Baring BAM UK Government Bond Fund > Reviews > Review in wrong category - avoid

Author's product rating:   

Short-term performance	Average
Long-term performance	Very Poor
Rating of sector performance/potential	Poor
Quality of fund management	Average
Competitiveness of charges/costs	Poor

Advantages:	avoid
Disadvantages:	avoid

Recommend to potential buyers:

no

Full review

- 'Darling buds of dismay' -
Northern Rock fiasco (sept 2007)

Crisis! What crisis? It's just remarkable that it was a week ago that Northern Rock was apparently in melt-down. All sorted now - Perfic! - At the time it was strange to see the savers amongst us were the elders, coach loads of them. It was obvious that they were concerned needlessly and at the time feared for there financial freedom. What seemed to highlight the crisis for me was that no-one for over 24 hours could log-in to their accounts online and use their financial freedom. They claim it to be excessive traffic to their site, but for the 5th biggest financial company in UK it is hard to believe. A server outage was miraculously well-timed, one of a few odd co-incidences. No doubt Northern Rock was doing everything to keep afloat. Selfish? Well of course, they are a financial institution nevertheless.

Now that the crisis has subsided for now, thanks to the governments' intervention. It is business as usual at Northern Rock branches- all perfic! But I wonder what would happen if more financial institutes fell down the same cash hole?