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Platform – Almost Prime Mortgage update

Platform – Almost Prime Mortgage update

Update: Addition of 2-year fixed at 5.64% to 60% LTV, 5.94% to 65% LTV, 2-year tracker at Libor+ 3.79% to 60% LTV, Libor +4.09%. All mortgages available to selected intermediaries



F&C set for £12m of cost cuts

F&C Asset Management has announced plans to cut the annual costs on its business by £12m. The firm is set to appoint a new outsourcing provider in a bid to diversify its business and cater for new client needs. F&C says the appointment will affect approximately 110 staff, which represents around 70 per cent of […]


Govt to scrap default retirement age from April

The Government will today confirm it will scrap the default retirement age from April 2011. In July, the coalition announced it was consulting on plans to scrap the default retirement age from October this year. Employers can currently force an employee to retire at age 65. Their only obligation is to hold a meeting with […]


FOS could raise levy by £30m over BBA action

The Financial Ombudsman Service will ask for a levy increase of up to £30m if firms stop paying case fees pending the outcome of the British Bankers’ Association judicial review into payment protection insurance. The FOS this week published its consultation on its annual plans and budget for 2011/12, outlining plans to freeze the £500 […]


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