Northern Rock chief executive Gary Hoffman has told Treasury select committee MPs it could take up to 20 years to clear Northern Rock Asset Management’s mortgage book and repay Government loans.
Keydata’s administrator PriceWaterhouseCoopers has revealed that properties invested in by special purpose vehicle Hometrak SA are now in negative equity and it is unlikely the investment will be returned.
Keeper of the public records to replace Merricks
IM Asset Management is gearing up to relaunch its product range as it seeks external investors beyond the group’s core client base of personal injury claimants. IM is a wholly owned subsidiary of Irwin Mitchell, the UK’s fourth-biggest law firm with a major presence in cities including Sheffield, Leeds and Manchester. The firm focuses on […]
Chris Gilchrist Robert Shiller, one of the world’s most influential economists, used an op-ed column in the FT last year to argue for more financial innovation. He claimed it wasn’t innovation (as in slice-and-dice mortgage-backed securities, etc, aka toxic assets) that caused the sub-prime crisis and the credit crunch, but lack of it. Shiller said […]
Mike Riddell, fixed income portfolio manager at Allianz Global Investors, reviews the performance of the UK government bonds market post-Brexit and assesses its future prospects, as well as giving his outlook for global fixed income markets and yields movements. In addition, he provides a brief analysis of the impact of Brexit and the Bank of […]
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Sipp firm Carey Pensions has claimed it never supplied marketing material to unregulated introducers to promote its products, as its High Court case rumbles on this week. Carey Pensions chief executive Christine Hallett gave evidence in the third day of the case yesterday, in which lorry driver Russell Adams alleges Carey Pensions missold him a Sipp. Prosecution […]
The FCA has announced two new co-directors for its financial advice and life insurance supervision. FCA director of competition Deb Jones and Nest Corporation executive director Debbie Gupta will be taking on the co-directorship in May. Prior to her position at the FCA, Jones was a director at the Office of Fair Trading for eight […]
A decade ago, I went through the pain of switching utility providers. Deterred by a catalogue of errors, it is only recently, after a house move, that I tried again. I was pleasantly surprised by how easy it was. It has made me think about how complex and expensive it is to switch in financial […]