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Salt withdraws product range with immediate effect

Salt has withdrawn all of its product range with immediate effect.

In an email to brokers it says that this is due to unprecedented volumes in the last 24 hours.

Salt says: “Current market conditions have resulted in a number of lenders withdrawing products. This has resulted in an increased appetite for our products and a corresponding record number of applications.”

It adds: “We pride ourselves on our service and such high volumes have inevitably impacted our ability to maintain service levels and deal with current pipeline.”

Salt says that any applications which have not been previously DIP’d on receipt of this email will not be accepted.

Salt says it will be launching a new range of residential and buy to let products on April 7.


Threadneedle takes its brand to the US

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FSA to visit firms in platform probe

The FSA is to conduct a series of visits to advisers using platforms after warning that it has concerns about conflicts of interest, potential increases in consumer costs and inappropriate investment advice.Retail policy and themes lead Rory Percival says the regulator has worries over how advisers manage conflicts of interest on all platforms, including adviser-owned […]

ScotLife Intl claims trust avoids new IHT charge

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Emerging confidence

Events last year changed investors’ perception of risk. On the one hand, some people were trading “safe” instruments unaware of the toxic properties contained within them. On the other hand, emerging markets, traditionally the most “risky” of global equities, quietly moved closer to the mainstream of personal investing with a steady flow of new frontier funds from managers.


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