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Chase de Vere plans expansion

Chase de Vere Investments is expanding its operation by recruiting for its Bath, London and Leeds offices as well as opening new offices in the Midlands in the autumn.

Chase de Vere is also expanding its telephone sales staff operation.

Chase de Vere head of adviser development Joseph Maguire says: “My key responsibility will be to ensure that the quality and effectiveness of our advisers is of the highest standard.”


Close lobbies for Sipp property investment

Close Brothers is working with the British Property Federation to lobby the Government on allowing residential property investment in self-invested personal pensions and small self-administered schemes. It says residential property is a safe and appropriate investments for pension funds to own and the ban on residential property for Sipps and Ssases should be lifted.

New chairman and chief exec for BAM

Baring Asset Management has appointed David Brennan as chairman and chief executive.Brennan is chief executive of BAM&#39s investment management group and his position will be taken by Peter Wolton who was head of retail at Schroders until 2001.Wolton increased Schroders&#39 Tokyo-based asset management business to become the biggest foreign-owned adviser for pension funds in Japan.Present […]

Scarborough Building Society – flexible three-year discount

Scarborough Building Society flexible three-year discount Discounted term: Three yearsDiscount:1.1% Payable rate: 4.89%Minimum loan: £25,000Maximum loan: £250,000Income multiples: 3 x principal, 2.5 x joint Arrangement fee: NoneRedemption fee: 3.3% of sum repaid payable within first three yearsConditions: Up to 95% LTV, no MIG up to 90% LTV, 3.3% charge made on any capital repayment that […]

This is the chance for life offices to fight 1% regime

Returning to the UK at the end of March after a holiday,I notice that there has been much comment and discussion concerning Norwich Union and its decision to reduce commission on certain products.NU has often been arrogant in this respect, paying less commission on selected products than competitors.However, in this case, rather than bemoan the […]


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