23-01-2012 21:56 LIONEL NY's PIX 11 News Commentary Aired: January 23, 2012 Mitt Romney and his offshore banking is really nothing compared to globalist elite banksters.
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Mittens: Mr. Offshore - Video
Scottish Widows has confirmed plans to re-enter the IFA annuity and protection markets following a strategic review of the provider’s intermediary strategy.
Widows has also decided to exit the offshore bond market as it is no longer “core” to the firm’s investment offering. Following the decision, Clerical Medical International will close to new business from March 30.
Lloyds Banking Group director of insurance Toby Strauss says: “The IFA market is a core channel for us and we will be working closely with IFAs to ensure we not only create a new and enhanced product offering but also deliver these in a way that caters for their needs in what is a rapidly changing market.
“We are committed to providing customers with products that reflect their changing needs and with people living longer and rapid growth in demand for annuities we feel this is the right time to signal our move into this market.
“And with a protection gap in excess of £2trn, there is already a substantial customer need for life assurance in the UK. Our existing expertise in life assurance through other channels means that we can utilise this to develop a compelling protection offering that will be specifically designed for the IFA market.”
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Scot Wids to re-enter IFA annuity market and exit offshore bonds
LONDON, UNITED KINGDOM--(Marketwire -02/07/12)- The four sites being closed all belong to the Bank's Group Operations Division, which carries out back office processing for the Bank, and are:
-- Kingsway, Scunthorpe Mortgage Unit (208.5 FTE) - Mainly compulsory
redundancies
-- Quay House, Dudley (217 FTE) - Relocation of most staff to another site
-- St James' House, Romford (212.3 FTE) - Mainly compulsory redundancies
-- Manors Business Park, Newcastle (135 FTE) - Mainly compulsory
redundancies
The Group Operations Division (which is making 840 FTE staff reductions overall) is also consolidating its activities in fewer sites, reducing these from 27 to 15. It is expected over the coming months to announce yet more redundancies and site closures.
There are also a further 265 FTE job reductions being announced today; most notably a Contact Centre in the West Midlands and 67 FTE roles will be lost in the Insurance Division's Offshore Bonds function on the Isle of Man, which is being closed as the Bank withdraws from this sector.
Jobs Slashed In The UK ... But Retained In India
Despite having so far made the jobs of over 30,000 UK-based staff redundant since Lloyds TSB and HBOS first merged, the Lloyds Banking Group remains wedded to its unethical policy of transferring work to India, where it can recruit workers on inferior contracts and far lower pay than the staff they are replacing in the UK.
It is a simple fact that if the Bank were to abandon its discredited Offshoring Policy it could safeguard many of the existing jobs that are being lost in the UK.
The Bank should accept that it has a responsibility to its existing UK-based workers, the local communities within which it operates and the UK Tax Payer, by returning jobs to the UK.
Union Comments
Steve Tatlow, Assistant General Secretary at LTU, has said:
"This is yet another blow to hardworking, low-paid staff in the UK who have so far suffered over 30,000 job reductions since the creation of the Lloyds Banking Group.".
"We are urging the Bank to recognise that it has a responsibility to its existing UK-based staff, the communities within which it operates and the UK Tax Payer that bailed it out, by returning jobs previously transferred to India back to the UK.".
About Lloyds Trade Union (LTU)
Lloyds Trade Union (LTU) is the largest independent trade union representing staff working in the Lloyds Banking Group, with over 40,000 members. In large parts of the Bank, LTU represents over 90% of all managers and staff.
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Lloyds Banking Group Announces Four Site Closures & Redundancy Of The Jobs Of More Than 1,000 Staff
25-01-2012 14:51 http://www.StockMarketFunding.com Netflix Earnings Preview 2012. Currently NFLX has 18.40% short interest and was sold down to a 52 week low of $67.61 before bouncing back to the current levels. Traders are looking for a big short squeeze back above $100 or a total reversal in the equity to the...
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Netflix Earnings Preview 2012 - Video
03-02-2012 15:20 More Trading Tips for Stock Traders at: http://www.TradingTips.com Other recommended sites for traders at http Facebook has changed the way people use the Internet. Heck, it's changed the way people live their lives! How many marriages has Facebook caused? How many divorces? With all this usage comes big money, and the opportunity for big investor profits. This week, Facebook filed an Initial Public Offering. The actual IPO will take place sometime in May. The financial world has been buzzing about Facebook, especially since its filing came with the release of financial data for the first time ever. But is this all hype? Will you make money by buying Facebook's IPO? This episode of TradingTips.com will give you the lowdown. In this episode, you will learn: - Facebook's 2011 revenue and income numbers. They're big! - How IPOs work and how they're not designed to help "the little guy" get rich. - What some of the pitfalls of investing in Facebook might be -- and how the company itself may find itself in trouble shortly after having its IPO. - How IPO stocks in general fare in their first 24 months after their IPOs. We also found a stock you can buy into now, which might help you capitalize on the Facebook buzz. The stock is already up big, and while it may be overvalued now, chances are it will continue to gain market value right up until shortly before or after Facebook's IPO. This is a "dumb money" play, where you can ride the tide of exuberant traders and sell into strength ...
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Can you make money by buying Facebook's IPO? - Video