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Naked again at conference

The Pensions Action Group is organising a “Stripped of our Pensions” demonstration for the fifth consecutive year at the Labour Party conference in Bournemouth on September 25. Pensioners who lost money following the collapse of their company pension schemes will demonstrate naked outside the conference.

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‘Be transparent on sub-prime exposure’

Alliance & Leicester head of specialist lending Jeremy Claridge says lenders must be more open about their exposure to the US sub-prime crisis.Claridge says the market is spooked because lenders have not been open enough.A&L increased pricing on its near-prime and credit-adverse range by 0.75 per cent last week and Claridge says it will not […]

Platform hikes sub-prime rates by 1 per cent and tightens criteria

Platform has confirmed it will be increasing its non-conforming range by 1 per cent with maximum loan to values lowered to 90 per cent from 95 per cent.It will also be increasing its prime range by an average of 0.40 per cent.As revealed by Money Marketing online yesterday, the lender will be lowering maximum LTVs […]

First Actuarial wants transfer value rethink

First Actuarial has called for the Government to look again at its draft regulations on the calculation of transfer values from final-salary pension schemes.The firm says the proposal contained in the consultation to exclude employers from the process of calculating transfer values is inconsistent with the overall policy of getting trustees and employers to work […]

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