Money Marketing
2 January 2008
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AMI warns on RDR creep
4 Jan 2008
The Association of Mortgage Intermediaries is cautioning the FSA against regulatory creep stemming from the RDR.
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Arc Capital & Income - Stepped Kick-Out Plan
7 Jan 2008
Arc Capital & IncomeStepped Kick-Out Plan
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Arc Fund Management - Growth Company VCT C Shares
7 Jan 2008
Arc Fund ManagementGrowth Company VCT C Shares
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Axa adds two further funds to pensions and investments platforms
3 Jan 2008
Axa has added two more M&G retail funds to its pensions and investments platform bringing the total M&G funds available to six.
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Axa’s Elevate platform takes off
7 Jan 2008
Elevate, the new wrap platform created by Axa Distribution Services, is now operational, according to a company statement.
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BlackRock Merrill Lynch Investment Managers - MLIIF European Enhanced Equity Fund
7 Jan 2008
BlackRock Merrill Lynch Investment ManagersMLIIF European Enhanced Equity Fund
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Building societies chasing banks for cheapest mortgages
3 Jan 2008
Banks and building societies are vying to offer the cheapest mortgages, according to a survey by Defaqto.
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Cheshire Building Society - Buy-To-Let Two Year Fixed Rate
7 Jan 2008
Cheshire Building SocietyBuy-To-Let Two Year Fixed Rate
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CII Group appoints two new board members
7 Jan 2008
The CII Group has announced the appointment of Oxygen Insurance Brokers head of agency operations Sian Fisher and AXA Insurance chief executive Peter Hubbard to its main board.
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Closure rate of workplace pensions is slowing down
4 Jan 2008
The National Association of Pension Funds says the closure rate of workplace pensions is slowing down after many years of change.
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Consumers fail to see value of advice, says FSCP
4 Jan 2008
The key barrier to increasing the number of people seeking financial advice is the perception that there is no value to it, according to the Financial Services Consumer Panel.
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Coventry Building Society - +0.24% Flexx BBR Tracker
7 Jan 2008
Coventry Building Society+0.24% Flexx BBR Tracker
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Doric Asset Finace - The Lion Plaza Fund
7 Jan 2008
Doric Asset FinaceThe Lion Plaza Fund
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Employers hold the key to pension provision
5 Jan 2008
Jeremy Ward, Head of Pensions Marketing, Friends Provident, gives a view on the vital role of employers in averting a future pensions crisis
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Equitable Life completes with-profits annuities transfer to Pru
2 Jan 2008
Equitable Life has completed the transfer of £1.7bn of with-profits annuities to Prudential.
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ETF Securities - ETFS Forward Heating Oil
7 Jan 2008
ETF SecuritiesETFS Forward Heating Oil
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ETF Securities - ETFS Forward Lean Hogs
7 Jan 2008
ETF SecuritiesETFS Forward Lean Hogs
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ETF Securities - ETFS Forward Live Cattle
7 Jan 2008
ETF SecuritiesETFS Forward Live Cattle
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ETF Securities - ETFS Forward Natural Gas
7 Jan 2008
ETF SecuritiesETFS Forward Natural Gas
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Financial services business volumes plummet at end of 2007, according to CBI survey
7 Jan 2008
Business volumes in the financial services sector fell at their fastest rate since March 1991 in the final three months of 2007, according to a survey by the CBI and PricewaterhouseCoopers.
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Five-strong team quit Wins for Numis
8 Jan 2008
Five members of Wins Investment Trust team, including researchers Charles Cade and Simon Elliot, have quit the offering to join rival business Numis.
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FSA bans mortgage broker for submitting falsified mortgage applications
7 Jan 2008
The FSA has banned Eric John Stevens of Select Mortgage Services for submitting falsified mortgage applications to mortgage lenders.
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FSA shows lack of IFA understanding over prudential rules, says Aifa
8 Jan 2008
Aifa has raised concerns over the FSA’s Review of Prudential Rules for Personal Investment Firms, saying the focus is on advisory firms at the expense of the wider market.
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FSA to get intervention powers over failing banks, says Darling
4 Jan 2008
The FSA will be given powers to intervene in failing banks and seize depositors’ cash to avoid a repeat of the Northern Rock debacle, according to Chancellor Alistair Darling.
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FundsNetwork confirms line up for investment forum
3 Jan 2008
Fidelity FundsNetwork's investment forum has been scheduled including speakers from 7IM, Fidelity, Martin Currie, New Star and Schroders.
