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Loan spirit in the Big Brother house

The Diary has been watching Big Brother 5 with even less interest than usual after discovering that housemate Michelle Bass is a mortgage adviser.

The 23-year-old Geordie apparently dismissed careers as a Tesco cashier and make-up artist before settling for a life in financial services.

The MM team have used Michelle&#39s presence in the house as an excuse to tune in and are waiting with bated breath for any insights into mortgage advising that she might divulge, as well as keeping an eye on her flirtations with fellow housemate Stuart.


BSA says dormant account assets are only about £22m

The Building Societies&#39 Association says the money left in dormant society accounts bears little relation to the billions that the Government is looking to retrieve. Budget proposals to force societies and banks to hand over cash in dormant accounts to charity has provoked a row between the Treasury and the BSA. In an effort to […]

Bank fined after credit limits were breached

Private bank Leopold Joseph & Sons has been fined £85,000 by the FSA for serious failings in monitoring credit limits. The bank, based in London and Guernsey, failed to undertake improvements to its credit limit monitoring systems after an FSA visit in 1999, which led to a client&#39s credit limit for foreign exchange transactions being […]

AIG manages the multi way

AIG LIFE MANAGED INCOME MULTI_MANAGER FUND OF FUNDS Type: Unit-linked fund of funds Aim: Income and growth by investing in bond funds, property funds and equity income funds Minimum investment: Lump sum £500 Investment split: 39.2% UK corporate bond funds, 18% UK equity income funds, 11.8% UK high yield bond funds, 12% property funds, 13% […]

Skills council backed over separate exams

The Financial Services Skills Council published its long-awaited exam review this week to unexpected approval from former critics of its proposals. Its move to provide a separate savings and investment paper has been applauded by the industry, which is also welcoming the introduction of exams for long-term care and lifetime mortgages. The skills council has […]


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