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Dunfermline fails to quash bailout rumours

Jim Willens, chief executive of Dunfermline says the society will not be making any comment on speculation that it’s seeking a bailout after reported losses of up to £26m.

A message on the society’s website this morning says: “The articles are speculative. Our results are due out in the next two weeks, and we will not comment on them until that time. Meanwhile, our focus remains as always on looking after our members. Thank you for your continued support.”

The society made a £2m profit in 2007 but it is understood the Financial Services Authority has been forced to step in and try and find a buyer after heavy losses.

A number of societies are believed to have been approached by the regulator but no deal has yet to be done.


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.

Tall order

Pink isn’t the only one that has been raising money for a good cause. Wriglesworth and his merry crew of PR gurus have teamed up to complete Vertical Rush in aid of Shelter and have raised £1,000 so far.

Lettings boost from unsellables

Would-be sellers continued to flood the rental market with unsellable properties at the end of last year, research from the Royal Institution of Chartered Surveyors reveals.The RICS Q4 2008 residential lettings survey shows that the num-ber of surveyors reporting a rise in rents went from -12% to -48% bet-ween Q3 and Q4 last year.Q4’s net […]

‘How to…audit your auto-enrolment scheme compliance’

Avoid pension penalties with our auto-enrolment checklist

According to the Pensions Regulator’s annual commentary and analysis report released this month, 785 potential non-compliance cases were referred for investigation, with 23 auto-enrolment compliance notices issued. And they predict that the use of their statutory powers is only going to increase.


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