View more on these topics

Running round the Rock

One saver with Northern Rock said this week that, having seen what happened with Equitable Life he was rushing to get his money out of the Rock.

This shows just what a task the regulatory authorities have in instilling confidence in a cynical population. We must hope that the messages of reassurances from the FSA and Bank of England and Chancellor Darling get through.

Clearly, this is mostly about lending and Northern Rock’s continuing ability to do so but, across the market, levels of lending will come under much more intense scrutiny – not just the ability of the sub-prime market to lend but of the prime market to relax income multiples.

What price will be put on such lending by money markets in future and what will this mean?

Mortgage IFAs and brokers will have to be at the top of their game to balance borrowers hoping to buy a property with their ability to pay perhaps even more than previously.

Recommended

Tigue looks to the long term

F&C Investment Trust manager Jeremy Tigue says he has been increasing borrowings in the trust to scoop up cheap shares during the credit crunch.Tigue says the recent market turmoil has opened up some opportunities for long-term investors.The 2.6bn investment trust’s gearing has increased from 5 per cent in June to 8 per cent in August […]

Under the influence

There used to be a time, not so long ago, when young boys doffed their caps as their headmaster passed by, when the bank manager was held in such high regard that it was inconceivable to question his authority and when politicians were revered as the custodians of a civilised society.There also used to be […]

Resolution new business rises 20 per cent

Resolution announced that new business profits grew 20 per cent to £30m compared to the second half of 2006 in its interim results released today. Its asset management arm grew 70 per cent to £24m while third party sales were 142 per cent higher at £1bn.European embedded value operating profit amounted to £395m in the […]

Cameron calls for transparency on BoE’s role

Conservative leader David Cameron says he fully supports how the Bank of England and FSA have handled the Northern Rock funding crisis but is calling for greater transparency in financial markets.Speaking at a KPMG event this week, Cameron said the immediate priority was to reassure investors about the safety of their deposits but he added […]

Sierra Leone cover image - thumbnail

White paper — Sierra Leone International Insights

Jelf Employee Benefits assesses the areas that employers should be aware of when considering operating in Sierra Leone, including healthcare access, delivery and insurance provisions. This report draws on various sources to highlight specific considerations for this emerging jewel in West Africa.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com