View more on these topics

AMG Newcastle celebrates 10-year anniversary

The Newcastle office of the Asset Management Group is celebrating its tenth anniversary.

Established in 1999 with a staff of just five, the office now has a staff of over 30 and is working with a number of lenders to provide asset management services.

Steve Gomersall, operations manager at AMG Newcastle, says:“AMG expanded its operation to Newcastle when many others firms in the sector were vanishing which made it difficult for many clients.

“We felt that our focus on asset management was a robust long-term business model which has been proven to be true. We have built up a tremendous amount of loyalty from our clients as we maintained our proposition when others lost interest in the asset management sector and walked away. We’re very proud to have reached our ten year anniversary and I’d like to thank our clients and all of the staff.”


Retail Prices Index hits zero

Annual inflation measured by the Retail Prices Index, which includes housing costs such as mortgage interest payments and council tax – slowed to 0% in February, down from 0.1% in January.

Market watch 23.03.09

Swaps had a mixed week. At the beginning of the week they surged before settling back slightly. Shorter-term money edged lower than the previous week whereas longer-term rates increased. Three-month LIBOR is now 1.81%.
1-year money is down 0.07% at 1.71%
2-year money is up 0.01% at 2.21%
3-year money is up 0.06% at 2.52%
5-year money is up 0.07% at 3%

Sales jump for mortgage protection insurance

Helpucover says it has seen a 69% increase in the rate of sales for its income protection and mortgage payment protection insurance products in the first two months of 2009 compared with the second half of 2008.


News and expert analysis straight to your inbox

Sign up