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Paragon MD appointed IMLA chairman

The Intermediary Mortgage Lenders Association has appointed Paragon Mortgages managing director John Heron as chairman for 2003. He takes over from Britannic Money chief executive Tony Ward who has been chair for the past two years. Kensington Group chief executive John Malty becomes vice chairman. Heron says he will ensure Imla plays a vital role in a meaningful debate on mortgage regulation and other Government measures.


ABI survey echoes stake shell shock

Nine out of 10 employer designated stakeholder schemes are empty shells with no members, according to figures from the ABI.The figures show the Government&#39s flagship pension product is failing to hit its target market, with only 40 per cent of stakeholder policies sold to people earning £10,000 to £20,000.Just 9 per cent of employers are […]

Euro fund firms told to keep it simple

European investment managers should stop churning out new products and concentrate on investors&#39 needs, says PricewaterhouseCoopers. The report says if fund managers want to attract business from the 80 per cent of European households without fund holdings, they should offer simple savings solutions rather than launch new products into a saturated market. To serve investors […]

N&P offers £5k prize for self-builders

Ecology-sensitive self-builders can win £5,000 by incorporating energy-saving features in their new home.Norwich and Peterborough Building Society is offering the prize to the self-built property that is the most environmentally friendly on location, construction, type and value.The competition is not restricted to N&P customers but is open to the 20,000 people who build their own […]

Official: Davies confirms polarisation is to be axed

The FSA has confirmed it will proceed with its plans for depolarisation which will see the creation of multities and gap-filling and the scrapping of the better than best rule.In a speech at the annual Aifa dinner in London last week, FSA chairman Sir Howard Davies said the regulator will press ahead with its plans […]

Investment clock economic update

In the latest Investment Clock economic update, Ian Kernohan, Senior Economist at Royal London Asset Management, discusses the implications of the US Federal Reserve’s recent hike in interest rates and upcoming French presidential election. The value of investments and the income from them is not guaranteed and may go down as well as up and […]


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