View more on these topics

Slight fall in number of credit-impaired says Datamonitor

The number of credit impaired individuals fell to 7.8m in 2002 from 7.9m in 2001 according to research from market analyst Datamonitor.

The figure, that has decreased from 8.2m since 1998, reflects the number of people who are systematically refused credit from mainstream lenders whatever the size of their application. It includes sub-prime, non-status, non-conforming and credit impaired.

The fall was in part attributed to lower unemployment, consistently lower interest rates and a fall in the number of mortgage repossessions that fell to 6,800 for the first six months of 2002 from 17,000 in the first six months of 1997.


British Gas targets equity release

British Gas is to launch equity-release products, mortgages and securedloans as part of its move into financial services this year.The utilities company, a subsidiary of the Centrica Group which also ownsthe AA and Goldfish Bank, says it is currently at the development stage andis confident it will produce a suite of financial products to appeal […]

ScotEqu Intl cutting Luxemburg staff

Scottish Equitable International is set to reduce its headcount at its Luxemburg offices by half by the end of year. It currently employs around 100 people, and says it won&#39t renew short term contracts and will look to make voluntary redundancies.

CSAM offers 1 per cent Isa discount

Credit Suisse Asset Management is offering a 1 per cent discount on all lump sum Isa investments into its range of Oeics.The offer, which is open to the end of the tax year, applies to funds including CSAM&#39s income, monthly income and extra income funds, as well as its corporate bond monthly income and smaller […]

Ringing endorsement

Most healthy growing businesses operate with a relatively high degree ofproactivity. By this, I mean they are not depending on requests for goodsor services from existing customers but generating business from existingcustomers and developing new customer relationships.Doing more business with existing customers is properly regarded by mostbusinesses – and financial services is no exception – […]

How QE is distorting the gilt market

By Mike Riddell The moves in gilts in August were truly exceptional. Volatility in the gilt market (based off 10-year gilt futures) has soared to close to the highest levels seen this millennium, on a par with the eurozone debt crisis of 2011/12 and behind only the global financial crisis of 2008/09. The first distortion […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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