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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 […]

St James Place Capital announces results

St James Place Capital has announced a 67 per cent increase in its pre-tax profits.SJPC the holding company for J Rothschilds Assurance and a 24 per cent shareholder in the Life Assurance Holdings Corporation showed total 1998 pre-tax profits of £86.3m up from £xxm in 1997.J Rothschilds Assurance which specialises in advising higher net worth […]

BGI Endowment Fund falls short of target

Guernsey based traded endowment company BGI Endowment Fund III Ltd, has failed to live up to expectations.Barclays Global Investors had hoped to raise £30m with this its third version of the fund. However, only 12,854,000 share applications at 100p a share were received, this was in addition to the 7,199,000 already placed.According to BGI, it […]


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