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Godiva Mortgages - Credit Impaired Near Prime Full Status 6.95% Flexx Fixed
7 Jan 2008
Godiva MortgagesCredit Impaired Near Prime Full Status 6.95% Flexx Fixed
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Gross lending dropped 10.4% in November, says CML
8 Jan 2008
Gross lending in the mortgage market dropped 10.4 per cent to £30bn in November 2007, down from £33.5bn in October and £33.2 billion in November 2006, says the Council of Mortgage Lenders.
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Hain failed to declare gifts worth thousands of pounds
8 Jan 2008
Work and Pensions Secretary Peter Hain has apologised after failing to declare donations worth tens of thousands of pounds received during his campaign to become deputy leader of the Labour party.
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Hips debacle blamed on Government's poor preparation
3 Jan 2008
The communities and local government select committee published its second annual report today which contained a damning review of how the Hips debacle was mishandled by the Government.
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HMRC clamping down on tax avoidance, says GT
8 Jan 2008
HM Revenue & Customs looks set to clamp down on tax avoiders with its new new powers under the Police and Criminal Evidence Act 1984 to reclaim unpaid taxes, says Grant Thornton.
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If Pensions Bill passes unchanged it could seriously harm provision, says Standard
8 Jan 2008
Standard Life is warning if the Pensions Bill is passed without serious amendment it could inflict serious harm on existing pension provision and people aligned to Personal Accounts will be denied advice to decide if they are most suitable.
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IMLA says recession worries could be unfounded
4 Jan 2008
The Intermediary Mortgage Lenders Association is warning that there is no need to convince ourselves of a recession.
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John Tiner awarded CBE
2 Jan 2008
Former FSA chief executive John Tiner has been awarded a CBE in the Queen’s New Year's honours list.
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Kent Reliance Building Society - 25 Year Fixed Rate
7 Jan 2008
Kent Reliance Building Society25 Year Fixed Rate
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Keydata Investment Services - Dynamic Growth Plan Plus 1
7 Jan 2008
Keydata Investment ServicesDynamic Growth Plan Plus 1
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Keydata Investment Services - Dynamic Growth Plan Plus 2
7 Jan 2008
Keydata Investment ServicesDynamic Growth Plan Plus 2
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Leek United delays new intermediary products
8 Jan 2008
Leek United Building Society has decided to not launch any new products for the intermediary market at the beginning of 2008.
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London Scottish to increase cash reserves under Basel II
2 Jan 2008
London Scottish Bank has been advised by the FSA to raise the money held in its cash reserves as new rules came into effect yesterday.
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Lutine launches online MPPI product
7 Jan 2008
Lutine Assurance has launched a new online mortgage payment protection insurance proposition for new mortgages, existing mortgages and re-mortgages.
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LV= launches new flexible retirement solutions business
7 Jan 2008
LV= is launching its flexible retirement solutions business, following the completion of integrating Tomorrow's new business operations it bought from Swiss Re last month.
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Managing Partners - Traded Policies Fund
7 Jan 2008
Managing PartnersTraded Policies Fund
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Market Round-up: Retailers flailing while oil motors on
4 Jan 2008
It was a case of swings and roundabouts this week as the FTSE 100 edged up by 1 per cent against a backdrop of mixed news with gains in oil stocks cancelling out the gloomy outlook for retailers.
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Merchant Investors launches new Sipp
7 Jan 2008
Merchant Investors is launching a new Sipp that combines the qualities of an insured Sipp with the investment scope of a trust based SIPP.
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Nationwide Building Society - 10 Year Fixed Rate Mortgage
7 Jan 2008
Nationwide Building Society10 Year Fixed Rate Mortgage
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Network Data suspends launch of Homeowners Mortgages
7 Jan 2008
Network Data has suspended the launch of its new whole of market lending proposition, Homeowners Mortgages.
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New Star announces management change on Asia vehicle
8 Jan 2008
New Star has announced that Rob Jeffree will take over from Mark Harris as manager of the firms £24m New Star Asia portfolio.
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New Star looks to merge UK vehicles
7 Jan 2008
New Star is planning the merger of James Ridgewell £50m UK special situations fund into Tim Steer’s £424m UK Alpha vehicle.
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NFU Mutual to slash renewing customers insurance premiums by up to 10%
8 Jan 2008
NFU Mutual says renewing customers will see annual general insurance premiums reduced by between 6 per cent and 10 per cent this year.
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NFU Mutual to slash renewing customers insurance premiums by up to 10%
8 Jan 2008
NFU Mutual says renewing customers will see annual general insurance premiums reduced by between 6 per cent and 10 per cent this year.
