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Policy director for the OFT

The Office of Fair Trading has appointed Jonathan May to the post of executive director of policy and strategy.

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New service launches to help debt burdened Brits

The Regional Money Helpline has launched as a telephone and web-based advisory service designed to help UK consumers get to grips with the nation’s alarming £1.3 trillion mountain of debt. The South Yorkshire-based national consumer helpline launched Monday November 13 2006, with a national call centre and a new software system called the Personal Money […]

Pundits slam high income multiple deals as deadly

Industry pundits have slammed high income multiples on variable and long-term fixed rates as “dangerous” and “deadly”.Speaking at the Mortgage Business Expo in London, economist John Wriglesworth called for a ban on high income multiple variable rate products.He warns that variable rate options pose a dangerous and unacceptable risk to consumers.Wriglesworth says: “Variable rates with […]

HCRs could still be a part of HIPs

HCRs were removed as a compulsory component of HIPs in July by the government due to spiralling costs and a lack of backing from the industry. But eConveyancer warns that they could still be included.Alan Dring, sales director of eConveyancer, says: “There is still a chance that HCRs will be included in the packs. At […]

Mform taps into online mortgages

mortgage price comparison website mform has been launched to tap into the growing numbers of mortgages completed online. The company says that £10bn worth of mortgages will be taken out over the internet this year and estimates that 8.9% of home loans are taken out through this channel. Mform allows consumers to type in their […]

Seeking quality in uncertain markets

By Ewan McAlpine, Senior Client Portfolio Manager In uncertain times, investors naturally seek safety. But in fixed income markets, what does that really mean? Ewan McAlpine outlines the approach RLAM’s Fixed Income Team will be adopting across its credit funds in response to potentially volatile markets this year. Click here for full article

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