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Non-dom residents taxed

A £30,000 tax levy has been created for non-domiciled residents who have lived in the UK for seven out of the past 10 years.

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FSA calls for commercial insurance brokers to be more transparent

The Financial Services Authority has published a discussion paper which calls for mandatory automatic disclosure of fees in the commercial insurance market. In December 2007 the FSA published an independent report that considered whether disclosure of commission earned by commercial insurance intermediaries should be made mandatory. The report found that intermediary disclosure by itself was […]

Loanoptions.co.uk launches secured loan guide

Loanoptions.co.uk has added a guide to its website to help brokers get to grips with secured loans. The launch is designed to help brokers who are now looking to broaden the depth of their search for suitable products under the Treating Customers Fairly initiative.Andy Moody, managing director of Loanoptions.co.uk, says: “Analysis of intermediaries coming to […]

Bear Stearns accepts emergency funding

US banking giant Bear Stearns has received emergency funding from JP Morgan Chase and the US Federal Reserve.JP Morgan will provide the necessary liquidity for the firm, which owns UK lender Rooftop Mortgages, in the next 28 days.Only days after issuing a formal denial that it faced liquidity problems, Bear Stearns last week entered into […]

Agents quick to sign on to OEA code of practice

The Ombudsman for Estate Agents has reported a strong response to its code of practice scheme with agents signing up at faster rates than inquiries can be lodged or cases investigated.A report by Christopher Hamer, ombudsman of the OEA, shows that while member numbers climbed by 60% during 2007 the number of complaints received within […]

Europe: banking on a recovery

Neptune video: Europe — banking on a recovery

Arguing that the eurozone crisis is over, watch Rob Burnett, head of European equities at Neptune, discuss the sectors that he’s investing in to harness the recovery. 

In the video, Burnett addresses the following: 

• The primary drivers of the eurozone’s economic recovery
• The turnaround in individual countries’ current accounts
• Sectors best positioned to harness the recovery, without offering undue exposure to risk

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