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Abbey National welcomes DTI mortgage initiatives

Abbey National has welcomed the Chancellor&#39s announcement of a DTI package to make mortgages and credit more transparent to consumers.


The lender says it mirrors its own commitment to make financial services more transparent.


It has also welcomed the announcement that the Financial Services Authority will be publishing league tables for savings, pensions and investments, although it is concerned that they need to reflect more than price.


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Birmingham Midshires set to announce size of windfall payments

Birmingham Midshires Building Society says its one million members will know the size of their windfall payments by March 17.The society will become part of Halifax on April 19. It will then be free to distribute a £750m windfall to its members. Members who claim quickly should receive payment by April 29.

Jon King appointed manager of Hinton & Wild

Jon King has been appointed manager of Hinton & Wild, the Surrey-based IFA.The firm, which is based in Tolworth near Surbiton, is part of the Gloucester-based equity release specialist Ecclesiastical Insurance Group.King joined EIG in 1994 as National Broker Consultant for the financial services division.

National Savings takes £10bn in ten months

Sales of National Savings products in January 1999 totalled £869m bringing the total for ten months to £10bn.Total liabilities are now £64.2bn an increase of £899m from the start of the financial year.

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&#39Double jeopardy&#39 warning on Esops

IFAs are warning that the Chancellor’ proposed new all-employee share ownership scheme could jeopardise investors and compete head-to-head with AVCs. Industry experts fear that people who take up the schemes to enhance their pension provision could face the risk of double ruin if their companies run into trouble. The scheme is set to allow employees […]

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