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No rest for the regulator in 2008
7 Jan 2008
It seems the FSA will have to hit the ground running this year following Chancellor Alistair Darling’s announcement that the regulator will be given powers to intervene in failing banks.
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Noble hires new CIO
7 Jan 2008
Noble Fund Managers (Noble) has appointed Bruce McLaren as the firms new chief investment officer.
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NU sees further devalue on property collectives
2 Jan 2008
Norwich Union's collectives property funds have moved to a fortnightly valuation basis.
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Pada chief says delay in personal accounts is a "possibility"
2 Jan 2008
Personal Accounts Delivery Authority chief executive Tim Jones says there is a possibility that the introduction of personal accounts could be delayed beyond the target date of 2012.
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Parkinson to be face of Axa Sun Life Direct
7 Jan 2008
Sir Michael Parkinson has become the new face of AXA Sun Life Direct.
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Pensions Bill does not go far enough
3 Jan 2008
The second reading of the Pensions Bill is due on Monday and this has prompted calls from some areas of the industry to overhaul parts of the proposed legislation.
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Property buyers don't know how to raise stamp duty, says Stroud & Swindon
7 Jan 2008
Forty-two per cent of those planning to buy a property have no idea how they will raise the cash for the stamp duty land tax, according to research by Stroud & Swindon.
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Property problems roll on
2 Jan 2008
Property has arguably been the biggest investment story throughout 2007 as the high flying asset class made a rocky landing with many firms moving from an offer to a bid on their respective funds.
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Pursglove joins Gartmore as head of UK retail
7 Jan 2008
Former Cazenove sales director Richard Pursglove is joining Gartmore as head of UK retail.
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Santander maintains interest in A&L
2 Jan 2008
Santander has not ruled itself out of plans to buy Alliance & Leicester, despite breaking off negotiation talks in mid-December.
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Scottish Friendly buys LANMAS
7 Jan 2008
Scottish Friendly has taken over the business of Leicester-based London Aberdeen & Northern Mutual Assurance Society, effected on December 31.
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Singletons twice as likely to ignore MRC rate change
8 Jan 2008
Half of married or co-habiting couples worry about the impact of an interest rate change, says Intelligent Finance.
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Small business costs to increase during 2008, says BoS
7 Jan 2008
Over 80 per cent of small business owners expect the costs of running their business to increase in 2008, says Bank of Scotland Business Banking.
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Standard Life receives smaller companies boost
4 Jan 2008
Standard Life has been given a ‘AAA’ rating by fund agency OSBR for its outperforming UK smaller companies fund.
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Stress is biggest cause for group IP claims, says Canada Life
3 Jan 2008
Stress is the biggest cause of group income protection claims in the UK, says Canada Life.
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Stress-testing and a Friendly takeover
8 Jan 2008
Scottish Friendly kicked off the first of the scintillating New Year developments in the protection market, with its acquisition of Aberdeen & Northern Mutual Assurance.
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SWIP enters fund of funds fray
3 Jan 2008
Scottish Widows Investment Partnership has added its name to the fund of funds market by launching two vehicles in the shape of a multi-manager diversified and select boutiques fund.
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Tenet hosts first 'Virtual PDM' on Jan 15
7 Jan 2008
Tenet is hosting its first-ever Virtual professional development meeting on January 15 from the London Stock Exchange.
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Thames River Capital - Longstone Fund
7 Jan 2008
Thames River CapitalLongstone Fund
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Towry Law acquires Hazlems Financial
7 Jan 2008
Towry Law has acquired London-based Hazlems Financial Limited.
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What does 2008 hold for the mortgage market?
4 Jan 2008
The new year kicked off with soothsayers painting a somewhat depressing picture for 2008. Bank of England figures released on Friday show the mortgage market’s hangover from 2007 is refusing to subside. New mortgage approvals fell again with just 83,000 approvals in November - the lowest monthly figure since 2005.
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Widespread data protection problems within Government, say MPs
3 Jan 2008
The Government’s data protection systems contain widespread problems and are not operated adequately, according to a report released by the justice select committee.
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You get what you pay for
4 Jan 2008
As Zurich launches its new online underwriting system we see yet more evidence that times really are a-changing when it comes to IFAs and the way in which they conduct their business, technologically speaking.
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Zurich launches instant underwriting system
3 Jan 2008
Zurich is launching a new online tool which promises to cut the time it takes to obtain an underwriting decision to about 15 minutes.
