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Housing Corp says market is dysfunctional

The housing market is “dysfunctional” with a shortage of properties in the South and abandoned houses in the North, says the Housing Corporation.

Chief executive Norman Perry, speaking at the conference on the problem of building affordable housing, called on lenders to consider a range of investment opportunities in housing associations.

The Chartered Institute of Housing said lenders have a role to play in shaping housing policies.

Director of policy John Perry said there “are a lot of needy people within your remit and your responsibility in housing policy should start to bite.”

He supported the Housing Corporation&#39s view on inconsistencies in supply across the country saying “in the North we have house mountains” of obsolete properties.

Also taking part in the debate, CML deputy director general Peter Williams said the Government and the industry must work more closely together and he also called on the FSA to play its role in improving housing.

Williams said: “The FSA and the Treasury do not seem to have joined up to other Government departments looking at sustainable homeownership. It is time for the FSA to engage.”


Singapore firm set for UK retail fund market

Singapore-based fund manager APS Asset Management is entering into the UK retail market in the first quarter of next year with the launch of an Asian equities growth fund.The APS growth fund, which is currently domiciled in Dublin with two sub-funds, the Far East growth fund and the Japan growth fund, will be rolled out […]

Misrepresentation of agent status

My biggest concern about depolarisation, and the one about which nobody seems to be talking, is that of misrepresentation of status.I still do not understand the basis on which the FSA can argue that blurring the line of demarcation between tied agents and IFAs will be beneficial for consumers.It seems blatantly obvious that multi-tied agents […]

AMP wants buyer for its 50% Virgin Money stake

AMP is looking for a buyer for its 50 per cent stake in Virgin Money and admits that Towry Law is worth £40m less than it thought as the fallout from the review of its beleaguered UK business continues.New group chief executive Andrew Mohl, who ordered the review of its UK operations, says he accepts […]

FSA boss&#39 resignation a shame says Consumers&#39 Association

FSA chairman Howard Davies&#39 resignation comes at a difficult time for the regulator according to the Consumers&#39 Association.The announcement he is leaving the FSA next September to become director of the London School of Economics is a shame, says CA director Sheila McKechnie, because the FSA has not found its feet yet and offered adequate […]


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