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Towergate may be on the prowl for John Charcol

Towergate is rumoured to be looking to buy mortgage brokerage John Charcol.

The insurance giant is believed to have pinpointed the brokerage as a potential acquisition target.

It was reported at the start of 2008 that the brokerage was up for sale with a £50m price tag.

It was bought by Bradford & Bingley in 2000 and then sold to a management-led consortium, backed by original founders John Garfield and Charles Wishart, in December 2004.

In the past, Towergate has made no secret of its desire to expand its IFA network and it raised over £100m in 2008 to pursue regional companies.

Neither Towergate or John Charcol could comment on the sale rumours.


Igroup broadens scope of products by cutting some reversionary rates

Igroup has boosted the adverse sector by cutting some of its reversionary rates by up to 2.49%. The GE Money Home Lending-owned lender’s reversionary rate is similar to other lenders’ SVR, but instead of being standardised across its range, it differs according to the type of product and rate. Igroup’s reversionary rate was the second […]

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.


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