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Mortgages Plc pilots self-cert declaration

Sub-prime lender Mortgages Plc is piloting an affordability declaration for self-certification mortgages, borrowers will have to confirm they can meet monthly payments and fully understand the consequences of interest rate changes.

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BFS founder and split-cap pioneer Tony Reid quits

BFS founder Tony Reid has quit his position on the board of the BFS income and growth fund. The board says Reid, a key personality in the split-capital investment trust sector, left “with immediate effect” but it is not known under what circumstances the departure took place. It describes Reid as a “pioneer of the […]

Building Societies put in strong performance in 2002/2003

Building Societies have performed strongly in 2002/2003, increasing its assets by more than 12 per cent, according to the latest KPMG Building Societies database. The report shows total assets now stand at £193.6bn up from around £173bn. Building Society Association director-general Adrian Coles says: “KMPG&#39s Building Societies Database shows that the sector is continuing to […]

Gallagher quits Legg Mason

Keiran Gallagher, chief investment officer and European growth fund manager at Legg Mason Investments, has resigned from the group to explore the possibility of setting up an investment boutique.Gallagher, who could also team up with a specialist money manager, is staying on to ensure a smooth handover process although his fund will be taken over […]

BBB warning to IFAs on looming consolidation

Berkeley Berry Birch says few IFAs are thinking about the future direction of their businesses. It has organised a series of events to discuss what it sees as the inevitable consolidation in the industry. BBB directors will be touring six UK regions to discuss attitudes to consolidation in the IFA sector and the shape of […]

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Lifetime Isa – how it works

According to George Osborne “people like Isas – because they’re simple”. Fiona Tait is not convinced… Contributions & bonuses What he said: “From April 2017, anyone under the age of 40 will be able to open a Lifetime Isa and save up to £4,000 each year. And for every £4 you save, the Government will […]

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