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Halifax housing survey shows small fall in August

The Halifax House Price Index registered a small 0.1 per cent fall in August compared with a rise of 0.5 per cent in July.

The Halifax does not believe the fall signals the beginning of a recession in the housing market. But it believes that the market growth will be moderate for the next few months.

On an annual basis, house price inflation is up 5.3 per cent with the average house price standing at £72,568.

The market for first time buyers remains unchanged with prices averaging £52,836. But the annual rate of new house price inflation rose sharply in August to 6.7 per cent compared to 3.6 per cent in the same month last year.

The is due to the sharp monthly fall that occurred between July and August last year.


Foreman to quit as R&SA chief executive

The chief executive of Royal & SunAlliance Peter Foreman is quitting the position at the end of this month. Foreman will be replaced by current group finance director Paul Spencer.Julian Hance, another internal appointment will replace Spencer.Foreman is also quitting his post as a Group Director Europe but will remain on the board until the […]

Clerical Medical revamps sales team

Clerical Medical has announced plans to reorganise its sales arm following the retirement of its sales general manager David Arthur in November.The sales team will be divided by function into pure sales and business development.The new dedicated sales arm, headed by assistant general manager sales Graeme Riddoch, will concentrate on building IFA relationships, sales management […]

Prime Health adds travel insurance to its group PMI

Prime HealthPRIVATE MEDICAL INSURANCEType: Addition of worldwide travel insurance option to its group PMI plans – Company Primecare and Company Primecare SuperSaver. Premiums start at £4.50 a month and cover includes employees&#39 families.Tel: 0800 252369.

Teachers enters third party fund management

Teachers Assurance Group has moved into third party management with the launch of Teachers Investment Management.TIM, set up with a share capital of £350,000 will manage over £1bn of funds from the Teacher&#39s Assurance Group. But it is targeting other insurance companies and friendly societies.Teachers head of marketing Richard Haynes says: &#34Our long term funds […]


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