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IMF backs UK recovery

The International Monetary Fund says it is confident that the UK economy is on the mend but is concerned at persistently high inflation.

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Equities broker banned and fined £250k for paying kickbacks

The FSA has fined and banned a former cash equities broker £252,239 for paying kickbacks to a hedge fund trader in return for broking business. Fabio Massimo De Biase was a cash equities broker working at TFS Derivatives who was paid a proportion of the commission revenue he generated from winning broking business. Between January […]

Labour conference blog: Miliband’s huge task

I’ve just spotted David and Ed Miliband talking together in Manchester  – both wearing indentikit purple ties and dark suits! Clearly the new uniform of ’not new’ Labour. What will happen next? Will David take the Shadow Chancellor role? Well Ed Miliband has a real job on his hands this week and not just to […]

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Precise Mortgages relaunches buy-to-let range

Precise Mortgages has relaunched its buy-to-let range range. The new range includes two-year tracker rates from 4.89 per cent and lifetime tracker products from 4.99 per cent. Product features include no early repayment charge products and a product with cashback and free standard valuation – to a maximum of £475. The lender has also removed […]

Aegon retains protection business

Aegon UK chief executive Otto Thoresen has stressed his commitment to distributing through intermediaries after revealing that the provider will retain its life insurance and protection offering. The move comes as part of a restructure of UK business which will see Aegon focus on the at-retirement and workplace savings markets and cut costs by 25 […]

The savvy consumer

In last year’s FCA thematic review of the mortgage market, one of the key things highlighted was the “savvy consumer”. That’s the client who comes in the door with a very clear idea of what they need and expect you to get them it. They don’t think they need advice, they have after all consulted […]

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