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Savills chief blasts Cambridge Econometrics report

Savills Private Finance managing director Mark Chiltern has slammed predictions of a house price collapse by Cambridge Econometrics as being "fundamentally flawed".

Countering claims by the economic forecasting group that house prices in the South East are destined to plummet, Chiltern blasted the research for only being based on the relativity of house prices to income.

He claims affordability can only be measured by the relationship between average mortgage repayments and household income — which are currently in a healthy state.


Darling forecasts baby bond boom

Social Security Secretary Alistair Darling is predicting a boom for IFAs as younger clients seek advice on where to invest money from their maturing “baby bonds”. As the election enters the final week, Money Marketing interviews the social security spokespeople of the three main parties on their pension and savings policies. Conservative social security spokeswoman […]

Nine-month deadline to resolve Equitable dispute

Equitable Life has only nine months left to settle the dispute between policyholders to trigger the second tranche of payment from Halifax. This means it faces a tight schedule to draw up the det-ailed scheme technicalities, consult on the draft, get court guidance, vote on the eventual proposals and get the final go ahead from […]

Clear rules sought on contractingout schemes

The FSA is coming under pressure to clear up confusion surrounding whether IFAs have to demonstrate that personal pensions are at least as suitable as stakeholder as a vehicle for contracting out. The issue concerns whether the compliance requirement, which demands that IFAs must demonstrate that a personal pension is “at least as suitable” as […]

L&G threatens to withdraw FSAVC

Legal & General says it is considering withdrawing its FSAVC if the Government does not reinstate tax-free cash on the pension top-up vehicle. L&G could be the first of several life offices to shelve its plan as many believe FSAVCs do not have any place in the post-stakeholder market. It says unless the Government reintroduces […]


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