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Brokers raise £20k for schools charity

Mike Carpenter and Stephen Rees from Manchester-based independent financial advisors Carpenter, Rees Jackson, together with six friends, have completed a 480 mile cycle ride from Blackpool to Paris, raising over £20,000, in aid of Congleton, Cheshire charity schools for Gambia.

The two towers tour , which started from Blackpool Tower, concluded with a photograph under the Eiffel Tower followed by a celebratory

champagne dinner. The ride lasted six days in June, with the cyclists averaging 80 miles per day. Schools for Gambia founder, Mae Winterton,

received a cheque for over £20,000 from the eight cyclists at a ceremony at the Swettenham Arms, Swettenham, Cheshire, on Saturday, September 25 at 6.00 p.m.

Sore but satisfied cyclist Stephen Rees, says: “We were determined to help Schools for Gambia because not only is it a worthwhile cause but

also because none of the funds raised goes in administration costs. We all often think of doing something to help others but Mae actually did,

and we are delighted to support her.

“The highlight of the ride was the finish and the knowledge that we had achieved more than twice our original target of £10,000. But the real

satisfaction comes in knowing how important this money is to Schools for Gambia and the significant difference it can make to the life-chances of the children.”


Two-thirds of sub-prime market up for grabs

Packagers are still uncertain about whether they need to be authorised or not after the FSA sent out a series of mixed messages. Mortgage Strategy revealed last week that a letter to Kate Main, senior policy adviser at the Council of Mortgage Lenders, from the FSA indicated packagers would have to be authorised come October […]

Moneynet suspends mortgage brokers

The move comes as concern grows for thousands of home buyers who could lose out on their property transactions as the Mortgage Day deadline looms. The initiative by Moneynet – which has itself won full FSA approval to arrange regulated mortgage contracts – reflects concerns that many UK brokers will not be compliant under the watchdog&#39s […]

House prices down for third consecutive month

The survey reports a 0.3% fall in average national house prices which means that over the past seven months house price inflation has steadily reduced from a peak of 0.9% growth in February. The survey says excess supply of properties in the market has increased sharply this month with the number of buyers registered with […]

FSCS extends protection

The FSCS is the UK&#39s statutory fund of last resort for customers of financial services firms. This means that FSCS can pay compensation to consumers if a financial services firm is unable, or likely to be unable, to pay claims against it. This will usually be because it is insolvent. FSCS is an independent body, […]

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Infographic — health cash plans 2014

Health Shield has strengthened its position in the cash plan market, according to the latest Laing & Buisson report, increasing its market share by income from £27m in 2012 to £29m in 2013. The Health Cover UK Market Report 2014 revealed that the non-profit-making Friendly Society was the only provider in the top four to have increased its market share by income over the past year. Health Shield was also the only cash plan provider in the top four to have increased its market share by income every year for the previous five years. This infographic presents the figures.


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