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MCCB says code breaches are down

The Mortgage Code Compliance Board says there was a reduction in the number of mortgage code breaches by intermediaries in the six months to January 2001.

But the regulator is concerned that a quarter of firms visited by compliance officers failed to provide adequate explanations of the level of service they were providing and internal complaints procedures.

The MCCB says it may produce a handbook of good practice notes to help eradicate such breaches.


Schroder offers fist full of dollars

Schroder is putting its money on an upturn in the US economywith the introduction of its North American unit trust. Schroder&#39s existing North American fund is not available to retailinvestors and it will be renamed the Schroder institutionalAmerican fund to make way for the new fund. The new fund is an American fund that covers […]

ABN Amro gets its thinking cap on

ABN Amro Asset Management is getting into people&#39s heads with the introduction of the behavioural finance Japan fund.The fund is a Luxemburg-based Sicav managed from Hong Kong, that is aimed at experienced investors looking to move into Japanese funds.The behavioural finance Japan fund is denominated in Yen and will track the MSCI Japan index. It […]

Labour has closed its ears to follow secret agenda

Our industry clearly faces numerous changes. Enough have taken place already over the past five years. Many have yet to make themselves felt. Many changes in legislation may have a far wider impact on the industry than we have appreciated, making it hard to quantify the likely impact of these numerous changes and assess which […]

Exclusive Connections spreads the word for landlords

Exclusive Connections is helping to create more landlords with the introduction of the exclusive buy-to-let discounted rate mortgage.The mortgage is aimed at people who are looking to purchase a second property and then rent it out to provide them with an income. It has a discount of 1.25 per cent from the standard variable rate, […]

When will US rates rise?

By Felix Wintle, Investment Director & Head of US Equities The most recent communication from Federal Reserve chair Janet Yellen has put the market’s sights on September as the most likely month for the first rate rise. This is due to the stronger than expected economic data of late, particularly in employment and housing, which […]


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