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CML endorses FSA endowments&#39 announcement

The CML have responded to this week&#39s announcement by the FSA by re-affirming the need for borrowers with endowment pensions to monitor their plans for repayment

It states the FSA&#39s assertion that existing endowment customers have generally fared better than if they had taken out a repayment mortgage was re-assuring.

It advises borrowers to consider the options available to them, and recommends seeking advice.

CML&#39s Director General Michael Coogan says: ” People receiving letters indicating that their endowment might not meet its target of repaying their mortgage should not be panicked into surrendering it.”


Halifax turning tied

The revelation that Halifax is to scrap its IFA salesforce of 130 is a slap in the face for those who have championed the IFA cause and consumers&#39 right to choice.It also goes against moves by other major financial institutions which are building up their IFA arms in a bid to provide more choice for […]

Inter-Alliance goestop with Lincoln buy

Inter-Alliance will become the biggest national IFA, with 1,850 registered individuals following the purchase of the 1,000-strong Lincoln tied salesforce.It will eclipse rival Bradford & Bingley which has 800 RIs, although not all Lincoln sales staff are expected to move.Inter-Alliance bought Lincoln&#39s UK salesforce last week for an undisclosed sum in a bid to become […]

Investment View

I was mightily impressed with the turnout at the Association of Investment Trust Companies&#39 Private Investors Forum in Leeds recently. We were deep in the middle of the worst fuel crisis I can recall since the three-day week in 1974.The range of protests that worked their way around Europe did little for our stockmarket and […]

Green Mortgage For Co-Operative

The Co-Operative Bank Mortgage is a CAT-standard flexible mortgage that addresses borrowers’ concern for the environment.This flexible ‘green’ mortgage marks Co-Operative Bank’s return to the mortgage market after a 10-year absence. It allows overpayments, underpayments and lump sum withdrawals to be made at any time. Interest is calculated daily and borrowers can also take payment […]


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