Portman Building Society
It was announced last week, that if you were a member of the Portman Building Society on the date that they announced a potential merger with Nationwide Building Society, then you maybe eligible for a windfall.
The likely windfall is expected to be somewhere between £200 & £1,000.
The Portman members will vote on the 23 April as to whether or not to approve the society’s proposed merger.
Johnny
Monday, March 12, 2007
The Equitable Life debacle nearing an end?
Don’t bank on it!
Leaked detail from Ann Abraham’s report, which is expected in the summer (hmmm, of 2007), is suggesting that there might possibly be compensation for members of the suffering With Profit’s fund.
The report has previously been delayed twice and it has taken nearly 3 years to compile. Details surfaced last October that vital information was missing from the evidence given to the government.
It is also suggested that the Treasury, the FSA and the FOS have all been criticised in this investigation and the report will highlight this.
The report is due early summer and whether or not this will pave the way for members to become eligible for compensation isn’t yet clear, but in my opinion, it’s still a very long way from being resolved, if at all.
Johnny
Don’t bank on it!
Leaked detail from Ann Abraham’s report, which is expected in the summer (hmmm, of 2007), is suggesting that there might possibly be compensation for members of the suffering With Profit’s fund.
The report has previously been delayed twice and it has taken nearly 3 years to compile. Details surfaced last October that vital information was missing from the evidence given to the government.
It is also suggested that the Treasury, the FSA and the FOS have all been criticised in this investigation and the report will highlight this.
The report is due early summer and whether or not this will pave the way for members to become eligible for compensation isn’t yet clear, but in my opinion, it’s still a very long way from being resolved, if at all.
Johnny
Thursday, March 08, 2007
Rates Unchanged
It’s what we predicted and pretty much everybody else out there!
However, we still believe that there will be a further rise this year.
According to the Office of National Statistics, inflation has fallen from an eleven year high of 3.00% to 2.70% and although that is positive news, it’s still way over the 2.00% target!
Nationwide suggest that house prices are waning, however, house prices are still growing at 10.2% apparently.
Outlook moving forward? Well, it would be worthwhile having a read of Paul Stevens thoughts from the last quarter to give some indication toward the markets, as he thought that there might be a slow down this year.
http://www.1stportasset.com/pdf/quarterly_review_december_2006.pdf
It’s what we predicted and pretty much everybody else out there!
However, we still believe that there will be a further rise this year.
According to the Office of National Statistics, inflation has fallen from an eleven year high of 3.00% to 2.70% and although that is positive news, it’s still way over the 2.00% target!
Nationwide suggest that house prices are waning, however, house prices are still growing at 10.2% apparently.
Outlook moving forward? Well, it would be worthwhile having a read of Paul Stevens thoughts from the last quarter to give some indication toward the markets, as he thought that there might be a slow down this year.
http://www.1stportasset.com/pdf/quarterly_review_december_2006.pdf
Johnny
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