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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.


£6bn wasted by mortgage customers says Goodfellows

Homeowners are being overcharged by £6bn on their mortgage payment protection insurance according to research from provider Goodfellows.It says the money could be saved by the UK&#39s 2m mortgage borrowers by switching their MPPI coverage from a traditional lender to an independent provider.The average monthly premiums from 10 of the largest high street lenders is […]

Why Govt&#39s strategy gives me the hump

This Easter, I found myself in Bahrain. The family were there for the fortnight but poor old dad was restricted to flying out late on Thursday and back overnight Monday.While there, my daughter and son insisted I rode a camel or my trip would be incomplete. After my children and their cousins survived the trip […]

AITC revises accounting standards

The AITC is issuing a revised statement of best practice in a bid to harmonise accounting techniques within the industry.It is updating its guidelines – published in 1995 – after identifying several areas of financial reporting which it says require modernisation to reflect developments in the investment trust industry.It is seeking responses and suggestions from […]

The national wealth service

Having money in the bank comes before “keeping up with the Joneses”, according to a survey by Marks & Spencer Financial Services.Of the 2,000 people surveyed, 44 per cent said having more cash or money to invest would make them feel well off. Only 6 per cent felt that not being overdrawn was an indicator […]


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