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Public sector liability stands at 1,025bn

The true size of the UK’s public sector liability has risen to 1,025bn, according to a report by the Institute of Economic Affairs.

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Ex-BBN chief Harrison fined 15,000 by FSA

Former Berry Birch & Noble Insurance Brokers chief executive Paul Harrison has been fined 17,500 by the FSA for serious failings at the firm. The regulator found Harrison guilty of failing to ensure that the firm had proper systems and controls in place to protect customers’ money held by the firm. BBNIB was authorised as […]

Hutton sets out simple route to 0.3%

The Government is clinging to its belief that pension personal accounts can be delivered at a charge of 0.3 per cent despite acknowledging that few in the industry believe this is possible. Speaking at an Axa fringe event in Manchester on Tuesday, Work and Pensions Secretary John Hutton said if the Government can deliver enough […]

Pos Sol announces Partnership and PBO schemes

Positive Solutions has launched two schemes to recruit and reward partners and build profits leading up to a possible stock market flotation in 2010.The partnership scheme will pay out a pot of at least £80m to be shared between qualifying Positive Solutions partners if Pos Sol reaches a value of £600m or more by 2010. […]

Leeds offers 5-year fixed BTL range

Leeds Building Society has launched a five-year fixed rate buy-to-let mortgage range with fee free options for those looking to remortgage their portfolio. The five-year fixed BTL mortgage provides a rate of 5.24 per cent and the fee free version offers 5.84 per cent. Both products are available up to 80 per cent LTV, with […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]

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