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Four million homes needed, says Arla

The Association of Residential Letting Agents warns nearly 4m new dwellings will be needed in the next 15 years to fulfil demand. With the inadequacy of pension provision and increasing life expectancy, solutions such as retirement homes for rent, equity release schemes and Reits seem likely.

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Mifid rules use flexible approach

The final draft of the Mifid level 2 rules reveal that the EU is adopting a flexible principle-based approach, giving the FSA scope for implementation. Advisers will not have to record all client conversations but will face more stringent rules regarding product suitability justifications.

Mortgage staff may be on move

Several BM Solutions’ staff are set to quit in the next few weeks, adding to the HBOS exodus. MM understands that a number of middle management and back-office staff are waiting for March bonus payouts before handing in their notice, with Oakwood their likely destination. HBOS head of intermediary business Grenville Turner is leaving in […]

With cutout & I

London is awash with fancy bars and lavish restaurants to choose from when making a big announcement or launch so when Pink Home Loans decided to brave the stag and hen night haven Walkabout on Shaftesbury Avenue for its big day, it probably took many by surprise. On second thoughts, a room full of mortgage […]

PFS search covers tied and IFAs

IFA Promotion chief executive David Elms says the Personal Finance Society’s new adviser search facility could struggle because it includes multi-tied and tied advisers. He says the find an adviser tool is seen as a rival to IFAP’s Unbiased offering but he thinks it will fail to attract third-party referrals because comp- anies will not […]

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