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Sesame ‘faces up to legacy issues’ as it posts £19m loss

Sesame Bankhall Group chairman John Cowan says the business is “facing up to legacy issues” after it revealed a pre-tax loss of £19m for 2013. The company was forced into a loss from the £4.3m pre-tax profit it made in 2012. The loss follows a past business review after the advice firm was fined £6m […]

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Barclays mortgage boss David Finlay quits

Barclays managing director for intermediaries David Finlay has resigned from his position at the bank. Finlay has been with Barclays for almost 15 years, joining as national intermediary accounts manager in 1999. He became managing director of intermediaries in April 2012. Up until his departure, Finlay had responsibility for all mortgage distribution channels for Barclays, […]

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Michael Whitfield: Time to take politics out of the charge cap debate

The battle lines have been drawn up between the DWP and the Treasury over the proposed pension charge cap. The debate has become a large political football with all parties kicking it hard to achieve their own ends. Is there an election coming or something?  Against this background of outrageous obfuscation, the remnants of the […]

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Budget 2014: New NS&I bonds launched for retirees

From January 2015 National Savings and Investments will launch new one and three year bonds available to retirees. Available to those over 65, NS&I will issue up to £10bn through a one year bond expected to pay 2.8 per cent and a three year bond paying 4 per cent with an investment limit of £10,000 […]

A tough start for 2017 consensus trades

By Kacper Brzezniak Every year, starting around November, investment banks (and fund managers) begin to drip out their outlooks for currencies, rates, economies, you name it, for the following year. The consensus has been largely wrong for the past four or five years; those multiple rate hikes never came, the bond market is still alive […]

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