New repossessions in the fourth quarter last year fell to 11,800, the lowest level since the second quarter 2008, according to the FSA.
Avalon is considering launching an offshore bond and insurance policy on its platform similar to a maximum investment plan. Director Harry Kerr says the firm has been considering the two products for six months although it is yet to confirm a launch date. He says the insurance policy will resemble a Mip and its underwriting […]
The FSA’s budget for 2010/11 has risen 18.3 per cent to £491m, up from £415m last year, amid warnings from chief executive Hector Sants that a more intrusive regulator is going to cost more.
Lloyds Banking Group is offering all borrowers on variablerate deals the opportunity to make overpayments of up to 20 per cent on their ortgagewithout penalty. The company says the scheme which runs from now until March 31, 2011, will allow clients who can make higher monthly repayments the opportunity to take advantage of the current […]
Coventry Building Society – 3.99% Flexx Fixed Rate Remortgage
Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]
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Fighting over those in financial services, rather than garnering interest from outside it, is asking for trouble When you ask the owner of an advice firm what concerns them most, they respond with one of two answers: regulatory change and recruitment. For once, I am going to talk about the latter. Here are the main problems as […]
Columbia Threadneedle is urging Unilever to engage with investors after its decision to establish its main headquarters in Rotterdam. Columbia, one of Unilever’s biggest shareholders, said it was disappointed with Unilever over concerns the move could be damaging for British shareholders. Head of responsible Investment at Columbia Threadneedle Investments Iain Richards said in a statement: […]
Aviva has u-turned on plans to scrap preference shares to investors. In a statement this morning, the insurance giant said that since it mooted the plans in its annual results earlier this month, it had discussed the issue with investors who had provided “strong feedback and criticism.” Based on the responses, Aviva says it has […]