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BSA urges consumers not to pay to trace dormant accounts

Building Societies Association urges consumers not to pay to trace dormant accounts. The BSA wants people who have forgotten money in a building society to track their money for free rather than use schemes that charge.

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Regulation &#39most sensible way forward&#39 says ABI

The ABI has welcomed the Treasury&#39s decision to regulate home reversion schemes, calling it the &#39most sensible way forward&#39. The trade body, like many industry groups, has lobbied the Treasury extensively to change its mind and introduce legislation to regulate home reversion. Until now, the Treasury has resisted, saying there has been no evidence of […]

Focus to offer online mortgages for Kensington

Technology provider Focus Solutions has signed a deal with Kensington Mortgages to provide online mortgage applications. Focus will provide sub-prime lender Kensington with an online mortgage application system to enable brokers and intermediaries to transact electronic new mortgage business directly with Kensington via the Internet.

Wealth Management buys Fairs

Software provider Wealth Management Software has announced it is acquiring rival provider Fairs for £2m, half to be paid upfront with the rest coming upon completion of the deal. Fairs has a long-standing presence in the IFA software market, having at one time being amongst the leading players, although it has failed to keep up […]

Close Fund Management – The Close Man Hedge Fund

Type: Capital-protected fund of hedge funds Aim: Growth linked to the performance of a portfolio of hedge funds Minimum-maximum investment: Lump sum £10,000 Investment split: 100% in hedge funds Term: Eight years and six months Return: 13%-15% growth a year Guarantee: Original capital returned in full regardless of performance of under- lying investments Place of […]

Don’t play chicken with the Bank of Japan

By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]

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