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IFAs selling endowments despite warning

IFAs are still promoting endowment mortgages even though the Government has warned they should only be sold in exceptional circumstances, according to the Guardian.

Major mortgage companies have been advising first-time homebuyers endowments are more flexible and portable than repayment mortgages, according to its research.

The Association of British Insurers believes charges on 75 per cent of endowment plans are too high to be suitable for homebuyers.

Commission earned by IFAs for sales of endowment mortgages can be seven times higher than that offered for repayment mortgages.


Nasdaq to launch European stock exchange

Nasdaq is launching a Europe-based stock exchange next year.The electronic screen-based service will be designed to attract Europe&#39s high growth technology companies. Nasdaq says the new exchange will offer investors an internet-accessible, high performance, low-cost trading platform, linked with Nasdaq markets in the US and Asia.The London-based pan-European exchange will be launched in the last […]

IFAs can&#39t be trusted – new survey

IFAs are less trustworthy than estate agents and bookies – according to a new survey by The Motley Fool internet website.An IFA&#39s impartiality and ability to give independent help is generally compromised by the levels of commissions they get paid, according to about 60 per cent of the 1,000 people asked in the survey.A lowly […]

Bank of Ireland bid for Ulster

Bank of Ireland is in talks with Irish Life and Permanent on making a joint bid for Ulster Bank, according to the Financial Times.Offers have been invited by Wednesday for Ulster Bank by parent company NatWest. The move comes as NatWest fights a hostile £22bn takeover bid from Bank of Scotland.Analysts value Ulster at £1.7bn.

Mortgage providers hold fire over rates rise

The major mortgage lenders have held back from immediately raising their lending rates despite the 0.25 per cent increase in the base rate by the Bank of England.Nationwide says: “We have to consider the needs of our savers and our borrowers very carefully.” The Halifax says it is still reviewing its rates.The B of E […]


White paper — Dubai International Insights

Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.


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