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Spink to implement Rock reforms at FSA

The FSA has formed a team of nine internal staff to implement the recommendations made following its investigations into Northern Rock. It will be led by head of supervision for small mortgage firms and credit unions Mandy Spink.

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First loyalty should be to your customers

I feel compelled to respond to the open letter to mortgage intermediaries printed in Money Marketing last week. Had it been two days earlier, I might have dismissed it as an April fool. It is difficult to argue against the actual words of the letter but the sentiment is very much misfounded. I would say […]

Stagecoach to use Sipp as default fund

Stagecoach Group has become the first major employer to ditch its stakeholder scheme and use a group Sipp as its default option for employees.Hargreaves Lansdown will provide the group Sipp as the default for all new employees.The existing 10,500 Stagecoach staff currently in the firm’s stakeholder scheme or without provision will also be offered the […]

Abbey withdraws last 100% deal

Abbey has pulled the last 100 per cent mortgage deal from the market. A spokesman says: “This is normal given the current market conditions and is in line with recent moves by other lenders.”

Artemis Global Income: favouring Europe over the US

With a 10 per cent return from his Global Income Fund in the first three months of 2015, Jacob de Tusch-Lec talks to journalist Alexis Xydias about the drivers and why he favours Europe and Asia over the US. Jacob believes European companies remain cheap and is still finding opportunities amid value stocks – in contrast […]

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