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Trouble-shooter to push splits’ fund

A trouble-shooter has been hired by split-cap investment trust firms to convince consumers to take the FSA compensation settlement.

London PR consultant Nick Miles, who runs M:Communications, has been taken on by 18 fund managers and brokers which signed up to the FSA deal that created a 195m fund for investors.

Miles says he will fight the corner for the 18 firms to seek positive publicity for the agreement and convince consumers to sign the deal.

City lawyers say investors and IFAs are uncertain about what to do about the 195m fund because they believe it lacks clarity.

Miles says: “All that we know is that there are virtually no cases that have been brought. The FSA has taken so much time with this agreement. The only thing that is not a cert-ainty is how much each individual will get.”


Moneynet launches monthly mortgage survey

Moneynet launches a monthly bulletin showing UK average property values and mortgage borrowing patterns. The financial data comparison service compiled the information from 7,100 random visitors to the Moneynet website throughout January 2005. The results show that the average UK house value is 202,990, up 6.7 per cent from January 2004 when this figure was […]

Single-minded cartel homes in on lone deal

Manchester-based mortgage broker Cartel is planning to tie to a single lender and managing director Carl Wright predicts that broker firms will increasingly look to cre-ate these types of relationships as the market becomes more competitive.

The corporate card

There is a huge untapped market of companies which can benefit from offshore bonds and accounts.


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