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News

Mortgages

FSA fines Northern Irish mortgage firm for fraud

The FSA has fined County Down mortgage intermediary Case Funding Centre (CFC) £35,000 for failures which led to at least 16 fraudulent mortgage applications being submitted to lenders.

clock 07 January 2010 •

Property Investment

New Star UK Property makes first acquisition in two years

New Star's £741m UK Property fund has made its first purchase in over two years, a £10.5m retail unit in Chichester.

clock 07 January 2010 •

Wrap/platforms

Transact posts strong profits ahead of float

Transact has posted bumper profits and increased its dividend ahead of the platform's planned flotation.

clock 07 January 2010 •

Your profession

BoE holds interest rates at 0.5%

Interest rates have been held at 0.5% for the eleventh consecutive month today.

clock 07 January 2010 •

Offshore Investment

Merchant Investors offers offshore bond

Merchant Investors (MI) has partnered with Royal London 360° to offer its first offshore bond.

clock 07 January 2010 •

RDR

PFS in 'alternative' assessment warning for advisers

Advisers are being warned ‘alternative' assessment methods proposed by the FSA as a different route to QCF level four will be just as rigorous as written exams.

clock 07 January 2010 •

Mortgages

House prices rise again but outlook flat - Halifax

UK house prices climbed 1% in December compared with the previous month, marking the sixth consecutive month-on-month increase, according to the Halifax.

clock 07 January 2010 •

Economics / Markets

Morning Markets: FTSE falls on miner losses

Miners are pulling down London's main index in early trading, offsetting strong demand for supermarket groups.

clock 07 January 2010 •

Your profession

RBS purchase of ABN AMRO makes 'worst deal' shortlist - papers

Jerry Levin, who sold Time Warner to AOL, has described the $124bn deal as the 'worst of the century', but it's a crown for which there is plenty of competition, the Telegraph writes.

clock 07 January 2010 •

Investment

Mike Webb named CEO of Rathbones unit trust business

Former Invesco Perpetual CEO Mike Webb will take over as chief executive of Rathbone Unit Trust Management, replacing Peter Pearson Lund.

clock 07 January 2010 •
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