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US auction company comes to the UK

America’s leading real estate auction company is to launch its auction business in the UK market at the end of March.

More than 500 bank and lender repossessed homes in England, Wales, Scotland and Northern Ireland will be sold at five separate auctions running from Tuesday March 31 to Sunday April 5.

The US auction house REDC will be detailing the properties on US website

REDC is making a major investment in this first round of UK auctions with a massive marketing campaign and hundreds of TV, press and outdoor advertisements.

Each auction will be a large-scale event at a major venue with full assistance on site for potential buyers.

Jeffrey Frieden, CEO and co-founder of REDC and, says: “Unlike traditional auction houses, which have restricted their pool of potential buyers to groups of savvy investors, REDC’s model is built on exposing its auction properties to as many people and as many markets as possible.
“We believe that everyone should be entitled to a bargain not just a select group of professional property investors.”


Equity release must battle negative vibes

Good communication is one of the keys to success for any business, and of course it is doubly important when trying to understand the needs and desires of customers.

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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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