Following a recent review of our compliance procedures, we are updating our terms of business document to include the following changes: A more detailed description of our regulatory status as an Independent Broker and Authorised Advisor. Guidance notes on the importance of reviewing your circumstances regularly. An explicit option for our client’s to pay in full for our services by …
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Feb
Cessation of the Eligible Liabilities Bank Guarantee Scheme
By: Shane Brennan
Category: Deposit Rates, General
Yesterday the Irish Government announced the cessation of the Eligible Liabilities Guarantee (ELG) Scheme, effective from 28th March 2013. The full text of Michael Noonan’s announcement can be found here. The controversial scheme was introduced in September 2008 in response to share price collapses in Irish banks. The scheme essentially covered all deposits in participating Irish banks, without limit. What …
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Dec
The 2013 budget was read to the Dail yesterday afternoon, with no great surprises this year. Total spending cuts of €2BN were announced, as was the expected property tax. New homes bought this year will be exempt from this tax for 4 years, as will any homes bought by first time buyers. It has been confirmed that the 0.6% pension levy …
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Jul
July 2012 – Kleinworth Benson Investors have just produced a well balanced article about the ongoing Eurozone crisis. With their permission, the article is re-produced here in full. Needless to say, the future of the eurozone is a key issue for all investors. We think that there are three main “endgame” scenarios from here, each of which we explain below. …
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Dec
Good evening – a quick summary of the budget is below. We will no doubt be writing more about this subject in the coming days and weeks! Income Tax · Tax Credits reduced by 10% · Reduction of tax bands by 10% · A step towards a universal social contribution paid by all workers Ø by abolishing income levy and …
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Dec
Eoin Fahy, Chief Economist with Kleinworth Benson Investors has produced an excellent summary of the recently announced EU/IMF support package. With his kind permission, it’s reproduced below. Last night’s announcement of the details of the EU / IMF support package contained some elements that were as expected, but others that were genuinely surprising. The key issue now is the reaction of depositors. Key …
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Oct
Global equity markets posted their seventh successive positive monthly return in September as the global economic recovery maintained it’s momentum. The MSCI World Index rose by 2.1% in Euro terms, with emerging markets posting the strongest return, and all major regions being in positive territory. The recovery from March 09 low levels has been as a result of convincing signals …
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Sep
Global equity markets continued in their positive vein in August but with varying overall returns for regional markets. The MSCI World Index rose by 2.9% in euro terms, driven by signs that the recessions in major developed countries are at, or drawing near to, their end. Emerging markets underperformed the developed economies and endured a rough month in Euro return …
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Aug
So much for sell in May & go away…… July was a very strong month for global equity markets, with the MSCI World Index up over 7% in Euro terms. Year to date, the Index is now up 13.6%. Investor sentiment remained positive despite the slight pull back in stock prices in late Qtr 2. Emerging markets performed best, gaining …
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Jul
As the stockmarket saying goes – ‘Sell in May and go away…..’ After the rallies of March, April & May, June was a quieter month for global equities with the MSCI World Index up 0.5%. Equities struggled in the middle of the month in a quiet environment, with emerging markets giving back some of the very strong gains experienced since March. The MSCI Emerging Markets …
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