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Online &#39best buys&#39 for Inter-Alliance

National IFA Inter-Alliance is teaming up with online personal finance service moneynet to allow investors to compare, and in some cases purchase, thousands of credit cards, personal loans and PMI products. Inter-Alliance customers will have access to a “best buys” service detailing the best finance products available in sectors.

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Smithson Mason opens York office

Smithson Mason Group is expanding its operations in the North of England with the opening of a new division of Smithson Mason Financial Services in York.Initially seven staff will service existing and new clients based in York, North Yorkshire and Teeside. Andrew Keep will run the York office and joins the board of SMFS as […]

Standard Life chief to step down

Scott Bell, the group managing director of Standard Life, is to step down next March in favour of Iain Lumsden.Jim Stretton, the chief executive of UK operations is also retiring in December. Sandy Crombie will become deputy group chief executive with effect from next March.The giant Scottish mutual says it will maintain its commitment to […]

Supermart sweep in prospect as AMP buys iii for£52m

AMP has bought personal finance website Interactive International Investor in a deal worth£52m, making its second acquisition in two weeks.The move follows AMP&#39s takeover of Towry Law for£75.7m, giving it 200 RIs in the UK.AMP is offering 30p a share, making the deal worth£52.1m in share capital. Shares in iii closed on Monday at 25p, […]

AMP looks to takeover iii

AMP is in talks with Interactive Investor International with a view to taking over the online personal finance company. Shares in iii jumped 19.8 per cent when both parties announced they were in negotiations this morning.The announcement follows the recent launch of AMP&#39s own web-based sales arm Ample.

How QE is distorting the gilt market

By Mike Riddell The moves in gilts in August were truly exceptional. Volatility in the gilt market (based off 10-year gilt futures) has soared to close to the highest levels seen this millennium, on a par with the eurozone debt crisis of 2011/12 and behind only the global financial crisis of 2008/09. The first distortion […]

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