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Furness offers boosts to first time buyers

Furness Building Society is launching a new mortgage designed to give first-time buyers a boost onto the property ladder.

The 6.69 per cent variable rate loan offers cashback of up to 4 per cent of the amount borrowed and has no valuation fee and no mortgage indemnity premium.

Borrowers also receive free loan protection insurance for the first twelve months to provide cover against accident, sickness and unemployment.


FSA is ready to compel offices to highlight Omo choice

The FSA plans to compel life companies to highlight the open market optionto policyholders three months before they have to buy an annuity, after theregulator gets its full powers in November. The move could see an advice bonanza as figures from the ABI show thatonly 27 per cent of policyholders currently take the Omo in […]

FSA must lead by example to reveal its Equitable role

Before it has reached the N2 starting line, the FSA is in crisis. It is now time for some uncharacteristic bravery from Canary Wharf. It will be difficult to shake the association with Independent andEquitable Life. As every player in financial services knows, if you give adog a bad name, it tends to stick. In […]

IFA updates Equitable Life guide

IFA Dennehy Weller & Co has updated its free guide for policyholders ofbeleaguered pension provider Equitable Life. The guide, last revised inJanuary, highlights the main options that policyholders have followingEquitable&#39s recent decision to slash the value of its pension plans by 16per cent across the board. The IFA suggests alternative pension providersin the guide after […]

Winchester White picks chief exec

Specialist financial services management consultancy Winchester WhiteManagement Consultants has appointed David Grey as chief executive. Theformer director of operations joined the business in 1992 and will continueto develop the company&#39s strategic direction. He replaces Brian Wood.Principal consultant Aileen Croft is to become head of the life and pensionpractice and will be responsible for developing and […]


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