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Start-up costs hit Tenet profit

Tenet has unveiled an operating profit of £1.74m for 2008, a fall of 52 per cent from £3.61m in 2007. This is largely due to the £1.75m start-up costs for Sinfonia Asset Management and its PI arm Paragon Insurance Services Guernsey.

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2008 was an annus horribilis for equity investors as the credit crunch intensified and western economies slipped inexorably into recession.

Govt considers ban on 100% mortgages

Banking minister Lord Myers has labelled 100 per cent mortgages as “foolish” as Gordon Brown hints at regulatory limits to high loan to value loans.

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Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.

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