UK: ECONOMY TO REMAIN STRONG

Article Abstract:

The UK will see a slowdown in GDP below its trend rate of 2.5%, according to investment bank Singer & Friedlander. However, there will be above average trend growth in 2002. Market confidence has been negatively affected by companies' financial difficulties, but retail sales continue to expand rapidly. In the US, monetary and fiscal policy is set to boost economic expansion rates in 2002 to the levels achieved in 2000. In Europe, economic indicators continue to suggest a recession.

Gross National Product

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Willis National aims to buy 100-strong IFA

Article Abstract:

Willis National, one of the leading UK independent financial advisers (IFA) is looking to acquire an IFA employing up to 100 consultants, following the recent take-over of parent company Willis Corroon by wealthy US Kohlberg Kravis Roberts (KKR). According to Jeremy Budden, the chief executive of Willis National, the joint venture between Willis Corroon and Abbey National, KKR has indicated that it will support any proposals put forward including acquisition plans.

Comment:

One of leading UK independent financial advisers looks to acquire an IFA employing up to 100 consultants

Strategy & planning, Investment Advisory Services, Investment Advice, Investment advisers, Article, Willis National

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UK: Lenders offer nonsensical mortgage rates

Article Abstract:

Mortgage lenders are offering nonsensical rates to attract customers in the wake of the terrorist attacks in the US, says Eddie Smith, director of business development for specialist lender, Verso, owned by Britannia. Verso is offering a one year tie-in on a self-cert discounted rate of 3.98% until October 2002.

Product quality, Prime Interest Rate

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