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All party group mutual inquiry

The Parliamentary All-Party Group for Building Societies and Financial Mutuals is conducting an Inquiry into the extent to which mutual business contribute to the economy and society.


Fidelity gets 60,000 clients in Egg deal

Fidelity has bought Egg Invest in a deal that will see 60,000 customers transferred to FundsNetwork. The fund supermarket arm of Egg will mean that FundsNetwork will take on an extra £170m in assets under management when the deal is completed in the first quarter of 2005. FundsNetwork has recorded sales of more than £3bn […]

Tom Baigrie on protection

Some industry commentators have been saying recently that simplified advice and generic information will not work. Or to put it another way, if you do not thoroughly know what you are talking about then you are a liability and should shut up. The commentators are talking about government initiatives to lower the bar of knowledge […]

Chilton warns on outsourcing

Contracting out regulated activities such as compliance services will cause unnecessary confusion for brokers after M-day, warns Purely Mortgages chief executive Mark Chilton. He says brokers which farm out compliance will be sending mixed messages to consumers. Under the new regulatory regime, brokers will have to disclose which company they are an authorised representative for. […]

Liontrust seeks safety in gilts

The Liontrust distribution fund will favour gilts over corporate bonds to avoid default risk. The portfolio, set to launch in early December, is targeting a 65/35 per cent asset split in favour of gilts, with the balance invested in a mirror portfolio of the Jeremy Lang-managed Liontrust first income fund. Liontrust believes the lower risk […]


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