View more on these topics

Hip provider Spring offers Gordon Brown a Hip for Downing Street

Hip provider Spring has offered incoming Prime Minister Gordon Brown a Hip as he makes his move to his new address on Downing Street this week.

The firm has already done most of the work for the Hip for Downing Street. It now just needs the go-ahead from the next Prime Minister to check energy efficiency for the Energy Performance Certificate.

Initial checks by Spring have shown the title deeds to Downing Street are in the name of current Deputy Prime Minister John Prescott under his title of First Secretary of State.

Spring is urging Mr Brown to become the first to have a HIP ahead of the new delayed launch of the packs which are aimed at making homes more energy efficient while also cutting the risks of house transactions falling through.

Spring chief executive Stephen Foden says: “Gordon Brown can be pretty certain that his move will go smoothly with no chance of getting gazumped or running into legal problems at the last minute.

“And of course he’s not buying the house so he won’t get to see a HIP from the seller. However we believe he ought to become one of the first to experience the new law. But of course we are not suggesting the delay in the launch of HIPs was to help the new Prime Minister avoid the need for a HIP.

Foden adds: “A HIP for Gordon will help us all know just how energy efficient – or not – Downing Street is and if nothing else will be a boost for other HIP providers to see that the new Prime Minister is committed to the packs despite the recent U-turn.”


‘Death’ forged to escape creditors

An employee at a Staffordshire IFA firm forged a client’s death certificate to evade creditors, a court heard.Independent Financial Advice Bureau administrator Melanie Deacon admitted fraud and forgery charges at Cannock magistrates court.Deacon obtained two Barclaycards using the name of a former friend – Emma Krista – who had moved to Greece.She told Barclaycard that […]

Winning promotion

By the time you get to read this commentary, the FSA’s retail distribution review discussion paper should be on your desks.

UBS carves out 130/30 territory

UBS has launched the UBS US equity 130/30 fund, an Oeic aiming for growth and income by investing in US companies using long and short techniques.

‘Share data to reduce churn rate’

Greater data sharing between the FSA, trade bodies and providers is being demanded to tackle the problems of churning and low persistency rates.Speaking at the launch of the FSA retail distribution review paper in London, HBOS chief executive officer of insurance & investment Jo Dawson said the industry should look at creating a data collection […]


DB transfer shouldn’t be all-or-nothing

By Steve Webb, director of policy In my recent discussions with advisers, a hot topic has been the growing number of people interested in transferring their defined benefit pension rights into a defined contribution pension scheme. With many pension schemes offering eye-watering transfer values, this is likely to be an area of increasing interest. Yet […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm