Christmas madness strikes financial services industry

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We're approaching that time of year again when financial services companies go crazy issuing Christmas-themed press releases in a bid to get media coverage.

But sometimes you really have to laugh at the tenuous links companies try to make between the festive season and new product launches or research. So here are a few examples of what’s in my inbox today, just to start you off on the working week with a bit of a chuckle. “The Children’s Mutual predicts ‘the Xmas factor’: Father Christmas to top up child trust fund accounts.” Apparently the average child receives presents worth £330 but if 10% of this is saved into a CTF account each year, the child could get £2,000 by the time they are 18. This is all very well, but what ‘average’ child is...

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