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The Mortgage Operation adds three new lenders

Mortgage network and packager The Mortgage Operation has added three new lenders, Intelligent Finance, Norwich & Peterborough and Cheltenham & Gloucester to its panel. This brings the total number of lenders offering products to TMO member brokers through the panel to 16.

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Added frequency for Standard declarations

Standard Life may introduce more frequent bonus declarations on its conventional with-profits products amid continuing controversy surrounding its bonus policy.It says criticism of its payouts does not take account of the variety of with-profits it has on its books.The bonus rates on stakeholder with-profits and with-profits bonds are altered daily and these have been reduced […]

PI firms warn IFAs over endowment clients

Professional indemnity insurers are warning IFAs not to proactively contact clients about endowment mortgage shortfalls amid concerns that they could fall foul of their PI cover.However, IFAs claim the advice is short-sighted as it would be better to advise clients to take action now on potential shortfalls rather than wait until endowments mature, when a […]

Schroders gets diversified

Schroders has established a multi-strategy fund of hedge funds that invests in a portfolio of between 20 and 30 hedge funds.Schroders alternative strategies fund diversified will aim to produce returns of between 6 per cent and 9 per cent a year, regardless of the direction of bond and equity markets.The fund of funds is managed […]

Baillie Gifford sees opportunities for value on both sides of Atlantic

Recent weaknesses in the US stockmarket have created increasingly attractive investment opportunities in selected sectors and stocks, according to fund manager Baillie Gifford.It points to the performance of the S&P 500 companies, which showed increased profits this quarter year on year for the first time in six quarters, although it says that some companies are […]

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