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Govt prepares £60m bailout of Dunfermline BS

The Government is preparing an emergency £60m bailout of Scotland’s largest building society Dunfermline in a bid to prevent a run on the mutual.

According to reports in the national press, Dunfermline is believed to be in trouble as a result of heavy losses on its commercial property and residential loan books.

The FSA is though to have attempted to prompt a number of mutuals including Nationwide and Yorkshire to take over Dunfermline but no deal has yet been brokered.


The bountiful game

I enjoy rugby union but regular tinkering with the rules is confusing and suggests the underlying principles of the game need constant modification. I am a football man and believe simplicity of the rules is its strength. I was thinking of this when I looked at the changes that the Association of British Insurers’ protection committee are making to total permanent disability.

Bargain hunt

Two events stick in my mind from last week and reaffirm my growing conviction that the real risk for investors now is being out of the market, rather than in.

Firms to follow guarantee rise

MetLife’s decision to increase prices on its income for life and capital guarantees is likely to trigger price hikes by other players, warns Annuity Direct director Stuart Bayliss.Money Marketing revealed last week that MetLife was pushing up prices as well as dropping the maximum equity exposure available on its guarantee from 85 per cent to […]

Where next for the price of oil?

Having stabilised at around $65 a barrel, many investors are questioning if the price of oil will rise, and when. Richard Hulf provides his view. Richard Hulf, manager of the Artemis Global Energy Fund, sets out his thoughts about how the oil price may move through the next six months. At the start of the […]


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