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Support for anti-HIP campaign is growing

The campaign to scupper the nationwide introduction of Home Information Packs in June gained momentum last week when it became one of the most popular petitions to appear on Prime Minister Tony Blair’s website.

The petition has now garnered 4,513 signatures in less than two weeks and as Mortgage Strategy went to press was ranked the 16th most popular petition out of nearly 2,278.

Charles Smailes, president of the National Association of Estate Agents, argues that the campaign has added weight because the 4,513 signatures are not exclusively made up of estate agents.

But he would not give details about individuals who had signed it.

Mike Ockenden, director-general of the Association of Home Information Pack Providers, says there are over 20,000 estate agents in the country and 4,513 is not representative.

He also speculates that estate agents could be getting their staff to sign the petition to boost numbers.


FSA fines GE Capital Bank for not treating customers fairly

The Financial Services Authority has fined GE Capital Bank £610,000 for failing to sell payment protection insurance properly and for failing to treat its customers fairly. The regulator found that the lender failed to have the adequate systems and controls for selling insurance which including PPI.GECB’s main business is providing credit finance through store cards, […]

Harry Potter boosts property sales

The popularity of the Harry Potter films has been driving house sales and boosting the economy in Alnwick, the location of the Hogwarts set. The small Northumberland town was first made famous by the Harry Potter film The Philosopher’s Stone in 2001 when it played host to Hogwarts, the famous school for witchcraft and wizardry […]

PACKAGING SUMMIT 2007: PMPA slams lenders

The Professional Mortgage Packager’s Alliance has attacked lenders who have failed to deliver in terms of technology links at Mortgage Strategy’s Mortgage Packager’s Summit.One sweeping rumour was that PMPA was referring to edeus – although this has been flatly denied.O’Brien says: “Some companies have been very tight lipped concerning their dealings with packagers. If they […]

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England vs Australia: pensions

Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.


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