Archive for June, 2010
A 200% return from FTSE 100 – too good to be true?
Investment product promises to maximise earnings on slow growth in the market, but financial advisers are sceptical Cater Allen Private Bank has launched a structured product promising to return up to 200% of any growth in the FTSE 100 during a six-year period, capped at 50% of the initial investment. The bank says the Capital [...]
Saving scheme for low earners scrapped
Treasury slams the door on Labour’s Saving Gateway which aimed to give 50p boost for every pound saved The government has quietly scrapped one of Labour’s flagship initiatives to encourage Britain’s financially excluded people to save. The Saving Gateway, a scheme designed to encourage those on a low income to save by boosting every £1 [...]
Retirement age rise plan attacked by charities and unions
Ministers accused of ‘moving goalposts’ as greater life expectancy triggers pensions review Government plans to increase the retirement age and reform pensions, unveiled today, have been criticised by unions and charities as “class war” and a plan to make pensioners “work till they drop”. The Liberal Democrat-Conservative coalition announced a review designed to “reinvigorate the [...]
EFG Backed Loan Application Process
How does a business apply for an EFG backed loan? Step One – Evaluation of Borrowing Proposal (Assessed by Participating Lender) EFG Applicants will potentially need to provide all the information normally required by a lender in connection with a loan application, typically including: business plan, including details of the purpose of the loan [...]
Enterprise Finance Guarantee
The Enterprise Finance Guarantee (EFG) is a loan guarantee scheme aimed at facilitating additional bank lending to viable SMEs with no or insufficient security to secure a normal commercial loan. It was launched in January 2009 to help viable SMEs obtain the working capital and investment that they need during a time of unprecedented tightened [...]
