Towry's new business strategy involves focusing on clients with investments of GBP100,000 or more, which has prompted the company to close the smallest client accounts of less than GBP5,000 in assets. Should this strategic shift represent a wider market dynamic, this will present a significant opportunity for banks to absorb those investment clients left on the wayside.
John Lewis's first retail savings bond will allow its customers and staff to invest directly in the partnership. Offering an appealing rate paid in cash and partnership vouchers from a trusted brand name, this innovative product will be attractive to investors seeking new options. Such initiatives from retailers will incite further competition and innovation within the financial services market.
The uncertainty surrounding the willingness and ability of the eurozone to deal with the debt crisis effectively is exacerbating problems that have been latent since its inception. Greece is now faced with tough choices that have been postponed since the country joined the euro over 10 years ago. This is expected to have dramatic impacts on the overall wealth held by Greek retail investors.
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