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Future Mortgages bought by Citigroup

Independent sub-prime mortgage lender Future Mortgages has been bought by

global financial services giant Citigroup for an undisclosed sum. The deal

leaves Mortgages plc as the only independent sub-prime lender left in the

market.

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Woolwich in L&G protection plans deal

Woolwich is to offer Legal & General protection prod-ucts through its UKdistribution channels from October. The L&G deal is part of a restructuringof Woolwich&#39s salesforce, which will see sales of all long-term savings,investments and pensions moving to Woolwich Independent Financial AdvisoryService later this month.

Men more aware of stakeholder than women, survey says

New research by Barclays and Legal & General reveals awareness of stakeholder pensions is much higher than average among men as opposed to women and those in full-time, as opposed to part-time work.The overall awareness of stakeholder pensions among consumers stands at 47 per cent but Legal & General pensions strategy director Adrian Boulding says: […]

The Daley Update

Newton head of fixed interest Helena Morrissey has been promoted to chiefexecutive after a string of departures last week. Theresa Egan will takecontrol of Morr-issey&#39s high-yield bond and European high-yield bond fundswhile Stewart Cowley will manage the international bond fund. Ed Brittonwill become head of fixed interest.New Star Asset Man-agement has poachedToby Thompson from Newton […]

Change in lifestyles brings buy-to-let boom

Sun Bank is predicting a boom in the buy-to-let market after revealing a67 per cent increase in applications for the first six months of 2001 overthe same period last year. The lender believes the buoyant property market and lifestyle changes arebehind the increase. It also cites tax changes which have resulted in limited companies buyingmore […]

Lifetime ISAs – International Evidence

By Fiona Tait, Pensions Specialist Since the announcement in March, the Lifetime ISA (LISA) has attracted controversy. Heralded as a saviour for the self-employed and the young wanting to get on the housing ladder, the new LISA risks adding confusion for savers trying to fully understand the benefits of new workplace pension savings through auto-enrolment. To […]

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