It is a wrong-headed decision, based partly on a premise that the organisation should kowtow to the regulator and the Government. It should be reversed and IFAs considered for the post.
Halifax press officer Paul Fincham says: “Halifax will continue to offer its own products through Halifax advisers in Halifax and Bank of Scotland branches. Where our product range can be improved by offering another provider’s products we may consider doing this, but only if the products can offer our customers the best possible value.”
Nationwide’s housing forecast for 2005 says the average property price will rise by just 2 per cent as more realistic price expectations will act as a brake on the market. Predicted net mortgage lending for 2005 is £73bn from an expected £97bn in 2004.
Industry reaction is that the FSA’s calculation of market average rates errs on the low side.
The Chancellor has unveiled a plan for a second Child Trust Fund payment to be made to children on their seventh birthday.
In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.
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