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Purely Mortgages chief executive on M-Day

Purely Mortgages chief executive Mark Chilton says the FSA should have given the industry a transitional period to prepare for M-Day.

As a result of the problems that are likely to occur, Chilton says the FSA may be more relaxed towards those suffering difficulties.

But Chilton says it is quite extraordinary that several lenders have not tested their systems yet in the “real world”.

Chilton says: “What amazes me is we haven&#39t had millions of pounds to spend on programmes. We developed our own KFI environment and it has been running for two and a half months. So, we will be pretty relaxed on Monday!”


Multi-Manager View

The wisdom of taking bets on asset allocation is a frequent topic of conversation with financial advisers. We take the conservative view that the neutralisation of asset allocation risks is the most appropriate approach for our products and market. If a multi-manager is taking big bets on behalf of clients, there are three possible outcomes. […]

Dresdner launches hedge fund covered warrant

Dresdner Kleinwort Wasserstein has launched the UK&#39s first covered warrant linked to a hedge fund index.The investment bank is this week launching a three year tracker certificate linked to the returns of the HFRX Global Index. Dresdner launched into the covered warrants market back in February and offers covered warrants based on UK blue chips, […]

Bristol & West launches new mortgage products

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Lipper acquires Fitzrovia International

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The return of emerging markets

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