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Lender pledges stable interest rates

The Swift Group has confirmed it will not up its secured loan rates following the decision earlier this month to increase the base rate from 4.5 per cent to 4.75 per cent.

The recent rise is the first in two years and some lenders have been quick to raise their loan rates.

Swift chief executive John Webster says; This is the first rate rise that many new borrowers will have experienced and will come as a shock to some. For the moment we have decided not to raise our rates in line with this base rate increase, which will be welcomed by our existing and new intermediaries. We will keep our position under review in the light of any further changes.


Sesame backs regulation for support services firms

Sesame is backing Tenet’s move to apply for FSA regulation for its support services arm despite regulation not being required. Sales and marketing director Steve Young says it demonstrates a positive and confident attitude if a support services firm seeks FSA regulation. He says there have been very low barriers to entry in this sector […]

American idle

The UK could follow the US, with rising rates slowing the market right down

FAMR – a familiar response

Pension specialist Fiona Tait takes a look at the Financial Advice Market Review and assesses the three areas where it suggests improvements can be made With significant budget changes ruled out (for a while anyway), the pension community briefly turned its attention to the FCA’s final report on its Financial Advice Market Review (FAMR), hoping […]


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