Paragon has announced extensive restructuring at Britannic Money, renamed Mortgage Trust. It will be combining duplicated functions at the Group's head office in Solihull for all but the staff involved in new business originations. This will mean up to 160 redundancies in Epsom over the next three months. Paragon anticipates 70 new positions in Solihull, […]
NATIONWIDE: NEW FORECAST OF 13% RISEHouse prices continued to rise in August, up by 1.1 per cent, putting the average house price at £129,258, according to Nationwide's monthly review of the housing market.This continues a rising trend of a 1 per cent increase in July and a 0.9 per cent rise in June.Group economist Alex […]
It is always difficult to imagine the future. According to the Junior Encyclopaedia that I pored over in my childhood, by the year 2000 I was supposed to be flying to work in my own private helicopter and eating a lunch made up of a handful of brightly coloured nutrient-packed capsules. In fact, of course, […]
Norwich Union paid out £26.9m in critical-illness claims last year, with 63 per cent of all claims for cancer and 13 per cent for heart attacks, according to its second annual CI report.The report has prompted intermediaries to call for other insurers to join NU and Scottish Provident in releasing detail figures because it helps […]
Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.
Drawdown investors need solutions focused on downside protection, inflation hedging and managing volatility risk The sector has a job on its hands to ensure the pension freedom reforms so many of us celebrated just a few years ago do not become a landmark we reflect on with regret in decades to come. That is the […]
Regulations around inducements are wider-reaching than ever before. The free-flowing champagne and jollies of decades gone by are now little but a distant memory. But the regulator is keeping a watchful eye on the industry for any sign of services and benefits that could cause bias. The crackdown on so-called non-monetary benefits started several years […]