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Briault issues TCF warning for firms

FSA retail markets managing director Clive Briault told an FSA conference this week that identifying firms making slow progress with TCF by March and “bringing them to the stage” will be central to its supervisory work.

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Base rate rise could cost borrowers almost £300m

Egg warns that today’s 0.25% increase in the Bank of England’s base rate could cost borrowers £292m.It says the eight million people with standard variable rate mortgages could collectively be paying substantially more a month more on their mortgages, or on average around £35.92 each.However, Egg says that many people could actually reduce their mortgage […]

The bear essentials

Ihave focused on one of the Miton Optimal funds – the strategic fund – already. It has had a hard time this year due to a big cash bias and its limited ability to buy into alternative asset classes. Miton therefore proposes to launch the Arcturus fund, which will be a non-Ucits retail scheme taking […]

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