View more on these topics

Splinta accuses ODPM of misleading figures for sellers packs

Sellers pack campaign group Splinta is accusing the office of the deputy prime minister of using misleading statistics it uses to justify the case for the home information pack.

Splinta joint organiser Nick Salmon says: “According to the department&#39s own research the percentage of failed purchases due to an unfavourable survey in the period examined was just 13%, while unfavourable mortage valuation inspections accounted for a further 30%. A mortgage valuation inspection is not a survey. It is the way building societies assess property values in relation to the funds they are asked to provide. In fact, the true percentage of fall- hroughs in property sales due to bad surveys was only 3.64% – less than a tenth of the 40% claimed by the ODPM.”

Recommended

Equitable should back campaign for Gvt compensation – action groups

Equitable Life Action groups have joined forces to strengthen calls for Equitable to back a campaign for Government compensation. Seven action groups have come together in a single movement called E7 which wants the society to put its weight behind calls for £3 billion of compensation from the Government. E7 spokeswoman Liz Kwantes says the […]

Liontrust in revamp of flagship fund

Liontrust&#39s flagship first income fund is undergoing its most radical overhaul for several years in a move that will transform one of the best performers of 2003 into a more traditional equity income fund. Manager Jeremy Lang is dramatically lowering the bias towards high-yielding companies in the £700m portfolio, which gave a total return of […]

Jupiter appoints retail marketing head

Jupiter has appointed Peter Hall as head of retail marketing. Hall joins from Fidelity, where he was senior manager, practitioner and IFA marketing. Joint managing director Gordon Davidson says: “Peter&#39s experience in UK retail marketing and fund distribution will make him a valuable addition to the marketing and sales team.”

Standard confirms review team

Standard Life has confirmed its strategic review team with big names such as Price Waterhouse Coopers and UBS to support senior executives in its quest to find the best way forward for the mutual insurer. The review, which will look at a range of factors including the most appropriate capital structure for the company in […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment