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£535M slashed at DWP

The coalition Government has set out plans to cut £535m from the Department for Work and Pensions, £670m from the Department for Education, £325m from the Ministry of Justice, £836m from the Department for Business, Innovation and Skills and £451m from the Chancellor’s departments. It will also cut £95m from IT budgets and £1.7bn from contract costs.



Problems with protection processing

As the RDR remuneration debate rumbles on, the protection industry has let out a sigh of relief, safe in the knowledge that commission is here to stay, for the time being anyway.

MM leader: Welcome entrants

With the FTSE 100 nosediving in recent weeks and continued concern about the future of the eurozone, good news is currently thin on the ground. So against this backdrop, the entrance this week of two new intermediary-only mortgage lenders is to be welcomed. Aldermore is offering residential and buy-to-let mortgages with loans based on retail […]

India budget: BJP focuses on growth

By Kunal Desai, Head of Indian Equities

With markets kept open on Saturday, finance minister Arun Jaitley delivered a promising budget focused on growth and decentralisation. While many complained about a six-day working week, there was much to be pleased about and the markets rallied in the afternoon to finish in the green.


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