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Brokers expect sub-prime to grow

Four in five brokers believe the sub-prime market will grow in the next two years, with 19 per cent thinking it could increase by more than 20 per cent, says Alliance & Leicester.

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A no sale, no fee home information pack has been set up to try to prevent a slowdown of the housing market.

‘IFA professionalism can silence critics’

IFAs must focus on improving their professional standards and leave fighting injustices to Aifa, says Sesame chief executive Patrick Gale. Gale says professionalism is key to the future success of independent financial advice and the best means of rebuffing condemnation from the consumer press and Government policymakers that focus on the cost of advice rather […]

FSA feared a rise in Millfield cash deficit

Millfield Partnership Limited’s capital adequacy deficit would have risen to 7m by February 2007 if the FSA had not pulled the plug on the firm. The regulator, in its final notice to MPL, said the firm failed to provide a viable proposal to rectify its 4.5m deficit and it was therefore forced to remove the […]

Pole star

Collegiate’s Mark Bates is set to take part in the 2007 Polar Challenge to the magnetic North Pole. The race takes place in April 2007, when Mark and the other competitors will ski 320 miles to the pole pulling their own supplies and handling temperatures between -25 and -45 degrees. Mark aims to raise 10,000 […]

Europe: Volatile share prices create opportunities for long-term investors

Mark Page and Laurent Millet, managers of the Artemis European Opportunities Fund, look at why, how and where fluctuations in European markets can generate opportunities for their fund. When asked what the stock market would do next, John Pierpont Morgan is reported to have replied that “it will fluctuate”. His (apocryphal) answer proved accurate. Over […]

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