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On-line mortgage competition hots up

Money Supermarket is launching a new website aimed at directly competing with the on-line mortgage service provided by John Charcol.

The site claims it will offer consumers the chance to compare every single mortgage deal available.

Simon Nixon, a spokesman at Money Supermarket, said: “It compares very favourably with our main competitor John Charcol, which only has about 25 lenders to choose from.”

Charcol online managing director Toby Strauss, said: “We made a conscious decision not to include all lenders on the site as focus group research suggested people didn&#39t just want laundry lists.”


Pru on hunt for buys as it bids to be Goliath of the industry

The Government has revealed radical plans to subsidise the low-paid tostay in occupational pension schemes.The move will ensure the low-paid do not stop contributions and rely onthe state.It has been welcomed by the National Association of Pension Funds andpension providers.The NAPF has repeat edly warned the Government about the damage itspension reforms could do to […]

Industry tribute to IFA stalwart

The financial services industry is in mourning following the sudden death of former PIA board member and IFA champion Dennis Brown.Tributes from the industry&#39s highest profile figures have been flooding in since Brown died in his Glasgow home on December 7.Brown, 66, was the creator of the Scottish Independent Intermediary Association, deputy chairman of Fimbra […]

Economists predict no change on interest rates

Most economists predict the Bank of England will hold interest rates over the next week.A Reuters survey of 35 economists found more than half believed the Monetary Policy Committee, which makes decisions on rates, will leave them unchanged. Bank of America spokesman Rob Hayward, said: “Since there hasn&#39t been any untoward news on inflation and […]

Size doesn&#39t matter – life office survey

Size doesn&#39t matter when it comes to the growth of insurance firms, according to the Association of British Insurers.According to “Firm Size and Growth in the UK Life Industry” from 31 December 1987 to 31 December 1991 smaller life insurance companies grew the fastest. By 1992-6 the growth rate in companies large and small had […]

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Pension Wise — now taking calls…

Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.


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