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FOS warns over unauthorised UK mortgage lender

The Financial Ombudsman Service has had dozens of complaints about an unauthorised bank that falsely claims to pay off mortgages for a £10 monthly fee. The Daily Mail reports that customers of WeRe Bank, based in Manchester, face reposession, late payment fees or wrecked credit records by dealing with the bank. The firm told customers […]

Danby Bloch

Danby Bloch: Lifetime Isa or pension?

Should a client under the age of 40 invest in a pension or a Lifetime Isa? This is a new issue thousands of advisers will be considering. From April next year, any adult under 40 will be able to open a Lifetime Isa. Investors can save up to £4,000 each year and will receive a […]

Eurozone GDP growth and inflation expectations cut

The European Central Bank has cut its expectations for eurozone inflation and GDP growth, as it announced further monetary policy measures to boost recovery. Speaking after the announcement of a further interest rate cut and a €20bn extension to quantitative easing, ECB president Mario Draghi said forward expectations of growth had been cut as a […]

Ros Altmann
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Altmann resists intervening in NHS cash-for-pensions scandal

Pensions minister Ros Altmann says the Government will not intervene in the case of an NHS trust offering staff higher salaries for lower pension contributions. The minister’s reluctance to intervene comes as the FT reports today the south-east London Oxleas Trust has been referred to The Pensions Regulator over the matter. Last month it was […]

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India’s key reform of 2017? Government announces huge banks recapitalisation programme

Kunal Desai, Head of Indian Equities, Neptune India’s government has announced a huge recapitalisation plan to fortify the balance sheets of its ailing state owned (SOE) banks. The government has committed $32 billion, which was far in excess of market expectations. This capital will be infused over the next two years and should help the […]

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