Personal bankruptcies have hit record levels, according to Department of Trade and Industry figures, In the three months to June, 15,394 individuals declared bankruptcy, an increase of 12 per cent on the previous three months and up by 37 per cent on the same period last year.
Last week’s interest rate cut has warmed the BTL market but there will be few new landlords entering the market according to Mortgage trust research.In its August 2005 analysis, 43.4 per cent of intermediaries believe BTL business levels will increased slightly while 34 per cent think it will remain at the same level. BTL intermediaries […]
July’s surge in equity markets and bond yields saw a fifth wiped off the pension deficits of FTSE 100 companies. This is the biggest reduct- ion in a single month since October 2003. It resulted in 12bn being cut from blue-chip pension deficits, leaving a 55bn funding gap. However, the aggregate fall in FTSE 100 […]
Bradford & Bingley will no longer deal with third parties representing customer endowment complaints.The bank says its customers may be unaware of the free complaints service already available to them through the Financial Ombudsman Service.It will however deal with people representing customers with special circumstances or those customers insistent on using third parties.From August 1, […]
Accelerator Growth Plan 3
As the title of this paper suggests, credit migration is probably worse than you think, but then not as bad as you fear. So how concerned should investors be about this phenomenon? Where should their focus lie? Natixis’ affiliate, Loomis Sayles & Company’s Director of Credit Research and Credit Strategist, Chris Gootkind, addresses this and […]
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