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MAS to return fees after budget surplus

The Money Advice Service is to return £800,000 to levy payers after it reported a surplus income in the 12 months to 31 March 2016. According to its most recent annual report, the MAS reported surplus income over expenditure of £300,000 in the year ended 31 March 2016 compared to deficit income over expenditure of £800,000 […]

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L&G to supply lifetime loans to Santander customers

Legal & General has signed a five-year deal to supply lifetime mortgages to Santander customers. An L&G statement says the arrangement could help Santander interest-only mortgage customers who struggle to repay capital at the end of their terms. The deal will also be open to Santander mortgage customers that want to release equity in retirement. […]

UK housebuilders remain a value trap – despite post-Brexit falls

Despite the sharp drop in housebuilders following the Brexit result, valuations in the highly illiquid market are still at elevated levels. And whilst some investors may take comfort from superficially low price/earnings multiples, are earnings sustainable over the long term, asks Holly Cassell, Assistant Manager of the Neptune UK Mid Cap Fund. Click here to […]

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TSB sets up new brand for Northern Rock loans

TSB Bank is moving its former Northern Rock portfolio to a new brand called Whistletree. Whistletree has been set up to give the former Northern Rock customers a distinct home within TSB. TSB bought a portfolio of mortgages and other loans from Cerberus Capital Management in November 2015. But before Whistletree, UK Asset Resolution handled […]

Time for a new approach to asset allocation

Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs. Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds have made it harder […]

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