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TMA in talks to boost bridging offering

The Mortgage Alliance is negotiating with several specialist providers in a bid to boost its bridging finance offering.

Despite an existing bridging finance partnership with Cheval, TMA has confirmed it is currently looking to expand its bridging proposition.

Phil Whitehouse, head of TMA, says: “We are looking into expanding our offering in this sector but it is vital that we choose our partnerships wisely, and we are undertaking strict due diligence procedures before entering into such a partnership.

“Bridging finance remains a good option but it may not be for everyone and it is important that brokers and bridging providers fully understand the full implications of what the finance is being used for and if this is the best option available.”


OFT to investigate HBOS merger

The Office of Fair Trading is looking for feedback over the merger of HBOS and Lloyds TSB.It is considering whether the merger will fall under the provisions of the Enterprise Act 2002. In a statement to the London Stock Exchange, it says: “Should it be found to be a relevant merger situation, the OFT will […]

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England vs Australia: pensions

Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.


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