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Wise Owl stops offering mortgages

Wise Owl Services is no longer per-mitted to conduct mortgage and insurance activities, the Financial Services Authority has revealed.

The FSA originally contacted Wise Owl Services, trading as Wise Owl Insurance Services and Wise Owl Mortgage Services, over concerns about its sales practices.

Following this the firm agreed to give up its permissions to conduct regulated insurance and mortgage activities.

The FSA says the Birmingham-based firm’s insurance clients may find their policies are affected, particularly those who took advantage of its free life insurance offer.

Wise Owl agreed to pay the regular premiums for customers of free life insurance for a set period, usually 12 months.

But the FSA says the firm seems to have stopped paying these and some customers may be unaware that they are no longer insured.


House prices fall for first time in a year as supply outstrips demand

House prices fell in July for the first time in a year, says the Royal Institution of Chartered Surveyors. More chartered surveyors repor-ted a fall in prices than a rise for the first time since July 2009 as demand slipped and the number of properties coming to market continued to rise. Some 8% more surveyors […]

Three convicted for conning £4.6m out of providers

Three individuals, including a for-mer police financial investigator, were last week sentenced to jail for defrauding mortgage providers out of £4.6m. Charles Overend, a former police financial investigator, defrauded mortgage providers by hiding discounts he had received on the price of residential properties, tricking lenders into providing loans that were proportionally larger than normal for […]


Off-the-shelf IT is your flexible friend

Heads you win, tails you win – you may think I’m referring to the life of a banker, and my blood pressure does indeed rise thinking about the bonuses some are considering awarding themselves. But actually I’m referring to the benefits of selecting the right IT system. Years ago I was convinced by an IT […]

A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery


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