Beware property funds that can keep your cash PRISONER

After a 30-year career in property management, Lynn Jackson had been looking forward to retiring in December. So it’s a cruel irony that the 65-year-old has been denied access to her pension because it is trapped in a frozen property fund.

Ordinary investors have around £13.5 billion of savings in property funds, which typically own office blocks, warehouses, restaurants and shops. But a slew of funds were suspended when the pandemic hit because of uncertainty in the property market.

Today, the Mail reveals how experts are predicting that investors may be forced to wait until next year before they can access their money.

A slew of property funds were suspended when the pandemic hit because of uncertainty in the property market

A slew of property funds were suspended when the pandemic hit because of uncertainty in the property market

Diane Earnshaw, of investment research group Square Mile, says: ‘Property funds rely on expert valuations to determine what the properties are worth.

‘Valuing such property was extremely difficult during

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BDO apologizes as digital banking channels unavailable on payday

BDO Unibank logo Banco de Oro logo

BDO Unibank logo Banco de Oro logo

The digital banking channels of the Philippines’ biggest lender BDO remain inaccessible as of the morning of Wednesday, September 30, 2020, also a payday for majority of the country’s population.

BDO Unibank Inc. on Wednesday issued an apology for the inaccessibility of its digital banking channels, as it cited a peak in the volume usage.

“The Bank has been experiencing ever-increasing volume usage in our digital channels and have taken steps to adjust. Today’s volume has been substantially higher than the normal peak levels,” it said in an advisory posted via social media.

“We have already taken steps to upgrade to a new digital banking platform. Please bear with us as we prepare for the migration to the new platform,” the Sy-led lender said.

Moving forward, BDO said customers are encouraged to instead use the automated teller machines (ATMs) or head to the

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All Utah women invited to attend virtual financial empowerment conference

Utah State Treasurer David Damschen encourages all Utah women to attend the 2020 Virtual Women in the Money: Utah Financial Empowerment Conference on Friday, Oct. 9, from 8 a.m. until 3:30 p.m.

The virtual conference features expert speakers and exhibitors who will provide valuable information and resources to assist Utah women on their pathway to financial security and success, a press release stated.

Author and nationally syndicated columnist for The Washington Post, Michelle Singletary, and former executive director of the Utah Governor’s Office of Management and Budget, Kristen Cox, will provide conference keynote addresses, and personal and family finance experts will offer more tailored information and training during smaller workshops. Prizes will be awarded to the attendees with the highest levels of participation during the conference.

a group of people posing for a picture

© Provided by KUTV Salt Lake City

Conference attendees will learn:

  • How to improve their personal and family finances, 
  • Maximize their income, 
  • Reduce their
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Alfa Bank and Plug and Play to Collaborate on Innovation in Fintech

FRANKFURT, Germany and MOSCOW, Sept. 30, 2020 /PRNewswire/ — Alfa Bank has announced its partnership with Plug and Play, the largest global innovation platform headquartered in Silicon Valley. Along with 80 other financial institutions across the United States, Frankfurt, Amsterdam, Milan, Paris, Abu Dhabi, Shanghai, Singapore, and Tokyo, Alfa Bank will join Plug and Play’s global ecosystem, leveraging the platform to support its comprehensive digital transformation strategy in the field of fintech.

Plug and Play Logo (PRNewsfoto/Plug and Play)
Plug and Play Logo (PRNewsfoto/Plug and Play)

With this cooperation, Alfa Bank is expanding its contacts to fintech startups on a global scale. The bank has already created the best banking application in Russia, according to Markswebb. Alfa Bank is also developing “A New Generation Branch Network” with recognition based on biometrics and geolocation without refusing live communication with customers. This has allowed them to have

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As Podcast Advertising Revenues Near $1 Billion, Can An Antiquated Music Industry Be Reinvigorated?

The podcasting space continues to thrive with ad revenues projected to grow by 14.7%, hitting $1 billion in 2020, making the audio medium a now proven, lucrative entry point for once weary advertisers and adjacent creator ecosystems. 

Consumers are on board too – more than 100 million people in the U.S. listen to at least one podcast each month. With minimal production needs and the ability to create stories virtually, monetizing this fairly simple type of content sets up podcasting as a viable business during the pandemic.

