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Mortgageforce in referral deal with Glasgow Solicitors Property Centre

Mortgageforce has formed a referral agreement with Glasgow Solicitors Property Centre.

As part of the deal, GSPC clients will have access to Mortgageforce’s advisers.

GSPC sold over £750m worth of property in 2010 and has a network of over 200 firms.

Mortgageforce Scotland director Harry McGeough says: “This relationship with GSPC will provide significant benefits to those looking to buy or sell property through GSPC especially in a marketplace where professional and impartial mortgage advice and exclusive mortgage solutions have never been so important.”

In May, West Bromwich Building Society agreed in principle to sell Mortgageforce to its existing management. The broker is currently waiting on FSA approval to finalise the MBO.


Schroders profits triple to hit £406m

Schroders profits soared last year to £406.9m from £137.5m in 2009. Net inflows almost doubled from £15bn to £27.1bn. Funds under management at the end of 2010 stood at an all-time high of £196.7bn, compared to £148.4bn in 2009. Much of the returns came from Schroders’ asset management arm, with profits up from £174.7m in […]

Scrutiny on the bounty

Last week’s episode of embarrassing bodies was grosser than usual and I turned away nauseous on at least three occasions. In this particular instance, the embarrassing bodies were not on Channel 4 but were seated, fully-clothed in front of the Treasury select committee. Embarrassing? Yes. Embarrassed? No. Being interrogated by a committee of MPs must […]

Bogus callers claiming to be from FSCS trying to con Lifemark victims

A member of the Keydata Victims Group is warning Lifemark investors not to give out their bank details to bogus callers claiming to be from the Financial Services Compensation Scheme. In a message on the group’s forum, Peter Hilton says a number of Lifemark investors have received calls. He says: “Do not ever provide such […]

Cricket - thumbnail

England vs Australia: pensions

Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.


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