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CML calls for better policy making on social housing

The Council of Mortgage Lenders is calling on the Government to open up the debate on the funding of social housing. The CML has launched a new briefing paper on funding options pointing out that private finance from lenders for social housing of £27 billion to date has been an effective way of stretching limited public money. It now wants lenders to have more say in policy making.


FSA will soon be losing its powers to Europe

Although much discussion continues about the activities of the FSA, itappears that some people are still slow to understand how financialservices will be regulated in the near future.When the UK signed the Maastricht agreement which codified many details ofthe single European market, it also passed many powers of government to theEU authorities.Importantly, it allowed for […]

IFAs&#39 compensation levy looks set to be £800,000

The IFA sector can expect to pay a levy of about £800,000 towardsFinancial Services Compensation Scheme costs in the 2003/2004 financialyear, equating to roughly the same amount paid last year.The FSCS will have a budget of £12.4m to cover its fixed costs and ifcompensation costs are similar to this year – £43.5m – excludingpension misselling […]

ABI rethink on income protection

The ABI is updating its guidelines for income protection insurance in amove which the trade body has conceded will do little to address theunpopularity of the product when compared with other types of protectioncontracts.The minor amendments to the statement of best practice do not change therules of IP but aim to clarify them for consumers. […]

Doubts grow over future of NPI brand

NPI is set to become the latest brand to bite the dust following theradical restructuring of AMP&#39s UK business.The latest speculation on the future of the NPI brand follows comments madeby AMP group chief executive Andrew Mohl to the press that NPI as well asPearl would cease product manufacture.AMP paid £1.5bn for NPI following its […]

Time for a new approach to asset allocation

Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs. Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds have made it harder […]


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