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Week in numbers

225% – The percentage of his £1.06m annual basic pay that Lloyds Banking Group chief executive Antonio Horta-Osorio would have got as his 2011 bonus, had he not declined it last week.

3,500 – The number of jobs the Royal Bank of Scotland plans to cut as part of a shake-up of its investment banking division.

£2bn – The value of reported fraud in 2011, according to BDO’s latest FraudTrack report. This is the highest figure recorded by the annual survey.

193 – The number of mortgage possession claims issued in an average day in January.

10 – The number of people in Virgin Money’s executive team, announced last week. Roles include a customer and distribution director and a people director. Chief executive officer Jayne-Anne Gadhia will head the company board.

20% – The proportion of disposable earnings used by the Scots to pay their mortgage in Q4 2011 – well below the average of 30% recorded over the past 27 years, according to Bank of Scotland figures.

1,779 – The number of consumer County Court Judgements that were issued in Q3 2011, according to figures from charity Credit Action.



Making the most of every opportunity

Unlike the heady pre-credit crunch days, when mortgage brokers could sit back and wait for sales opportunities to walk through the door, we now have to work harder for every customer.

No loss, no fee rule would curb ambulance chasers

I was interested to read last week that the Financial Ombudsman Service is planning to increase the number of free cases that businesses are allowed from three to 25 in 2013.

Brexit and the mid cap buying opportunities

Video update from Mark Martin, Head of UK Equities, Neptune Investment Management With the Brexit referendum scheduled for 23 June, how much risk is priced into the market and is the current volatility a long-term buying opportunity? Watch Mark Martin, Head of UK Equities, and Holly Cassell, Assistant Manager on the UK Mid Cap and […]


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