View more on these topics

Bankhall&#39s Point One merges with Pru Mortgage Club

Bankhall has announced it is bringing Prudential&#39s mortgage club
into its fold merging it with its own mortgage offering Point One.

The deal sees Prudential Mortgage Services, long tipped to be up for
sale, integrating with Point One resulting in a combined membership
base upwards of 15,000 advisers.

Access to PMS will not be restricted to only regulated IFAs but will be
made available to the entire market leading up to the onset of
regulation of mortgages in October.

PMS manager John Malone, rumoured to be approaching retirement,
has decided to stay on and continue to head the business.

Neither party would reveal terms of the deal.

Bankhall joint chief executive Paul Hogarth says: “We see this union
as being of symbiotic benefit to both parties. From a Bankhall
perspective the bringing together of the two businesses represents a
key strand in our corporate objective of dominance in the mortgage
adviser support arena.”

Prudential UK director of distribution Nick Smith says: “Our decision
to divest ourselves of Premier Mortgage Services was a strategic
one, based on the significant changes that will impact the mortgage
advice market in 2004.”


Call-centre chaos is going to get worse

So Direct Line Life & Pensions is thinking about following a long line of competitors who have relocated their UK call centres to India.Everyone, but everyone seems to have a nightmare story to tell about their dealings with call-centre staff in this country. The average IFA will probably bore you silly with a series of […]

Abbey launches two new structured plans

Abbey is launching two structured products offering investors growth with full protection. The protected growth plan will return 100 per cent of any growth in the FTSE 100 over five and a half years, no matter how far the index falls. If the plan is up at least 30 per cent at the end of […]

FSA thwarts cherrypicking with new data rules for ads

The FSA is imposing rules to standardise the presentation of fund data in a bid to prevent groups cherrypicking favourable time periods when displaying past performance in advertising.The rules, which were exclusively revealed in their proposed form in Money Marketing last March, insist that past performance is accompanied by a table showing five-year discrete annual […]

Derbyshire launches 5 year fix at 4.80 per cent

Derbyshire Building Society has launched three new five year fixed rate mortgages. The new products are only available direct. The first, at 4.80 per cent, is for loans up to 80 per cent loan to value.Also available is a mortgage at 5.00 per cent from 81-90 per cent loan to value, and one at 5.20 […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm