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Alliance & Leicester says first time buyers driving housing market

Almost three in ten people, 29 per cent, plan to buy a home within the next two years, while older people are putting off plans to move, say Alliance & Leicester.

Its quarterly movingimproving index of 4000 people in March and April asked whether people intended to buy a new home and when.

It found only 8 per cent of Britons in their 50s plan to move over the next couple of years and this figure dropped to 2 per cent for those in their 60s.


Shaky grasp of reality

According to Jeremy Newbegin (Money Marketing, April 11), “an IFA can still continue to offer financial advice to the poor – they just do not charge these clients as much, off-setting commission against the smaller fee”.Not if CP121 is implemented in its current form they don&#39t.If Mr Newbegin worked in an area of real social […]

Extra special

These are interesting times for IFAs everywhere.The conclusion of the consultation period for CP121 is less than a month away. It is likely that, within a year, many IFAs will have migrated to RI status within distributor firms.In the last three months, we have read a lot in Money Marketing about what this could mean […]

It&#39s a New World for West Brom

The phrase “New World” may not immediately spring to mind on the mention of West Bromwich Building Society but it is on a drive to drop its image of a traditional, regional lender.Last month, the mutual made the surprise move of buying the Commonwealth Bank of Australia&#39s New World UK residential mortgage portfolio of flexible […]

Lawless replaces Scott as Sofa MD

Sofa is appointing retiring Axa Sun Life senior tax consultant Brian Lawless as managing director, replacing Dr Sandy Scott, who will continue in his role as director general of the CII.Lawless, who has been on the board of Sofa for four years, will aim to improve Sofa&#39s communication strategy and raise the body&#39s profile.He will […]

The changing world of professional connections

The Legal Services Act of 2007, which opened up the legal market to competition, has put the cat among the professional pigeons. In the words of a 2015 Law Society report on what the legal profession is likely to look like in five years’ time: “Business as usual is not an option for many, if […]


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