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Framlington World Cup challenge

The final results of the Framlington World Cup Investment Challenge were announced in last week&#39s Money Marketing but today we announce that the overall winner of the competition is Nick Pike, whose Lazy Boyz team have held on to the top spot with an overall gain of 10.92 per cent during the 12 weeks of the contest.

John Bramwell&#39s HL Reserves were second with a 10.49 per cent gain and he deserves a special commendation for pushing Pike all the way. Third was one-time leader Brian Rooney, whose team were the Mickey Rooneys.

Putting the game&#39s indices into practice would have meant that England would have been knocked out in the first round, with Russia and Slovenia fighting it out in the final. Let&#39s hope England do better in the real tournament.

Congratulations to all three managers for such an excellent finish to the competition and to all of you who were brave enough to participate in the game. We hope you have enjoyed it.


Newcastle combines property growth and income

Newcastle Building Society has established the income and growth property bond, a combination product comprising of a guaranteed growth bond and a high interest account.The product is available with a term of three or five years. The guaranteed growth bond element is linked to the Halifax House Prices Index, which measures house prices in the […]

Clerical Medical offers extra on bond

Clerical Medical is offering a 1 per cent extra allocation on its investment bond and “bond fee” version of its distribution bond.The offer which begins on June 5 will apply to all new investments and top ups to existing bonds until further notice.The move increases the allocation on the investment bond to 101 per cent […]

Independent View – Tony Byrne

Without a shadow of a doubt, today&#39s seemingly relentless onslaught of reviews, misselling scandals, exam requirements, compliance and training and competence standards, red tape, media attacks and overall Government antipathy towards IFAs and financial advisers in general represents probably the most challenging environment ever seen for even the most resilient of IFAs.Let us list some […]

Lending taken to new high by record remortgaging

Mortgage lending reached a new peak in April with gross advances totalling £16.9bn, up from £16.1bn in March and a big rise on £11.6bn in April 2001, according to the Council of Mortgage Lenders.The value of loans for house purchase fell slightly to £8.8bn in April, or 52 per cent of gross advances, from £9bn, […]


MPAA consultation

By Fiona Tait, pensions specialist The chancellor’s announcement of proposed cuts to the Money Purchase Annual Allowance means it will be more important than ever to be able to tell your PCLS from your UFPLS What was in the statement? Not much. The chancellor spared three sentences to inform us that the Money Purchase Annual Allowance will be reduced […]


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