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Profits up 70 per cent at IFG Group

Dublin-based IFG Group has increased pre-tax profits by 70 per cent to £8.6m in 2001 from £5m the previous year, while switching its advisers from commission to fees. IFG Group, which has bought up a number of small IFAs in the last year, also intends to spend £16m on a pension trustee and consulting actuary business doubling the size of its actuarial operation.

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Friends boosts bond allocation by 2% for online applications

Friends Provident is offering an increased allocation of up to 2 per cent for new lump sum investments of £10,000 or more into its portfolio bond.The offer is open until June 30. Investments between £5,000 and £9,999 will get the normal allocation of 101.75 per cent. Investments over £10,000 get an allocation rate of 102.75 […]

CML warning over Govt mortgage aid

Extending the qualifying period for state help with mortgage payments has cut Government spending but put homeowners in a more vulnerable position, says the Council of Mortgage Lenders.In its first study of the Government&#39s 1995 benefit reforms, which extended the waiting period for entitlement to assistance with mortgage interest payments, the CML warns that any […]

Yorkshire says gazumping is returning

Gazumping is set to make a comeback to the UK housing market according to Yorkshire Bank.Its quarterly house buyers survey finds a buoyant market in which one in ten people are prepared to gazump to get the home they really want.Yorkshire, Cornwall and Devon are the hot spots for the ruthless practice. It also finds […]

NAB putting £70m into UK operations

National Australia Bank has announced it is injecting £70m into its UK operations to improve IT in its Yorkshire Bank and Clydesdale Bank branches and to hire on 300 face to face employees. A NAB spokesman refuses to say how the funds will affect the company&#39s 100 existing IFAs or whether there are any plans […]

Key themes for 2017

Capital Market Notes, December 2016 Dave Lafferty, chief market strategist at Natixis Global Asset Management, assesses the accuracy of his 2016 outlook and provides his thoughts and outlook for 2017. Click here to read the full article

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