Chinese whimpers not whispers…

The Chinese mainland stock markets have had a torrid two months. On 9 June, MSCI, a major provider of global stock market indices, announced that this year it would not be including in its Emerging Markets Index mainland China shares (A-shares) listed in Shanghai and Shenzhen. The decision had been widely awaited and the two […]

Doffing the care cost cap

The proposal for a care cost cap in England has been put on hold. Back in 2011, the Dilnot Commission proposed a cap of £35,000 on lifetime personal liability for care costs. The Commission’s report was the latest in a long line of government enquiries into the thorny issue of funding long term care in […]

Deposit protection to fall

The compensation for lost deposits is to be cut by £10,000. On the first Friday in July, a few days before the Budget, the Prudential Regulatory Authority (PRA) announced that the level of Financial Services Compensation Scheme (FSCS) protection for depositors was to be cut with immediate effect from £85,000 to £75,000. The PRA, which […]

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