Unity Homeloans will continue to be funded by Investec when it relaunches its sub-prime product range. Unity chief executive Paul Thomas, who has been seconded from Investec as a replacement to former ceo Ian Nelson, says the firm is working on its next securitisation issue and new range of products.
Instead of taking it easy on the bank holiday weekend, two employees of Investec Asset Management decided to swim from Europe to Africa across the Straits of Gibraltar.Nick Marshall and Werner Gey van Pittius tackled the 14km Straits but strong currents meant the duo had to swim 20km while dangers included sharks, hypothermia and tankers […]
Up to one in 10 of the most competitive two-year fixedrate deals are now below the Bank of England base rate with the return of 4.99 per cent mortgage offers, says online broker mform.co.uk.
Ecology Building Society has announced that it will pay introducer fees on all introduced new residential mortgage business with immediate effect.The fees are 0.35 per cent of the loan value (minimum £300 – maximum £1,000) and are payable upon completion. The fees are payable on all new residential owner occupier Standard Variable Rate mortgages and […]
More women resigned from the pension sector in 2006 than the previous year according to the Chartered Management Institute and Remuneration Economics.The institute suggests the gender pay gap may have contributed to the rise in resignations. Women in the sector saw a 5.5 per cent increase in pay while men saw a rise of 5.7 […]
By Kim Jarvis, technical manager with Canada Life’s ican Technical Services Team In this article we look at the main exemptions and reliefs that are available on death. Within the article, spouse also means civil partner. Nil-rate band Under current rules, any part of the estate that falls within the available nil-rate band (NRB), […]
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It is encouraging to see the FCA close in on lazy fund management, but more needs to be done Without fanfare, the FCA has confirmed its intention to punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]
Ex-GBST man and FinoComp chief executive Ray Tubman on the need for a brave new world of interoperability Platforms running on proprietary technology often see this as a competitive advantage, even if it is expensive to run. But ex-GBST man and now FinoComp chief executive Ray Tubman does not believe outsourcing is the poor relation. […]
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