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Standard Life property fund makes two more European acquisitions

Standard Life&#39s European Property Growth Fund (EPGF has made two more acquisitions in Lisbon and Paris. Both buildings will form part of the EPGF, which invests in office, retail and distribution companies in continental Europe.

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Loans to Newcastle

Newcastle Building Society is to carry out mortgage processing, packaging and underwriting duties for High Street Home Loans. The deal has already resulted in four new recruits for Newcastle, and the company expects this number to rise. General manager Colin Greaves anticipates that the new partnership will process up to £150 million of mortgage balances. […]

Sofa slams kite marks for pensions

Sofa has hit out against plans in the pensions Green paper to usekitemarks on pensions.A Catmark is already used to help consumers recognise simple savingsproducts but the Department for Work and Pensions wants to extendtheir use to pension products.Sofa believes that use of the proposed kitemark for pensions willhave little impact for consumers unless it […]

Rock set to white-label Pru equity-release plan

Prudential is believed to be close to a deal with Northern Rock whichwill see the Pru white-labelling the bank&#39s equity-release productand selling it as its own.As reported in last week&#39s Money Marketing, the Pru is believed to belaunching into the equity-release market poss-ibly by the end of thismonth.Rather than designing its own product, the Pru […]

DWP project to set up OPP safety net

The Department for Work and Pensions is working with senior actuarieson a project to set up a central insurance safety net foroccupational pensions schemes, Money Marketing has learned.A number of high-profile actuaries have refused to comment on asecret DWP meeting held last week which is believed to have examinedthe cost of a scheme that would […]

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