regional rivals have the drop on them economically.

One measure would be demand for office space. According to commercial agents DTZ, office space in Manchester typically rents for 28.50 per square foot per annum compared with about 21 in Liverpool. Manchester’s 19 million square foot of office space compares with Liverpool’s 3-4 million.

Mike Taylor, Oldham-born chief executive of BusinessLiverpool, traces rivalry back to the days of the Manchester Ship Canal and its bypassing of Liverpool.

“It was Manchester’s response to the fact Liverpool was a world class port. The idea was to take some of that trade directly into Manchester. It’s the nature of human beings when there are two large powerful forces in a region there is bound to be some competition.”

But Angie Robinson, chief executive of Manchester Chamber of Commerce, says notions of competition, in the mind of ordinary people or of business leaders, is false.

Mersey Ferry

As a port Liverpool looks abroad

“This rivalry is a bit of a myth, particularly from the business community’s point of view - they work across the whole of the North West. The important thing is that both cities are the economic powerhouses of the region, important in their own right.”

Greater Manchester has luxury, like the Lowry Hotel, which Liverpool is striving for. It’s a contrast from the 19th Century when Liverpool boasted the grander buildings. The stunning stock of Georgian and Victorian buildings that are retained make Liverpool the more popular location for shooting films, but Manchester is the media powerhouse soon to boast a new media village and the historic base of Granada.

On the music front can be found the keenest rivalry outside football. Liverpool, as you are unlikely to be allowed to forget, had the Beatles, while Manchester boasted Joy Division, New Order, the Smiths, the Stone Roses and Oasis. Now Liverpool has a new wave of bands led by the Zutons, the Coral and the Dead 60s. But Manchester’s greatest musical cheerleader, the sadly departed Tony Wilson, had a lot of time for Liverpool. The rivalry is the stuff of heated pub conversations, but hardly summons vitriol.

That vitriol is found in football alone. Go outside it, and the historic rivalry is merely that, old battles over commerce and a little economic envy.



Below is a selection of your comments.

I grew up in Liverpool possibly the greatest sign that there is rivalry can be found in the vocabularly of the place. I remember at school that the very, very worst insult you could hurl at anyone would be to call them a ‘manc’. You could question their parenthood, or suggest you had close relations with their sister, or insinuate what their gran was up to with the bin man and it would all be a laugh. But if you called someone a ‘Manc’ - well that was verbally going nuclear, such strong an insult would only ever result in a fist fight.
G McEvoy, Brum

Not being from either city, but having lived in both, I have to agree with some of the stereotypes. Manchester, to my mind, is a much more dangerous city - in addition to the drugs and gangs, there’s a real feeling of the potential for violence in most of the city centre bars.

Rather than look to New York, I believe Liverpool takes a huge amount from Ireland - it gives me a similar “feel” to Belfast - the people and humour are alike. I have not lived anywhere else that has a more defined pride and local identity as to “being from Liverpool”. The same cannot be said for Manchester. Liverpool is on the upslope, whereas Manchester has grown too fast creating a very defined division between rich and poor, with the associated social problems.

SleepyD, Swindon, Wilts

You can’t even compare the two seriously. Manchester is a major international city, Liverpool is a jealous historic remnant. Facing Belfast (not NY as claimed) is hardly a reason to call it great. Liverpool’s only major export since slavery was the Beatles and they recorded all their albums in London while living in the South East. This is like comparing London and Slough because The Office was based in the latter - it’s nonsense.
James, UK

Nowhere else in the country can boast 2 genuinely world class cities, other than the north west. Im a proud Manc, but admit that both cities are indeed great, however, you’d have to say that Manchester is slightly ahead, and is indeed the country’s #2 city behind London, and as with London, is the only city that boasts a ‘Greater’ prefix when describing the general area in which the city is located. Manchester is indeed the capital of the North however, and not many people can argue this.

Liverpool isnt too far behind though, and being a proud northerner, Im very pleased to say that out of the country’s top 6 cities (London, Manchester, Liverpool, Leeds, Birmingham and Newcastle), 5 of them are in the north.. if you count Birmingham as northern! The bottom half of the country only has London, and nothing else in terms of major, important cities. Greater London just happens to be as big as the other 5 put together!

Chris Handley, Manchester, England

In recent years Manchester has had the commonwealth games, Imperial War Museum North, the Trafford Centre, the Lowry, Urbis, rebuilt Picadilly station and the Bridgewater Hall. Liverpool has the Finance insurance statistical tool. Enough said.
Matthew Smith, Manchester, UK

Which is your favourite city, Liverpool or Manchester? Erm, neither, they’re both ferociously awful. Birmingham, however, is slightly better than either. Although I don’t expect this comment to be published as the BBC apparently refuse to accept the existence of what is legally, culturally, and historically the Second City.
Andy Twiss, Birmingham, UK

Both cities are rich in heritage and everyone gloats how both cities are doing so amazing, (Manchester especially after the 1996 IRA bomb), but I can’t help wondering if we are just applauding the Londonesque evolution of these two cities, rather than celebrating the history and influence they have carried to the rest of the world.
Jim Humphreys, Bury

If you want a really unbiased view ask a Brummie! Manchester is clearly a bigger city with more economic clout at the moment. But Liverpool, though clearly shabby in places, has a romance that is hard to beat. Pier Head and the Mersey are magnificent. I spent a long weekend in Liverpool in February, full of art, music, food and beer (latter at the amazing “Phil”). I would never stay in Manchester in the same way.
Adam Green, Ludlow

Is it any wonder why we in Liverpool have to put up with this type of one-sided editorial when the BBC and Granada are based there. The local evening news on both channels is riddled with biased material dotted with ‘the clip’ of 20 year footage of the so called “Riots”. The Mail on Sunday published a piece about drug taking in Manchester parks with a photo and caption of Calderstones Park in Liverpool, one of the best parks in the city. As Mail on Sunday readers only look at the pictures it left us looking in a bad light. Oh yes the Mail was always based in Manchester.
Steve Penney, Liverpool UK

Manchester has one thing over Liverpool - rain.
Gerry, Liverpool

I am intensely proud of being Scouse wherever I go in the world. I love Liverpool and miss it now I live in Ireland. It is distinct from the rest of the U.K, the people are open, bright and creative, which I think stems from our geographic position - looking out to other lands. We are not finance home insurance personal tesco, which is how I feel Manchester is. Scousers do stick-up for eachother because we recognise our shared heritage and the adversities we have had to face, and I think a lot of people from elsewhere, particularly Manchester, feel envious of this solidarity and so are quick to jump on the “self-pity city” bandwagon.
J Jones, Hacketstown, Republic of Ireland

I’m from Liverpool, still living here, and I commute to Manchester to study/research at Manchester uni. I also used to be in a band, gigging around the region, and in both pursuits I’ve found that the Home personal finance insurance
rivalry doesn’t really go beyond a few opening lines of small-talk and the occasional bit of friendly banter. I think most people realise that the so-called ‘rivalry’ is more of a conversation starter than a precursor to any hostilities. The football, of course, is a different matter, although you will find that most scousers don’t mind Man City; the enemy of my enemy is my friend.
Matthew Mahoney, Liverpool

I take it that Finlo Rohrer is from Manchester!?

Dave Carroll, Liverpool

Tony Wilson had it about right when he suggested we Mancunians and the Liverpudlians should probably reserve most of our vitriol for London and the South. Whilst I’m no great lover of Liverpool, it’s obvious that our two cities have far more in common with each other than we commonly admit. Manchester has been quicker off the blocks in redeveloping itself and Liverpool is to a certain extent playing catch up. I wish them good luck - anything that breaks up the hegemony of power concentrated in London is a good thing.
Steeley, Salford, Manchester

I think these two great cities have more in common than some people would like to admit. In the week of Tony Wilson’s funeral I thought it very apt that there was a large floral tribute for Tony from the music lovers of Liverpool. Now as for the football, that’s a differnt kettle of fish…
Nigel Kavanagh, Amsterdam Holland

I was born and raised in Liverpool, love the city and support LFC, but now, after a few years in London, have lived in Manchester for 6 years. Much as I will always be a Scouser, I am proud of what a great city Manchester is and what it stands for in the country. I tend to think of myself now as a supporter of the North (and the North West in particular) as opposed to the South (and London specifically). Certainly you are right that from a business perspective, there is no rivalry between the 2 cities. I think that, with the exception of football, most Scousers and Mancs would say the rivalry is with the South rather than each other.

Steve Morris, Manchester

As someone working in Manchester but having family from Liverpool (although a southerner born in Bristol), I think much of the rivalry dates from the building of the Ship Canal, which took away much of Liverpool’s trade. Many things called “Manchester” are not actually in Manchester at all. The docks and racecourse are in Salford, while Man United play in Trafford. The important thing now is that the north-west lags behind the south-east in investment, particularly in transport.
Geoff Kerr, Todmorden, UK

“Some Liverpudlians think civilisation ends at the Runcorn bridge.” So does the rest of the country, ha ha!
Mike, Crawley

I am from Merseyside but now I live on the Manchester border. Manchester has an amazing (if misplaced) sense of its own self-importance. This is typified by their ill-advised Olympic bids. The rest of the country (and world) sniggered at this folly. Imagine Manchester trying to compete with proper cities with a real world-wide heritage. Manchester’s reputation is built on hype and spin. It’s okay as a regional centre but hardly a world-class destination. Manchester thinks it’s the greatest city on the planet whereas Liverpool KNOWS it is.
Marc, Heaton Moor

The full saying is “Salford Lads, Manchester Men and Liverpool Gentlemen”. Liverpool does not have to ’strive to be like Manchester’, it is by far the better environment. I worked in Manchester for a year, and after three weeks my vehicle was stolen - that has never happened in Liverpool! I always found the vitriol to be more from Mancunians than Scousers - maybe it’s jealousy?
George Birchall, Liverpool

Do you actually get paid for this Finlo? Its clear where your preference lies even in the subtlety of the dark clouds over the Liver Buildings. Next time why dont you compare and contrast equally instead of inciting hatred between cities.
Phil

As cities, they can not be compared and never should have been. Both have qualities which make them unique and it is like comparing Men and Women - two cities seperated by 30 miles with very different characters - Manchester is from Mars and Liverpool is from Venus!!
Helen, Liverpool

I live just across the water (the Mersey) I work in Liverpool. Knowing that we have the Capital of culture next year, yuo can see the City is alive with the buzz of builders, cranes, renovations and cleanups. The City is preparing itself for the biggest party of its life. However, I cant help but think its not quite living up to its full potential. It location has more to give than most cities. It has distinctive architecture and land marks, and could develop into the next cutural centre of northern europe. What has instead been built with the money of the investment is shops…. hardly cultural.
Russell Jacques, Wirral

Black armband city vs the capital of provincialism - who cares?
Tom , Brum

The Coral are not from Liverpool - they are from Hoylake on the Wirral - whilst this is still classed as Merseyside today, it was always historically Cheshire. I am not a mere West Wirral snob trying to down liverpool, I am merely seeking to raise the profile of the port of birkenhead and the Wirral as a whole which seems to be regarded by many as part of Liverpool. And just for the record, I have lived in Manchester for a while and found no malice or ill will from any Mancunian!
Colin Auty, Birkenhead

I’m from Widnes, which is exactly in the middle of Liverpool and Manchester, and I grew up supporting LFC (and am still a massive fan). But I moved to Manchester 18 years ago, since then I’ve picked up a manc accent. This makes going to Anfield an interesting experience, and watching LFC games in a MCR pub equally tricky. To answer your question, both cities are my favorites. Were lucky in the North West to have 2 such powerfully iconic cities, and its the tension between them that has bred such success. And Im not talking football.
scouse manc wooly back, Manchester

Yes Manchester does have the edge over Liverpool. You get this sense in Liverpool of exclusivity - if you are not a scouser you are most definitely an outsider. Not to say Liverpool isnt friendly - it can be - but it seems sort of stuck somewhere in the last century - perhaps not hooked on grief but slow to change and wary of the outside world. Manchester however is most definitely looking outward and for this reason deserves the title of second city.
scott blockley, London

I’m pretty sure this article has been written by a southerner in a London office who seems to have no real experience of either city.
Nicola, Manchester

I have buy to let properties in both cities although I live in the South. My heart votes Livepool but my head says Manchester as it is at least 5 years ahead in terms of ambition and development. Both cities are on the up but I find that businesses in Liverpool are less pro-active and need more prodding to get things done. Everything I try and do in Liverpool is an effort, but in Manchester business is done without too much hassle.
Charlie, Guildford

