Prudential picks up state-owned loans in £12bn auction

More than 12billion of retirement savings must be found a new home after the Prudential announced it is ditching 50 major pension funds. Employees at household names such as Babcock.

This news is good if you’re a homeowner. Not so if you’re planning on buying What You Need to Know About HOA Fees. One of the major attractions to living in a planned development or gated community is the convenience and amenities it affords the home owner.

 · Total portfolio of £13bn includes £12bn of loans within the granite securitisation vehicle, plus a further £1bn of non-granite assets. proceeds include a c£280m premium over book value at 30 June 2015 and delivers value for money for the taxpayer.

The government has taken a step towards ending its legacy of nationalised banks with the sale of almost £12 billion of former Bradford & Bingley loans to the private sector. of mainly buy-to-let.

Birmingham leads way in Midlands high risers house price growth in the West Midlands is rising faster than anywhere else in Britain as cities such as Birmingham experience a boom in their property market, according to Britain’s biggest.

The UK government said it has raised 11.8 billion in a deal to sell a book of mortgages to the Prudential, and funds managed by Blackstone Group. The loans have their origins in failed lender Bradford & Bingley, which was nationalised in September 2008, when the government took control of the mortgages.

To make up for the 13% yoy growth in total expenditure and Rs9,000 crore shortage in net tax revenue, revenue from economic activities, particularly telecom auctions and other non-tax revenue targets have been raised higher. Non-tax revenue is estimated to be 18% of the total revenue composition, Rs32,000 crore higher than interim Budget numbers.

Virginia Dem: GOP Government ‘Dangerous to All Living Creatures,’ Especially Federal Workers The unexpected mayhem in Congress, which briefly resulted in the revocation of Pelosi’s speaking privileges on the House floor, left commentators and lawmakers stunned. The final resolution passed by a vote of 240-187. All Democrats voted yea, with a handful of Republicans joining them: Reps. Brian Fitzpatrick, Will Hurd, Fred Upton and Susan Brooks.

Cleveland fans.HF to cut house loan size in bid to double its lending uptake The average mortgage loan size stood at Sh10.9 million Sh9.1 million in 2016, which is well above the reach of the average Kenyan.

FTAdviser.com is an all-encompassing website dedicated to the financial intermediary market covering investments, mortgages, pensions, insurance, regulation and other key issues shaping the industry

Shares in insurance giants Prudential and Standard Life are down on concerns their exposure to the global downturn could lead to capital raising moved but analysts say the sector is more resilient.

 · The decline was mainly caused by the 77.8% decline in fees and commissions on loans to Kshs 0.6 bn from Kshs 2.6 bn in FY’2017, which management attributed to the implementation of the effective interest rate (eir) model under IFRS 9, which requires banks to amortize the fees and commissions on loans, throughout the tenor of a loan.