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OBSR suspends Franklin Templeton’s A rating

Old Broad Street Research has suspended Franklin Templeton’s A rating on its Europe fund following the departure of manager Andrew MacKirdy.

MacKirdy, who also managed the global fund sicav, will be replaced on the European fund by Uwe Zoellner.

OBSR research director Richard Romer-Lee says: “Following the news that Andrew MacKirdy has left Franklin Templeton, OBSR has taken the decision to suspend the A-rating on the Franklin Templeton Europe fund with immediate effect.  We will meet with the new manager in order understand their plans for the fund going forward.”


Eight MPC members voted for 0.25 per cent cut in February

Eight members of the Monetary Policy Committee voted in favour of this month’s 0.25 per cent cut, with one member voting for a 0.50 per cent cut in bank rate.MPC member David Blanchflower voted for bank rate to be cut by 0.50 per cent. He had previously been the only one to vote for a […]

Woolwich demands moreproof for fast-track business

Woolwich is tightening up its fast-track mortgage process after brokers voiced concerns that it could be abused by unscrupulous brokers.In an email to brokers, Woolwich says: “Being a responsible lender and treating customers fairly are key to our business.”It says applications on its MAX platform could result in requests to supply appropriate documents to verify […]

Mortgage Alliance sets £10bn target

The new head of Mortgage Alliance, Phil Whitehouse, plans to double the mortgage club’s distribution to £10bn by the end of 2009.The club currently places £5bn worth of business with lenders but Whitehouse says it would like to increase this to £7bn by the end of 2008 and £10bn next year.He says: “We have got […]


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