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Winterthur Life challenges lenders to shape-up

Winterthur Life is warning all sectors of the mortgage industry to comply with the code or statutory legislation will be implemented.

The life office is laying down in the face of recent surveys that have found advisers are ignoring the mortgage code.

Director of sales and marketing says: &#34Consumer confidence is crucial to the success of our industry so it is imperative that advisers embrace the aims of the code. We believe if the industry fails to meet the high standards expected of it the Government will step in with legislation.&#34


Govett investment trust raises £113m

The Govett Enhanced Income Investment Trust sponsored by Williams de Broe raised £113m at closure.Chief executive Kevin Pakenham says: &#34Properly constructed and managed split capital investment trusts are ideal vehicles for investors seeking income.&#34

A&L says 750,000 could switch bank accounts this year

Nearly three quarters of a million people will switch banks in 1999 according to Alliance & Leicester commissioned research.The lender suggests that there will be a move away from traditional high street players towards direct telephone operations.The survey, conducted by market research organisation NOP, shows that 4 million people have switched their main current account […]


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