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Interest rate on hold at 4 per cent

The Bank of England&#39s Monetary Policy Committee has decided to leave interest rates on hold for the ninth consecutive month in a row.

The rate stays at 4 per cent as it has remained since last December.

The MPC made its decision despite the rising house prices, mainly because it is concerned with slowing down consumer spending.


Flight leaves IFA post for Shadow Cabinet

IFA champion MP and Investec co-chairman Howard Flight has been promoted to the Shadow Cabinet but will no longer represent IFAs&#39interests in Parliament.Flight&#39s promotion to Shadow Treasury Chief Secretary from Shadow paymaster general follows Conservative Party leader Iain Duncan Smith&#39s recent frontbench reshuffle.Flight has repeatedly raised the plight of IFAs in Parliament, taking the lead […]

Guide aims to help IFAs with bereaved clients

IFA Promotion has produced a free guide on dealing with the practical issues arising from the death of a family member or friend.The publication entitled, A practical guide to dealing with bereavement, is intended to help IFAs give useful advice to clients in a sensitive situation.Specific areas covered in the guide include making funeral arrangements, […]

First National launches new discount mortgage

First National Mortgage Company is launching a new discounted standard variable rate-based mortgage this week which it says is targeting borrowers who want to minimise monthly payments in the early months.It offers a discount of 1.25 per cent off the SVR of 5.99 per cent for the first six months giving a current starting rate […]

Essex resident wins £1m in premium bonds draw

An Essex resident has become the 101st Premium Bonds millionaire by winning the August draw through the scheme. The winning bond was worth £2,000 and bought in September 1999. The winner was the sixth millionaire from Essex since the jackpot began in 1994.Since the first prize draw in 1957, prizes worth £6.16bn have been awarded […]


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