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&#3916-24 year-olds too relaxed about debt&#39

The Mortgage Lender is warning that 16-24-year-olds have a worryingly relaxed outlook on debt and think nothing of running up debts, with an average of £3,130. TML&#39s research of 2,000 people last month shows that this figure is well over the amount that people over 55 think is an acceptable amount of debt, with an average of £1,712.

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Invensys, the blue-chip engineering group which is expected to fall out of the FTSE 100 this week, has become the first employer to lock final-salary members into its underfunded pension scheme.It is using Opra&#39s decision to allow schemes to defer transfers until new rules come in that will allow lower valuations, as reported in Money […]

Brown urged to rethink equity Isa tax

Isis Asset Management has written to Chancellor Gordon Brown urging him to reconsider Treasury plans to scrap the tax break on equity Isa dividends in April 2004. The letter, written by head of communications & strategy director Jason Hollands, says abolishing the break will send a negative signal to small investors and could undermine public […]

Portman and Sun Bank merge teams

Portman Building Society and specialist lending subsidiary Sun Bank are combining their intermediary sales teams although Sun Bank will remain a separate operation with its own staff, branding and product range. The new team of 12 will be headed by associate director (group intermediary sales) Paul Howard.

Property funds come top as WP alternative

Many IFAs will be advising their clients to invest in property funds after being scared off selling with-profits funds by the current negative publicity surrounding the products.The poll reveals that 153 advisers said they did not think that the next generation of with-profits products would be an improvement on the current model and when asked […]

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