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BSA applauds governments green promise

The Building Societies Association has welcomed Gordon Browns plans to encourage greener homes in his latest budget statement.

Adrian Coles, director general of the BSA, says: The measures proposed to increase energy efficiency of homes, targeted at pensioners and low income families, are a welcome first step. Given the impact of carbon emissions from households on the environment, which account for over a quarter of UK emissions.

We look forward to a dialogue on how to encourage existing property owners to improve the environmental performance of their homes. This would ensure a real step change in combating climate change.

The BSA has also welcomed new limits to cash Instant Savings Accounts, but thinks more could have been done for savers.

Coles adds: An increase in the annual subscription limit to 3,600 for cash ISAs is good news for savers. The cash ISA has undoubtedly been a success story to date and raising these limits will help build on this. Taking this a step further, the BSA would like to see regular future reviews of limits to prevent erosion by inflation.

There are still further reforms we would like to see on ISAs. It is disappointing that the chancellor has not allowed transfers from stocks and shares ISAs to cash ISAs to be permitted.


Choice is a good thing, including in sub-prime

I read numerous editorials and articles every week from leading figures in the industry, and never fail to be interested in the different points of view ex-pressed in these.

C&G staff blame bosses

Cheltenham & Gloucester intermediary sales managers have begged brokers not to blame them for recent poor service standards, instead placing the blame at the door-step of their employers.

US sub-prime giant is brought low

The New York Stock Exchange delisted ailing mortgage giant New Century Financial Corporation, the second largest funder of sub-prime loans in the US, last week.

George Wimpey launches Property Investor Club

George Wimpey has launched a Property Investor Club in response to growing demand for investment properties. It is open to professional investors and members of the public and will offer exclusive access to new developments before they are put on general release as well as help and guidance on building and managing a property portfolio […]

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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