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£20m mortgage book for West Bromwich

West Bromwich Building Society has bought a £20m residential mortgage book from First Mortgage Group, bringing its group assets to over £2bn. The portfolio was acquired by subsidiary West Bromwich Mortgage Company. The move follows a £90m purchase of the Century Life mortgage book last November.

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Business rises by 50% at Clinicare

Private medical insurer Clinicare saw the number of people covered by its schemes rise by 50 per cent last year compared with what it claims is an average industry growth of 5 per cent. General manager Les Curson says Clinicare has increased the number of people it insures by about 50 per cent in each […]

By Darren Behar and James Moore

Life offices have delivered a stinging attack against the PIA&#39s calculations for persistency rates, claiming they distort the true picture by up to 10 per cent. The attack comes just two weeks after the PIA threatened to clamp down on life offices and advisers with poor persistency records. The PIA&#39s latest figures for regular-premium pension […]

Edinburgh merges growth funds

Edinburgh Fund Managers is merging its UK income & growth fund with its growth & income fund. The £65m fund will be called the Edinburgh UK growth fund.

M & G Peps smooth transition to ISAs

M&G is creating a range of Peps it claims will pave the way for the switch to Individual Savings Accounts next year. The new Fundamentals range incorporates three existing M&G Pep funds – the corporate-bond Pep fund, the blue-chip Pep fund and the managed income Pep fund. M&G will also be launching an index-tracker Pep […]

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