BM Solutions is calling on the mortgage market to follow Asda’s example of paying for rejected credit card applicants to have their credit history checked.The HBOS-owned lender claims the move could help generate customer loyalty and can also aid the fight against identity theft and fraud given customers can view all mortgage, loan and credit card applications made in their name. Several brokers welcome the sentiment but believe any initiative in the intermediary market could only be carried out by packagers because of Data Protection Act restrictions. BM Solutions spokeswoman Carla Lavender says: “It is important for providers to encourage people to keep an active look at their credit history. Credit is an important issue for our customers, particularly in the sub-prime market. Brokers could also do their bit by helping explain customers’ credit history to them.” John Charcol technical director Ray Boulger says: “If we could do it, we would but lenders are not allowed to tell us clients’ credit details.”
Henderson Global Investors has appointed Jenna Barnard as co-fund manager for the Henderson preference and bond fund and the Henderson strategic high yield bond fund.Barnard has been working with John Pattulo on the funds as deputy portfolio manager since 2003, having joined as a credit analyst in 2002, focusing on investment grade and high yield […]
IFA Promotion is issuing a factsheet through its website explaining key facts disclosure documents to consumers.The sheet explains how consumers can use the mandatory information covered in the two documents – About our Services and About the cost of our services. It clarifies the status of financial advisers and looks at how consumers can use […]
HSBC Investments has mer- ged its three core UK equ- ity funds to create the 15th-biggest UK all companies portfolio. The company’s 413m British fund, 157m household names fund and the 518m growth and income funds, which are all run by Bob Morris, are being merged to create a flagship 1.15bn growth and income fund. […]
Over 80 per cent of customers do not want their financial service products serviced by an overseas call centre, according to research from Alliance and Leicester. Worries about the safety of personal information and problems with communication are the chief concerns.
Last week was Adult Learner’s Week, a celebration of lifelong learning and continued education. But why should education stop after school?
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]