The FSA is launching a new mortgage website for consumers – mortgageslaidbare.info – bringing together existing mortgage tools and resources including budget calculators and mortgage tables. The website is launched to coincide with the first anniversary of mortgage regulation. A national and online advertising campaign promoting the web site is to follow.
Mortgage Business Expo which takes place on November 16-17 at Earls Court, London, will be offering visitors an image consultancy service through firm Dress2Kill. If your career is being dampened by your image, Dress2Kill will provide a free consultation and prescription to smarten up your dress sense. Men will also be able to get a […]
Troubled British insurer Goshawk has agreed to the sale of its reinsurance business Rosemont Re to a consortium of private investors led by the former chairman of ACE Don Kramer, subject to terms. Goshawk admitted significant losses to its reinsurance arm following Hurricane Katrina this September.
Royal Bank of Scotland is speeding up its commercial property transaction procedure in anticipation of a pre A-Day rush. RBS is offering pre-approved funding levels for commercial property investments into self-administered schemes, in conjunction with James Hay, Westerbys and Merchant Investors. The bank will marry IFAs with lenders, with RBS assessing loan feasibility. Through its […]
All protection providers should reveal their claims statistics to improve understanding and decrease instances of non-disclosure by clients, according to Abbey for Intermediaries. Head of life and health propositions (protection) Sue Wilkinson made her call as ScotProv released its critical-illness claims data for January to June 2005. The data shows that the majority of unsuccessful […]
The Artemis UK Smaller Companies Fund has delivered good returns through the bull market. But its cautious style is better suited to the trickier times which could be coming, says manager Mark Niznik.
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BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]
Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]
Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £149m between July and September this year — their highest level […]