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Office of Fair Trading bans Birmingham estate agent

The Office of Fair Trading has made a prohibition order against a Birmingham estate agent banning him from estate agency work.

Shazad Jahan, a partner of ‘Saints Estates & Mortgages’ in Kemp Road, Birmingham, has been convicted of offences involving fraud or other dishonesty as referred to in the Estate Agents Act, and therefore considered by the OFT to be unfit to carry out estate agency work.

OFT Director of Consumer Protection Mike Haley says: “‘This case demonstrates that the OFT will take the strongest possible action to protect consumers and will ban estate agents who are unfit to continue working in the industry.”

Jahan has until 22 February 2008 to appeal.


Shame 100% LTVs have gone, says Jonathan Cornell

Pulling 100 per cent mortgages will harm the already-fragile UK housing market, says Hamptons managing director Jonathan Cornell.He says all the lenders pulling out of this market, lastly with BM Solutions’ announcement this morning, often denies first-time buyers any hope of getting on the housing ladder. Cornell says: “It is a real shame to see […]

Former Skandia head Jim Roberts joins Sarasin & Partners

Sarasin & Partners has appointed former Skandia group investment director Jim Roberts as the group’s non-executive director.Roberts, who was also chairman of Skandia investment management, will look to build on Sarasin & Partners drive into the mainstream UK wholesale market.Sarasin & Partners managing director Guy Monson says: “We are very pleased to have attracted Jim […]

Fallon says the Tories needto heed non-dom lessons

Treasury select committee deputy chairman and Conservative MP Michael Fallon has hit out at his own Shadow Chancellor’s proposals for non-domiciliaries.On the ConservativeHome website, Fallon said Shadow Chancellor George Osborne’s plans would be only slightly less catastrophic than Chancellor Alistair Darling’s controversial proposals for non-dom taxation.Osborne proposes introducing a 25,000 annualflat rate charge on non-domiciled […]

Large-cap growth alpha thesis: seeking risk-adjusted excess returns

Content supplied by Loomis, Sayles & Company — an affiliate of Natixis Global Asset Management For mutual fund investors and managers of large pensions or endowments, a major challenge is to identify those portfolio managers who are most likely to deliver superior risk-adjusted returns in the future. Understanding how an investment philosophy informs a manager’s decision […]


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