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Abbey National appoints Mark Stephens as head of commercial mortgages

Mark Stephens has been appointed as head of commercial mortgages at Abbey National, replacing Jeff Watson. Stephens has been at Abbey since 2002 and has previously headed up the business development side of the commercial mortgage business. Director of Abbey National business Gary Hockey-Morley says: "Jeff has helped to establish the commercial mortgage arm as a serious player in the market, but I’m delighted that Mark can pick up the reins where Jeff left off and continue to drive the business forward."

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RLAM&#39s Phillips becomes Swip chief

Scottish Widows Investment Partnership has appointed Chris Phillips, chief executive at Royal London Asset Management, as successor to Bill Main who retires later this year. Phillips will take over from chief executive Main in December after three years with RLAM, where he helped build the business through the integration of the investment arms of United […]

Money Marketing feels

Money Marketing feels that a recent report in The Scotsman&#39s business section is a little harsh on Standard Life. “Standard Life roadshow leaves Scots short-changed,” rages the front-page headline, above a story about how Europe&#39s biggest mutual has placed Caledonian venues at the end of a roadshow for disgruntled policyholders to air their views. “Scots […]

Pru pushed IFA aside to &#39advise&#39 pension client

A (now former) client of mine rang Prudential for an enhanced ill-health annuity quote for his vesting retirement annuity plan, for which I am the servicing IFA. Rather than just receive a quote, he was instead steered towards Pru&#39s Belfast-based “advice team”, which proceeded to persuade him that what it had done for him constituted […]

Building Societies put in strong performance in 2002/2003

Building Societies have performed strongly in 2002/2003, increasing its assets by more than 12 per cent, according to the latest KPMG Building Societies database. The report shows total assets now stand at £193.6bn up from around £173bn. Building Society Association director-general Adrian Coles says: “KMPG&#39s Building Societies Database shows that the sector is continuing to […]

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