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Pre-Budget – Second Child Trust Fund payment to be made at age 7

The Chancellor has unveiled a plan for a second Child Trust Fund payment to be made to children on their seventh birthday.

All children born after September 1, 2002 are already eligible for the 250 Government-funded starting payment, with children of families in receipt of the child tax credit getting a further 250.

Gordon Brown’s plan will see a firther payment of 250 per child, and 500 per low income family child, at age seven.


Loan firms predicting demise of packagers

A large number of packaging operations will disappear in the new regulated environment as transparency measures expose what they are earning, warn mortgage intermediaries.

Independent view

The Government got it spectacularly wrong on pricing so maybe it is time to at least try leveraging distribution.

Depolarisation may force some advisers out of market – FSA

The FSA says depolarisation may force some advisers out of the market.It says to the extent that the menu exerts some downward pressure on commissions, it is possible that some advisers will exit the market.But it doubts depolarisation will be a significant driver of market exits, saying that any advisers that do exit are likely […]


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