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07 Oct 2008
Concerns about the safety of deposit accounts to the millions held in self-invested personal pension plans or in insurance-based accounts in companies such as AIG, have driven some entrepreneurs to look offshore in a ‘mad state of panic’.
‘They want to know if there are any other banks in danger of going under and where they should move their money. It's easy to say 'keep calm' but there are a lot of worried people out there,' one adviser told The Daily Telegraph.
Many entrepreneurs have been tempted by the Irish government's decision to protect all bank deposits as the British ceiling of £50,000 holds little attraction for the ‘heavy hitters’, according to the adviser.
‘We have seen quite a few of our perfectly normally level-headed clients suddenly starting to get more stressed. It's taken us by surprise, but the vast majority are just looking for enlightenment,’ Peter O'Sullivan, head of financial services at Tenon, said.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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