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Best buy tables &#39open to manipulation&#39 says Daily Mail

The Daily Mail may revise its best buy tables according to its personal finance editor Jeff Prestridge.

Speaking at a debate at the Building Society Conference in Harrogate today Prestridge admitted tables in general could be open to manipulation by lenders.

He invited building societies to suggest ways in which such tables might be revised to better reflect rates over the life of the product rather than just in the short term.


Abbey buys Fleming Premier Banking

Abbey National&#39s banking subsidiary Cater Allen has bought Fleming Premier Banking from J P Morgan Chase & Co in a £106m deal. Abbey says the acquisition will increase its market share in the mass affluent banking sector – catering for those with incomes between £30,000 and £100,000 – to 16 per cent from 3 per […]


What&#39s wrong with independent financial advice? Nothing with theprinciple, of course, but we never seem to be far away from the next whineabout persecution or the rising costs of being in business. Should wereally be surprised? After all, is the sector not suffering from somefairly fundamental structural flaws? An ageing demographic, coupled with a pitiful […]

L&G loan club axes flexible tracker fee

Legal & General&#39s mortgage club is offering a flexible self-certificationtracker mortgage which saves applicants £325 by waiving the standardapplication fee. The loan offers a range of flexible features, including overpayments,underpayments and payment holidays and no red-emption charges at any time. The interest rate tracks the base rate plus 0.98 per cent for the lifetimeof the […]

Rs are to reason why

IFAs should not get trapped in the negative doom and gloom spiral aboutdeclining pension revenue as a result of the introduction of stakeholder. On the contrary, the welter of changes in pension legislation offeradvisers a myriad of hooks to get in front of businesses and writelucrative pension contracts and explore other opportunities for financialproducts in […]

Finding security in bond markets

Martin Foden, head of credit research at Royal London Asset Management, explores the role of secured bonds, considering the impact of default and the characteristics of secured bonds versus supranationals and highlighting some examples. He also examines the evolution of the credit market and rating agency inefficiencies. Read the article in full: The value of […]


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