As a born and bred Scouser who has lived in the South West for the past 8 years I still call Liverpool ‘home’. Liverpool and Manchester are very different places, but at the same time they have to stick together to defend themselves from the abuse both cities receive from our Southern countrymen. Most people who criticise the North, and especially Liverpool, have never been there, but still think it’s okay to “have a dig”! There is of course the big football rivalry between the two cities, but I think that’s where it stops. They are both proud cities with great people - something the whinging Southerners could learn from!
Matt, Bath, Somerset

On Merseyside they say that Liverpool is England’s second city; in Manchester they know that London is.
Martyn Wilson, Malvern

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News - Money Box scoops top award

Posted by admin on 22nd January 2008

BBC Radio 4’s Money Box has been named best financial programme for the second year in a row at a top awards ceremony.


Money Box presenter Paul Lewis was also honoured, winning the car insurance finance Lifetime Achievement award for Financial Journalism.


The ABI (Association of British Insurers) awards are held each year in London to “celebrate excellence in journalism”.


The ABI is the trade association for Britain’s personal finance insurance industry.


Money Box was praised by the judges as being “authoritative, topical and finance insurance tourist zurich
” and “does not just report the news, but looks to make the news”.

Paul Lewis was called “tough, inquisitive, but fair” and “always knows the right questions to ask”.


Fifteen awards were voted for by the communication and press teams at ABI’s member insurance companies.


The Guardian was named Personal Finance Newspaper of the Year, while the Daily Mail’s This is Money was named best financial website.


The Personal Finance Journalist award went to John Greenwood of the Sunday Telegraph and Corey Boles of the Dow Jones took the Business Journalist prize.


Best Personal Finance Editor of the Year award was given to John Husband of the Daily Mirror.


BBC Radio 4’s Money Box is broadcast on Saturdays at 1204 BST and Money Box Live is broadcast on Mondays at 1502 BST.

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News - Wal-Mart pulls out of bank plan

Posted by admin on 21st January 2008


Wal-Mart has pulled out of plans to obtain a US banking licence.


The retail giant had planned to create an in-house bank, known as an industrial loan corporation (ILC).


However, it decided to withdraw its the application with the US Federal Deposit Insurance Corp (FDIC) a government finance watchdog.


Its plan had been auto car finance insurance rate and aroused strong feelings, but Wal-Mart said it had been “surrounded by manufactured controversy”.


“Since the approval process is now likely to take years rather than months, we decided to withdraw our application to better focus on other ways to serve customers,” said Wal-Mart’s president of financial services, Jane Thompson.


Threat fear


The move had been firmly opposed by unions, consumer groups and some state-level banks.


They believed the move would threaten local businesses, although Wal-Mart said it has no plans to open branches or offer banking services to consumers.


Ms Thomson said: “At no stage did we intend to use the ILC to establish branch banking operations, as critics have suggested. We simply sought to reduce credit and debit card transaction costs.”


She added that its existing financial services already offered customers considerable savings.


FDIC chairman Sheila Bair said that Wal-Mart’s decision was a “wise choice”.


“This decision will remove the controversy surrounding their intentions,” she said.


Wal-Mart announced in July 2005 that it would apply to the FDIC - the watchdog which oversees and guarantees US banks and savings institutions - for a licence for a state-chartered bank in Utah.


It had said that it had no wish to compete directly with regular banks, many of which operate cash machines in its stores.


But critics were concerned that a Wal-Mart bank would, over time, expand into other areas, bringing it into conflict with other banks.


Thwarted


The FDIC decided to hold public hearings after it received more than 1,900 letters about the application.


Wal-Mart had intended that the bank would process in-store credit and debit card payments at its outlets.


Wal-Mart’s application did have its supporters, including the American Financial Services Finance insurance job.


The industry body, which represents credit card issuers, had argued Wal-Mart’s move would bring 1035 annuity exchange finance insurance ira transfer competition and could help to lower credit card charges.


Previous efforts by Wal-Mart to move into banking, either through acquisition or finance and insurance training
, have been thwarted by regulators.


It was trying to take advantage of a 20-year legal loophole which allows any company to operate an ILC in California, Utah and Nevada.


Owners of ILCs are not bound by some regulations applying to other insured banks, overseen by the Federal Reserve.

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