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Cheers and fears

The economic climate didn’t hinder the mortgage industry’s ability to celebrate St Patrick’s Day last week. Mole hears that the great and the good of the mortgage industry, Irish or not, gathered in Mulligan’s of Mayfair to celebrate with a few pints of Guinness.

Mole suspects the visit to the bar could have been more to do with rumblings in the press that the Turner Report due out the following day was set to limit LTVs and ban 100% mortgages. Luckily it hasn’t happened, but if it ever does, it would surely make every day a lovely day for a pint or three of Guinness.


I’ll drink to Klaus but fear the worst

Lord Adair Turner’s tone following the publication of his 122-page missive on how to save the UK banking system from a second financial Armageddon (assuming we survive the first), is reminiscent of a previous holder of his office at the Financial Service Authority.I’m thinking of former FSA chairman Sir Howard Davis who savoured the intellectual […]

Tony Ward calls for high LTV guarantees

Tony Ward, chief executive of Home Funding, is calling on the government to attach guarantees to all UK mortgage lending between 75% and 95% LTVs.

Miles succeeds Blanchflower on MPC

David Miles is set to take over from David Blanchflower as an external member of the Monetary Policy Committee.

Value for money in DC pensions

The Pension Policy Institute (PPI)’s recent report “Value for money in DC pensions” tries to identify factors by which people can assess whether their pension offers fair value for money (VFM). Fiona Tait provides an overview of the findings. Positive Outcomes It is extremely hard to assess VFM in a pension. Press activity naturally focuses […]


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