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Sesame guide on equity release

Sesame has unveiled a consumer guide to help brokers inform clients about equity release.

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UBS forms special unit to hold US sub-prime assets

Swiss banking giant UBS has formed a special unit to hold its illiquid US real estate assets as it reports writedowns of $19bn from the US sub-prime crisis.In Q1 UBS says it substantially reduced its real estate related positions through both valuation adjustments and significant disposals. It’s also confident that the new unit should it […]

US sub-prime woes a result of ‘getting rich on backs of poor’

John Murray recently met Morris Reid, formerly an aide to US president Bill Clinton and these days a TV pundit with his own public affairs company in Washington DC. They talked about the US primaries and turning around the credit crisis. It wasn’t a confidence-boosting session

On Track

Two members of staff at Kensington Mortgages’ head office in Reading dusted down their Oyster cards to take part in a sponsored Tubeathon recently to raise money for Sports Relief.

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Pension Wise — now taking calls…

Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.

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