Charcol appears to be on the verge of becoming a force separate from Bradford& Bingley once again, with some of the founders reunited with the current team. Money Marketing understands that a deal is now going through its final stages. For consumers and lenders who believe in a strong, efficient mortgage market, this is very good news.Charcol may be set free from what increasingly has been an unhappy liaison with Bradford & Bingley. Now the broker can hopefully put this period behind it, raise its game and increase the competit-iveness of the sector to the benefit all potential borrowers.
Gartmore is launching five new funds to increase its Luxembourg based Sicav range.
One of the key reasons given for the reform of polarisation is the need to give consumers a wider and fairer choice of financial products. The wisdom or otherwise of this thinking has already occupied many column inches so all I will add is that such changes might never have been put forward if our […]
Baring Asset ManagementBaring Directional Fund (Euro)Type: Unit trustAim: Growth by investing long and short in Government bonds and money market instrumentsMinimum investment: Lump sum euros 3,500Investment split: 100% in bonds and money market instrumentsPlace of registration: DublinCharges: Charges: Initial 5%, annual 1.75%Commission: Initial 3%, renewal subject to negotiation Tel: 020 7214 1900
I recently had a rather strange experience while reading a document from the FSA.
By James Dowey, chief economist & CIO at Neptune WHATEVER HAPPENED TO THE GOOD OLD DAYS OF CHUGGING ALONG AT 3 PER CENT A YEAR? That was the average rate of real economic growth in the advanced world from the end of the Second World War until the late 2000s. Despite all of the recessions and social changes […]
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A long‑term strategy for the asset management industry will be published by the Government, it was announced in today’s Budget. The Investment Management Strategy 2 will ensure the industry “continues to thrive and deliver the best possible outcomes for investors and the UK economy,” the Autumn Budget policy paper says. The Government will work closely […]
The state of the UK economy with Brexit looming In 2017, growth is expected to come in at 1.5 per cent, falling to 1.4 per cent in 2018 Through 2019 and 2020, growth is set to fall again to 1.3 per cent, before picking up to 1.5 per cent in 2021 and then to 1.6 […]
Chancellor Philip Hammond has scrapped stamp duty for first-time buyers on properties worth up to £300,000. Speculation was rife in the media in the run up to the announcement that the tax would be scrapped altogether for FTBs to make home ownership more affordable for young people in the UK. The Chancellor has said that […]