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NU cuts rates on lifetime loans

Norwich Union is reducing interest rates on its fixed-rate lifetime mortgage plans sold through intermediaries from 6.35 per cent to 6.3 per cent or 6.6 APR. All pipeline cases offered on or after December 18 will be subject to the new rates.

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Sing for your supper

I have been reflecting on my letter in your November 30 edition and Nic Cicutti’s thought-provoking piece in your December 7 edition. It strikes me that there is plenty of scope for financial advisers to receive payments that are disproportionate to the amount of work they do for their clients by way of fund-based renewal […]

Retaining walls repel invasion of new entrants

Record lending is likely to be the major talking point of a year that has seen the emergence of a multitude of new lenders, the birth of retention strategies and worries from the FSA over quality of advice.The Council of Mortgage Lenders expects gross lending to hit £345bn, up from £288bn last year. Many attribute […]

Shock absorbers

John Lappin looks at another year of trial and tribulation for advisers, saying that the model is intact and that failures can be put down to individual enterprises. He looks at ways that the sector can protect itself against further knocks.

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