Record companies who are primed to pivot to podcasts with intact distribution pipelines, marketing departments, and signed talent, are finally starting to make substantial commitments to grow podcasting within their organizations. 

Sony Music, the second-largest music company, last week announced their intention to release 40 or so new [podcast] shows by the end of

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Palantir insiders locked out of trading due to software glitch

  • Palantir insiders were temporarily unable to sell shares Wednesday due to an issue with Morgan Stanley’s trading software, Shareworks, CNBC first reported and Shareworks confirmed to Business Insider.
  • The data-mining company went public Wednesday morning via a direct listing at $10 per share, but took a page from the traditional IPO process by having a “lock-up” period for existing investors.
  • Palantir still allowed those investors to sell up to 20% of their shares during the lock-up, but according to CNBC, some initially couldn’t take advantage of it because of a software glitch.
  • A spokesperson for Shareworks by Morgan Stanley told Business Insider the company “experienced slowness that may have resulted in delayed logins into our system” but that its call centers were able to execute trades “at all times.”
  • Palantir’s stock jumped as much as 14% per share in early hours, but dropped again later in the day.
  • Visit Business
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Best car insurance companies 2020

Purchasing a new car is an exciting experience. But cars aren’t cheap, and you need car insurance to protect your investment. Car insurance covers your vehicle in the event of an accident and protects you from certain liabilities as a driver. To find the best car insurance company, it’s important to look at financial strength, customer service reviews, coverage options and the price of policies. The good news is, we’re here to help make the process easier.

a group of people riding on top of a dry grass field: Best Car Insurance Companies for 2020

© View Stock/Getty Images
Best Car Insurance Companies for 2020

You may be working from home and driving less because of COVID-19. But having car insurance is still important for when you do drive. Plus, if your car is financed and you’re still paying it off, auto insurance is mandatory.


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To rate the best car insurance companies, we looked at factors such as customer satisfaction, claims satisfaction, claims settlement and customer

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Monetary Authority of Singapore Tells Wirecard to Stop Credit Services and Return Customer Funds

The Monetary Authority of Singapore (MAS) has told bankrupt Fintech Wirecard (WDI.DE) to halt payment services in Singapore and to return all customer funds by October 14, 2020.

MAS states that it has been monitoring Wirecard’s bankruptcy proceedings and the ability of the company to provide services in Singapore. When word of the insolvency came out, MAS required Wirecard to keep all customer funds in banks in Singapore and to help customers transfer to alternative services.

Wirecard SG has since informed MAS that it is unable to continue providing payment processing services to a significant number of merchants.

Wirecard has emerged as a poster child for fraud and hubris. Once a Fintech darling and a member of the German DAX, Wirecard imploded when it was revealed that the payments firm could not locate €1.9 billion. Soon, Wirecard’s CEO Markus Braun was arrested for allegations of fraud and the COO, Jan

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Coralogix lands $25M Series B to rethink log analysis and monitoring

Logging and monitoring tends to be an expensive endeavor because of the sheer amount of data involved. Companies are therefore forced to pick and choose what they monitor, limiting what they can see. Coralogix wants to change that by offering a more flexible pricing model, and today the company announced a $25 million Series B and a new real-time analytics solution called Streama.

First the funding. The round was led by Red Dot Capital Partners and O.G. Tech Ventures, with help from existing investors Aleph VC, StageOne Ventures, Janvest Capital Partners and 2B Angels. Today’s round, which comes after the startup’s $10 million Series A last November, brings the total to $41.2 million raised, according to the company.

When we spoke to Coralogix CEO and co-founder Ariel Assaraf last year regarding the A round, he described his company as more of an intelligent applications performance monitoring with some security logging

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Charles Schwab Investment Management Inc. Lowers Stock Holdings in Enterprise Products Partners L.P. (NYSE:EPD)

Charles Schwab Investment Management Inc. decreased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 2.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 934,573 shares of the oil and gas producer’s stock after selling 19,160 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Enterprise Products Partners were worth $16,981,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Carroll Financial Associates Inc. raised its position in Enterprise Products Partners by 4.2% during the second quarter. Carroll Financial Associates Inc. now owns 26,461 shares of the oil and gas producer’s stock valued at $480,000 after purchasing an additional 1,073 shares in the last quarter. Moody National Bank Trust Division grew its stake in Enterprise

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