Packager All Types of Mortgages is expanding its operation with the creation of further jobs.AToM is looking to recruit and expand its workforce by just under 20 per cent to ensure continued growth and development due to a number of business initiatives and its focus on service standards. This will boost staff to over 70. The expansion comes at a time when the packager market is coming increasingly under threat from lenders which are coming to the market with more and more direct-to-broker offerings and with many packager panels being culled. Yet while many high-profile figures such as Edeus chief executive Michael Bolton have criticised the majority of the market, other such as The Mortgage Business managing director Nigel Payne are supporting distributors. AToM survived the axing of 36 packagers by Sesame after the network reduced its panel from 53 to 17 members. Managing director Richard Hearn says: “It gives me great pleasure to be in the situation where we are able to recruit more staff at a time when other companies are making job losses. We are excited about taking on board more staff in order to help drive our business forward.”
The European Court of Justice has said the Pension Protection Fund is inadequate and should provide full protection to those who lose some or all of their occupational pensions. ECJ advocate general Dr Juliane Kokott says the EU requirement is for full protection to be offered to workers, meaning the PPF may have to be […]
Alison O’Connell is stepping down as director of the Pensions Policy Institute to research retirement and pension policy on a freelance basis. She remains a governor of the PPI. Niki Cleal, who had been secon-ded to HBOS, replaces O’Connell as director.
Bates Millfield has lost its berth on the BBC’s panel of preferred financial advisers. The corporate contract gave the BBC’s 18,000 staff access to Bates Millfield advisers. It is thought that the BBC dropped the firm due to recent concerns, including potential upheaval over the company’s integration into The Money Portal group. Bates Millfield says […]
Last week saw one of the highlights of the protection industry’s calendar, both professionally and also socially, if the aftermath at London nightclub Tiger Tiger was anything to go by.
The Pensions and Benefits UK Conference takes place this week, where Jelf will have a stand.
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
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The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]