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A&L is aiming to ensure it&#39s business as usual

With regard to the article published in Money Marketing last week, headlined A&L will cut principal numbers after M-Day, I feel it misrepresented Alliance & Leicester and our work with intermediaries.

We are working extremely hard as we approach M-Day to ensure that it will be business as usual for Alliance & Leicester but there are a number of networks still yet to receive their approval from the FSA and this has meant that there may be a delay in some instances before we can work with some networks.

In our ongoing comm-unications with the inter-mediary market, we always aim to be open and transparent and to this end forewarned some networks that regretfully it may not be possible to continue trading with them immediately post-M-Day but we are keen to continue comm-unications with them from January 2005.

We are a responsible lender and part of this means ensuring that every broker we deal with is fully validated and that we have compliant legal agreements in place with every network.

Mehrdad Yousefi,

Head of intermediary mortgages,

Alliance & Leicester Leicester


Mortgage Trust – Fixed Rate Buy-to-Let

Type: Fixed-rate buy-to-let mortgage Fixed term: Until December 31, 2005 Fixed rate: 5.95% Minimum loan: £30,000 Maximum loan: Full status &#45 Up to 85% of valuation subject to a maximum of £250,000, up to 80% of valuation subject to a maximum of £500,000, up to 75% of valuation subject to a maximum of £1m, up […]

Fidelity opens doors to IFAs

Fidelity will cost an investment forum for professional advisers and IFAs on Friday.The asset management firm will give intermediaries the chance to meet fund managers from the UK and hold a video conference with others from across the globe.The theme of the forum, which is being held at The Brewery on Chiswell Street, is “Why […]

Millfield sells Lifetime stake

Millfield has sold 20 per cent of its stake in Lifetime despite earlier pledges from chief executive Paul Tebbutt that it would “not consider selling a chunk” of the operation. The IFA group, which is repaying loans of £15m from product providers for its merger with Inter-Alliance, has received £824,400 from Norwich Union for 20.1 […]

Prudential – PruHealth

Type: Individual and group private medical insurance Minimum-maximum ages: 18-70 Minimum group size: TwoMinimum premium: No minimum Maximum benefits: No overall maximum but limits will apply to some benefits Cover provided: Comprehensive plan &#45 unlimited inpatient benefits except psychiatric treatment up to 45 days a year, outpatient benefit &#45 unlimited benefits except chiropractic/osteopathy up to […]

China tech and Global Alpha: a new great leap forward

By Robin Geffen, Fund Manager and CEO

Internet giant Alibaba is exactly the type of entrepreneurial company that the high-conviction, top-performing Neptune Global Alpha Fund seeks to invest in. Established just 14 years ago in an apartment in Hangzhou, today Alibaba is larger than Amazon and eBay put together and is challenging some of the most powerful internet companies in the world…

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The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.


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