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40,000 jobs to go in DWP

40,000 jobs will go from the Department for Work and Pensions, the Chancellor has announced today in this year&#39s budget.

Gordon Brown has told Parliament he will cut DWP down to 100,000employees by 2008. Brown said he has also decided to cut 14,000 employees from the Inland Revenue and Customs & Excise.

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FSA appoints new managing directors

The FSA has appointed three new managing directors to fill the gap in its senior management team. The regulator has made two internal promotions and hired one managing director from the industry. Clive Briault, the FSA&#39s present director of prudential standards, has been promoted to managing director, retail markets. Briault will have the responsibility for […]

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Income protection, or permanent health insurance as it used to be known, has been around since late Victorian times. But over the last few years it has seen a number of radical changes as it continues to meet a real client need – preserving the standard of living of individuals and their families through times […]

Universities&#39 scheme switches managers

The Universities Superannuation Scheme, the UK&#39s third-biggest private-sector pension fund, has dropped three external fund managers. Schroders, Baillie Gifford and Merrill Lynch Investment Managers have been replaced by Wellington Management International, Goldman Sachs Asset Management and Legal & General Investment Management. The scheme has £19bn in assets for more than 200,000 individuals in 350 universities […]

Pink Home Loans – Crystal Light Adverse Buy-to-Let

Type: Discounted rate adverse credit buy-to-let mortgage Discounted term: Until August 31, 2005 Discount: 2% Payable rate:House purchase 5.35%, remortgages 5.6% Minimum loan: £25,001 Maximum loan: Up to 80% of valuation subject to a maximum of £500,000 Income multiples: Rental income must be at least 130% of mortgage repayments Conditions: CCJs up to £3,000 allowed, […]

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