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Sandler review terms out next week

The terms of the Treasury-sponsored review of retail investment headed by

Ron Sandler are expected to be published next week. Sandler attended a

meeting at 11 Downing Street on Tuesday to discuss the remit of the review.

It is widely expected to look at the prices and comm-ission structures of

retail products such as with-profits bonds, unit trusts and investment




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HDLN: Court challenge over lender rates




The discretion for mortgage lenders to set interest rates at will could be

restricted this week in a test case at the Court of Appeal. A married

couple are challenging the right of Paragon Mortgages to refuse to lower

their interest rate in line with cuts to the Bank of England base rate

despite not being locked into a special deal. The court is expected to

announce its decision this week.


Zurich appoints customer services director

Zurich Financial Services is appointing Rodney Cook as customer solutions director for its UK life business.Cook will be responsible for building a customer solutions team to work alongside the group&#39s two main life distribution channels, Allied Dunbar and Zurich IFA.A qualified actuary, Cook joins from AMP who he worked for 22 years in Australia, New […]

Aon launches manager of managers fund

Aon Consulting is launching a ‘manager of managers’ investment fund for its pension scheme clients which will give access to multiple specialist managers and increase the transparency of its advice. The funds will be run through Dublin as Oeics. The active funds will invest in the UK, Europe, Japan and North America. Aon says its […]

MarketPlace climbs stepped discount

The MarketPlace, Bradford & Bingley&#39s IFA division, is offering a mortgage that has a stepped discount for three years. It is available for loans of up to 90 per cent of valuation and has a 1.85 per cent discount in the first year, giving a payable rate of 5.15 per cent. A 1.5 per cent […]

Gap-filling move sees Virgin Direct brand disappear

The Virgin Direct brand is set to disappear following its integration withVirgin Money in a bid to offer a direct gap-filling operation. Royal Bank of Scotland is taking full ownership of lender Virgin One,buying the two 25 per cent shares of Sir Richard Branson and Australiangiant AMP for £100m. The Virgin Direct/Virgin Money deal will […]


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