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Building society lending up in September

Gross advances made by building societies in the month amounted to £2.3bn, increasing from £1.9bn in September, according to the latest Building Societies Association figures.

Net advances also grew, up 55 per cent in October to £487m from £315m the previous month.

Building societies attracted £425m more in new savings last month, up to just over £1bn from £656m in September.


DBS makes Assureweb compulsory

All DBS members will have to sign up to Assureweb from April as part of the network&#39s minimum technology requirements, plans first revealed by Money Marketing in August 2000. DBS will also risk-rate firms from N2 for training and competence. All communication between members and the network will be by email. The 3,000 DBS members […]

Pauline Stoffberg

“In the event of complete depolarisation, we would like you to know that we have the market-leading multi-tie proposition. Talk to us first.” If you have not heard these words, or similar, you are probably not an active IFA and the wisdom or, indeed, sustainability of independence has not been taxing you since the issue […]

My Multifundshop available on Synaptic website

Synaptic Systems is incorporating Skandia&#39s My Multifundshop into its IFA website building service.IFAs with existing Synaptic websites can get My Multifundshop integrated free of charge. IFAs can adapt the fund supermarket to offer recommended portfolios and fund lists.Skandia IT director Tim Mann says: “We strongly believe that all IFAs should have the opportunity to create […]

Weighty matters ahead

Over the past seven weeks, this series of articles has detailed the various aspects that will constitute the single regulatory regime following N2. We have looked at the statutory responsibilities of the FSA, what it has accomplished to date and what is on the agenda in the months following December 1. We have also examined […]

Bonds going bust? Not so fast….

In recent months bond bears have been reinvigorated, and market commentary suggesting “the end of the bond (bull) market is near” has become commonplace. We think these comments are premature. Explaining the global government bond sell-off October has seen renewed pressure on global government bonds, initially provoked by a Bloomberg article suggesting that the ECB […]


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