The Mortgage Power a nationwide network of mortgage brokers has opened its new offices in Middlesex. TMP provides packages for the Money Store, Capital Home Loans and Irish Permanent.
Barclays Global Investors is launching a traded endowment policy investment trust which is aiming to raise £30m.BGIEF III will buy Teps that will mature between 2009 and 2013. The mid February launch will comprise a placing and offer for subscription which will close in early March.Minimum investment is £2,000. IFA commission is 2 per cent.
The Department of Social Security has announced that the compensation bill for delays to occupational and personal pensions providers caused by computer system NIRS II will reach between £35m and £40m.The Government issued the figures in response to a question from Liberal Democrat Social Security spokesman David Rendel MP.Rendel condemns the additional costs.He says: "The […]
Protection providers often extol the benefits of placing plans in trust. The advantages for clients are widely recognised and numerous – inheritance tax mitigation, avoiding probate delay, controlling claim proceeds, and so the long, familiar list continues. Yet, dismissed as unnecessary form-filling, or simply viewed as irrelevant in the context of a mortgage sale, less […]
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