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Housing market stability restored, says Nationwide

Stability in the housing market has been restored, according to the latest report from Nationwide.

House prices were unchanged in November bringing annual growth to 2.4 per cent , down from 3.3 per cent last month and significantly lower that at this time last year when house price inflation was 15 per cent. The price of a typical house in the UK is 157,139 compared to 153,439 at this time last year.

In spite of the strong rebound in prices in October, the overall picture of stability rather than acceleration remains, says Nationwide. Record house prices continue to be a brake to the market, but the benign economic environment is relatively supportive

Nationwide says affordability could reach its long-term average in four years if house prices remain constant


Pressure is growing over spring deadline

The Government faces a tight self-imposed deadline of next spring to respond formally to Turner and is coming under strong pressure from the opposition to stick to its timetable. Work and Pensions Secretary John Hutton told the House of Commons that the Government welcomes the broad framework of the report and insists it has ruled […]

Winterthur to split management structure in new year

Winterthur Life is planning to bisect its management structure from January 1 to help growth in its new IFA-focused insured pensions business.The provider believes the new scheme, yet to be confirmed, will further help the growth in the sector, which saw a 26 per cent increase in Q3 2005 to 1.209bn single premium equivalent against […]

IFAP says public is unaware of crisis

Consumers are ignorant of the problems they face, according to IFA Promotion, which says 40 per cent of adults think the crisis will be solved by the time they retire.

Commercial break

Berrington Fund Management chief executive Richard Burrell guides advisers through the commercial property fund maze

Introducing Trevor Greetham

Ryan Medlock, Investment Proposition Manager, Royal London Royal London Asset Management’s (RLAM) new head of multi-asset is officially up and running. I want to look at what expertise Trevor brings to the table and how this affects the Governed Portfolios (GPs) and Governed Retirement Income Portfolios (GRIPs). Trevor Greetham joined RLAM in April 2015 from […]


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