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Bank base rate remains unchanged

The Bank of England’s Monetary Policy Committee has decided to leave the base rate unchanged at 3.5 per cent. This was largely expected by the market given a recent pick up in economic activity. Last month the MPC cut rates by 0.25 per cent.

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Life offices have power to end cap

Why is Nick Bamford wasting his time calling on Howard Davies to use his final months as chief executive of the FSA to push the Treasury to drop the price capping and filtered questions from the Sandler proposals? We already know that:1: Howard Davies does not think either is a good idea(he has already said […]

Albert Goodwin takes art

Albert Goodwin is an enterprise investment scheme (EIS) aiming to raise up to £4.95m to finance a London-based art dealing business. The business will be run on the back of an existing business, the Chris Beetles gallery. Chris Beetles has been trading for 22 years and deals in art from affordable illustrations and cartoons to […]

NU&#39s Withers turns focus on 5% cap for suite

Norwich Union Life chief executive Gary Withers is reinforcing the firm&#39s stance on the proposed new Sandler investment range, suggesting that a 5 per cent initial charge cap, as currently used in Ireland, will get a lot of focus.Speaking to Money Marketing following the release of parent company Aviva&#39s interim results, Withers reiterated that NU […]

CII believes chartered status could boost IFAs

The CII is considering applying for chartered status for Sofa in the belief that it would create a professional image for financial advisers.But the move has been criticised as confusing and unnecessary by rival body the Institute of Financial Planning, which says chartered status would not add value to the profession.The CII says if the […]

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