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8.5Bn Sipp cash to go into property

Sipp investors will pump 8.5bn into the residential property market from next April, boosting demand in the housing market by almost 5 per cent. Research by Hargreaves Lansdown indicates that a further 1.5bn will be used to buy overseas property.

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F&C recruits Mann to emerging debt desk

F&C Asset Management has recruited Jonathan Mann as director, emerging debt.Mann joins from Standard Asset Management, which is a division of Standard Bank.He will report to Helene Williamson who is head of emerging debt.Mann has worked for CRU International and GT Asset Management (now Invesco Perpetual), joining Standard Asset Management in 2004 where he has […]

Broker refused licence by OFT

A Tamworth mortgage and general insurance broker has been refused a consumer credit licence by the Office of Fair Trading. Tamworth-based Peter Collinson had been struck off the Roll of Solicitors by the Solicitors Disciplinary Tribunal for misappropriation of clients’ funds and other related offences according to the OFT’s adjudicator.

‘Promotion rules making firms hold back advertising’

Mortgage firms are holding back from advertising because of concerns about new financial promotion rules, according to Mortgages plc. The lender is concerned that calculating requisite details such as representative APR may be out of reach of the expertise of some smaller firms and sole traders. In research undertaken by the all-status lender, 24 per […]

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