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Profit warning from FSA on mortgages

The FSA warns in its Risk Outlook for 2008 that mortgage intermediaries and packagers could face pressures on profitability due to declining business volumes. It also forecasts a rise in repossessions.

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Fitch downgrades Friends Provident after strategic review announced

Fitch Ratings has downgraded Friends Provident’s insurer financial strength rating to A from A plus and its long-term issuer default rating to A minus from A.It has also changed the outlooks for both these ratings from stable to negative in response to Friends Provident’s announcement of its strategic review today.Friends plans to reshape its UK […]

PosSol Forum: New Mortgage Club launched

Positive Solutions is launching a new in-house mortgage advice and sales service intended to offer its advisers exclusive deals from mortgage providers. The Mortgage Club will allow its partners access improved fees and higher service standards from 25 different lenders, including Abbey for Intermediaries, RBS and Bristol & West.Positive Solutions mortgage manager Paul Rignall says […]

Bank robbery

Bertolt Brecht said: “It is easier to rob by setting up a bank than by holding up a bank clerk.”

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Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.

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