Rob Clifford, chief executive of mortgageforce”It’s a shame the Cheshire and the Derbyshire have gone but Nationwide is a class act and if any mutuals are seeking consolidation it is an obvious and sensible choice.”
When faced with a problem our government has never been dynamic or renowned as a provider of innovative solutions. And while the grey men at Westminster dither over how best to solve the liquidity crisis strangling the market, the rest of us are wondering whether what they come up with will be too little, too late.
The US Federal Reserve has bailed out beleaguered global insurer American International Group to the tune of $85bn.
Nationwide has absorbed the Cheshire and the Derbyshire’s broker arms following its mergers with the mutuals last week.
New research has revealed that the highest percentage of opt-out rates in auto-enrolment is made up of 22- to 30-year-olds (28.49 per cent of 2,102 people surveyed, who chose to opt out of schemes, were in this age bracket).
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