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Beacon signs up to Trigold’s sourcing systems

Trigold has announced that Beacon Homeloans is the latest lender to support its Enhanced Non Conforming sourcing module.

Beacon joins other non-conforming providers that Trigold says accounts for over 95 per cent of the market in supporting ENC.

Tirgold chief executive Bill Safran says: “Beacon is leading a new generation of lenders that have re-written the rules surrounding mortgage distribution. Part of this proposition is the ability to react quickly to new product niches with fast and effective product development.

“It is therefore crucial that the speed of development is matched by the sourcing system that sits at the heart of a brokers’ sales process. We have worked closely with the team at Beacon to ensure that they system accurately highlights the competitiveness of the products across the range.”


China in your hands

The best performing purely Chinese fund over the past year is Neptune China run by the brilliant Robin Geffen. To August 1, 2006, the fund rose by 25.3 per cent against an average of only 6.3 per cent in the Asia Pacific excluding Japan sector.

Singing the blues

After HBOS was likened to the Chelsea FC of the mortgage market, Guy Anker questions whether its dominance is detrimental to borrowers and if any lenders are capable of putting up a challenge

Foresters fined for promotion failings

The FSA has fined The Ancient Order of Foresters Friendly Society 55,000 for financial promotion failings. The firm is run by Financial Services Practitioner Panel chairman Mark Rothery.


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