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UK prime RMBS deteriorating, says Moody’s

The outlook for prime residential mortgage-backed securities in the UK is deteriorating, according to a report from Moody’s.

The ratings agency says the outlook for UK prime RMBS remains stable but has deteriorated since its last forecast in July.

It says it now expects UK economic growth to be considerably slower in 2012 and unemployment rates to be higher than it did five months ago.

Moody’s says its outlook for RMBS is negative for Greece, Ireland, Italy, Portugal and Spain, and stable for prime assets in the UK, the Netherlands, France and Germany.

It predicts house price falls next year in Greece, Ireland, Portugal, Spain and to a lesser extent France.

It says that prices will remain broadly flat next year in the UK, Italy, the Netherlands and Germany, but the number of property sales will remain low.



Keydata casualty bought out of admin- up to £6m costs stay with FSCS

Target Financial Management has been bought out of administration by Million Plus Financial Planning, an IFA firm led by former TFM managing director Mike Cleary. Last week, Money marketing revealed TFM was entering administration after the Financial Services Compensation Scheme had pursued the firm over claims relating to Keydata. The FSCS is chasing the firm […]

Defaqto: Providers are failing existing pension customers

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State of the markets: UK equity income

Artemis Income Fund manager Nick Shenton discusses the state of the UK equity income market with journalist Alexis Xydias. With the first three months of 2015 showing strong returns for both the Artemis Income Fund and UK markets generally, Nick Shenton discusses the fund’s top contributors – including overseas holdings Novartis and Bayer – and […]


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