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October house prices up 1.8 per cent – ODPM

The Office of the Deputy Prime Minister&#39s house price index for October shows that the average house price in the UK was £161,365 up from £158,576 in September, a 1.8 per cent rise.

The figures are significantly greater than Nationwide&#39s October index which said the average house cost £131,947, an increase of 2.0 per cent.

The ODPM index also says that annual house price inflation was 12.1 per cent in October up from 11.0 per cent in September.


IFAs put out of the picture

For fairly obvious reasons, we recently embarked on a trawl through all our low-cost endowment files to establish on just how many of them the insurance companies have been failing to send us copies of their annual reprojection packages. The results have been alarming, to say the least. The two that really raised our eye-brows, […]

Bankhall £750k backing to fund CPG RI buys

IFA Corporate Planning Group has negotiated a £750,000 loan from Bankhall Investment Associates to fund its expansion plans for 2004. The Fareham-based company says it will use the cash injection to bring in more RIs and to develop the infrastructure of its existing business. It has deals set up to buy four teams of advisers […]

Brown hits back at Tories plan to reinstate earnings link for pensions

Chancellor Gordon Brown has hit back at the Conservative Party&#39s proposal to re-establish the link between increases in state pensions and rises in earnings. In his pre-budget report to the House of Commons Brown said the Tory policy would raise a deficit on public finances of 3 per cent a year and would undermine the […]

Industry hits a bum note

The Diary would like to know what has come over the industry lately. Why the sudden obsession with baring flesh? Christmas spirit can go one step too far and the Diary is a little concerned at the bare-faced cheek of Clerical Medical and Bright Grey, whose respective revealing calendars have recently been doing the rounds. […]


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