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BSA says societies are attracting funds due to stock market turmoil

Net-lending from building societies fell 10.5 per cent to £1.88bn in October from £2.1bn in September, according to the latest figures.

The Building Societies Association&#39s monthly survey shows more people were putting savings in societies rather than equities to escape the recent stockmarket turmoil.

The Building Societies Association says building societies attracted savings of £1.1bn in October, up from £871m in September.

BSA director-general Adrian Coles says: &#34The housing market is enjoying a period of relative stability with building society lending figures in October very similar to those in September.&#34


Government criticised on level of state pension

The Government has been criticised for intending to increase the basic state pension in line with high street prices instead of earnings.A group of academics, politicians and religious leaders, including Baroness Barbara Castle, has called for state pensions to be increased to at least £75 a week compared with the £66.75 currently proposed.It claims the […]

Aon says healthcare insurance inflation running at six per cent

Private Medical Insurance inflation is running at six per cent according to the latest survey by Aon Consulting.The healthcare intermediary surveyed 875 companies covering 315,000 insured members.It found that most common single premium rate ranges between £251 and £300 a year. The survey shows that the market is dominated by two companies PPP Healthcare and […]


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