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A&L speeds up online loan service

Alliance & Leicester is launching an online mortgage application service for users of Legal & General&#39s mortgage decisions system. The aim is to provide a decision in principle on applications within 60 seconds and a 24-hour application tracking service.

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Deutsche trust set for corporate bond switch

Deutsche Asset Manage-ment is to convert its high-income trust into a corporate bond fund after failed attempts to bolster its flagging performance.The firm says its decision to convert the fund comes as a result of inc-reased volatility in UK equity markets over the past three years, which it says has made it increasingly difficult to […]

Don&#39t aim wide of the mark

Over the last few weeks, we have been looking at certain key aspects of trusts as commonly used with financial services products. So far, we have discussed the importance and, in some cases, the lack of importance of the roles of settlor and trustee, noting the powers and duties of each along with importance considerations […]

Fund managers spurn Europe in switch to US

Fund managers are turning their backs on Europe in favour of US markets, according to new research from Lipper.Fifty-eight per cent of funds in the global growth sector increased their exposure to the US during May while 56 per cent of funds in the same sector reduced their exposure to Europe over the same period.Gartmore […]

Ilag appoints new chairman

The Insurance & Life Assurance Group has appointed Bill Tonks as its chairman for 2001-2002. Tonks has spent the last 10 years working as a compliance officer for first Eagle Star and then Nationwide Building Society. He currently works for Nationwide as divisional director, risk management. Tonks will replace Phil Smallwood, who will continue to […]

What can drive the India story forward?

By Kunal Desai, head of Indian equities, Neptune Since the election of Narendra Modi as prime minister in May 2014, Indian equities have gone on to outperform both developed and emerging markets. A busy period of governmental and economic reforms, a lower oil price and falling political risk have been the primary drivers over this […]

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