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Winning formula

The Diary has learnt that some IFAs are quicker off the mark than others and it seems the quickest of the lot is ABG Financial Manage-ment&#39s Peter Kelsey, who is speeding up the leader board in the 2004 F1 Driver Challenge.

He is now down to the last dozen after beating almost 4,000 other drivers from around the country, racing karts, MG Rovers and Formula Zip cars.

If Peter wins, he will get a chance to drive in an international F1 race – likely to be the Boss or Thoroughbred series for Classic F1 Cars in 2005.

Up until 1997, Peter raced karts and was tempted to enter the F1 Driver Challenge following a Channel 5 TV programme. The Diary understands Peter&#39s wife Margot thinks it is part of a mid-life crisis as most of the other remaining entrants are only half Peter&#39s age.


&#39Advice must remain central to the process&#39

According to the latest figures, there are about 3,000 intermediaries who currently conduct mort-gage business who have neither applied for direct authorisation or appointed representative status – why not? “Who are they and what impact will this apparent exodus have on the size of the market and the availability of professional mortgage advice? Time will […]

Fat chance for morality

The seemingly inexorable increase in life expectancy observed over the last century may be about to stop. Some commentators are going even further. Earlier this year, Professor Claude Bouchard, president of the International Society for the Study of Obesity, stated: “I suspect that within a short period of time we will begin to see a […]

West Bromwich Building Society – All In 4.95%

Type: Fixed-rate mortgage followed by discount Fixed term: 12 months Fixed rate: 4.95% Discounted term: 12 months Discount: 1% Minimum loan: £25,001 Maximum loan: Up to 95% of valuation subject to a maximum of £500,000 Income multiples: Up to 3.75 times principal income plus second or three times joint Conditions: Six months&#39 free mortgage payment […]

Pension credit will need review, admits Johnson

The new Work and Pensions Secretary has admitted that the pension credit needs to be reviewed because it is likely to affect increasing numbers. Speaking at an ABI fringe event at the Labour Party conference, Alan Johnson conceded that if the pension credit continues to rise in line with earnings and the state pension continues […]


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