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BTL business still rising

Buy-to-let lending totalled £24.1bn in the second half of 2007, up from £21.2bn in the first half and £20.8bn in the second half of 2006, says the Council of Mortgage Lenders.

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‘Advisers leave innovation dead in water’

Advisers are to blame for the lack of financial product innovation by failing to support new product types, says Rosenblatt Solicitors.Head of financial services division Nigel Frudd says advisers often refuse to recommend new products for fear of being reprimanded, causing a rash of me-too-type products launched by providers.Frudd says: “Because of previous misselling of […]

Midas chief hints at fund mergers

Midas chief executive Simon Edwards says the company is likely to merge one or two of its funds following its proposed deal with Iimia MitonOptimal.Edwards, who will become managing director of the merged business, does not disclose which funds would be realigned but says the move would not result in any fund manager redundancies.Iimia MitonOptimal […]

Algorithm adviser is jailed for four years

A self-employed financial adv-iser has been jailed for four years at Glasgow High Court.Raymond Coia, 42, was appearing for sentencing on charges of breaching the Finan-cial Services Act.During the long-running trial, charges against him alleging that he had defrauded over 300 investors out of more than 13m, that he had undertaken unauthorised investment business and […]

Dividend slump? Not if you look globally

By George Boyd-Bowman, Manager of the Neptune Global Income Fund Recent research has indicated that global dividend growth will slump by as much as 50 per cent in 2016. As collapsing commodities hit high-profile dividend payers, George Boyd-Bowman explains why the US and Japan are his top picks for income growth in 2016. Click here […]

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