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Legal & General confirms principal status for mortgages

L&G has confirmed that it will take principal status under mortgage regulation next October. It is starting discussions with business partners to communicate how it intends to operate in the new market.

Managing director, intermediary solutions Graham Newitt says: “The development of our proposition is a significant project and it is progressing well across a number of workstreams. Many people from across Legal & General&#39s business are now involved in making our proposition work.”


National IFA census launched

A nationwide census of IFAs is to go live in January 2004. IFA Census, launched by NMG Research in association with Aifa, will be a monthly survey of IFA opinions and attitudes focusing on issues of most interest to IFAs. IFAs who are Aifa members can complete the survey on the Aifa website or by […]

Advice on authorisation

The FSA, supported by the Institute of Financial Services, is holding a seminar to help firms wanting to become authorised. Being held in Manchester on December 17, the presentation is one of a series of events aiming to help firms identify the standards they need to meet in order to gain authorisation. The seminar also […]

Millfield cuts loss by 4.5 per cent

National IFA Millfield Group&#39s losses have fallen 4.5 per cent to £5.6m in the six months to September 2003, from £5.9m for the same period last year. The Aim-listed firm saw turnover for the period increase 65 per cent to £23.5m for the six months to September 2003, from £14.2m for the same period in […]

Correspondent&#39s week

Christmas is all around at Canary Wharf, home of the Daily Mirror, as artificial trees have been put everywhere over the weekend and the central atrium is festooned with strange pine cone and glitterball arrangements. It is terribly festive unless you are at the FSA, which has not yet joined in although I am sure […]

The Rubik’s Cube: China’s policy trilemma

By Douglas Turnbull, Investment Director, Head of Chinese Equities China faces a ‘Rubik’s Cube’ policy trilemma, whereby it needs to sustain a minimum acceptable level of growth, deal with issues such as overcapacity and reform the financial system to make it a far more efficient allocator of capital. Given the contradictory nature of these objectives, […]


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