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Pru calls for stakeholder review

The Prudential is calling on the Government to review its stakeholder pensions in 12 to 18 months time to gauge how successful the products have been.

In announcing its business results for the six months to June, chief executive Jonathon Bloomer said the take-up of the pensions would have to be looked at and changes such as making them compulsory or the issue of corporate contributions would have to be considered.

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RBS buys rest of Virgin One

Royal Bank of Scotland has confirmed plans to buy the rest of mortgage lender Virgin One from joint owners Sir Richard Branson and Australian giant AMP for £100m.RBS, which owns 50 per cent of Virgin One, says it has agreed with both Branson and AMP to acquire their respective 25 per cent stakes as part […]

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Scot Am mortgage club hits £7bn mark

Scottish Amicable’s mortgage club has announced it originated over £7bn worth of homeloan applications in the first six months of the year. The club, which comprises more than 30 lenders, has so far completed £4.5bn of the applications but expects this figure to rise over the coming months as the most recent applications go through. […]

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