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Boleat back in loan launch

Former ABI director general and CML founder Mark Boleat is to burst back

on the scene with a new mortgage firm.

Boleat will only reveal that the company will be a business-to-business

operation which will do business online but is not “a dotcom in the

traditional sense”. He admits he is not the main backer of the venture.

Boleat started out at the Building Societies Association in 1974 and rose

to become director general. He left in 1993 to become director general at

the ABI. He was instrumental in the formation of the Association of IFAs.

He left the ABI in 1999. For the past year he has headed his own

consultancy advising trade associations.

Boleat says: “We will be providing a niche product ina niche market. We do

not know when we are launching because we are looking at the market every



&#39Phantom&#39 stakeholder haunts the Government

The Government faces a grilling this week over stakeholder regulationloopholes which IFAs say unscrupulous employers could use to set up phantomstakeholder schemes.Conservative pensions spokeswoman Jacqui Lait will put questions to theGovernment at a stakeholder standing committee on schemes which meet thecurrent regulations but effectively allow employers to shirk theirresponsibilities.The Opposition has been alarmed over a […]

Ritchie claims IPA is little more than marketing concept

Scottish Equitable is claiming the Government&#39s Individual Pension Accountoffers nothing new to consumers and will further complicate stakeholder.Director of pensions development Stewart Ritchie says: “I have no problemwith this technical change to legislation to create a level playing fieldfor providers to compete on the same basis as life offices.“But the Treasury has told me this […]

Affairs of the mart

A new force has hit the retail investment market this year. The principleof the fund supermarket has really hit home. Just five years ago, thethought that a significant number of IFAs and customers would be able andwilling to trade investment funds through an internet platform would havebeen the stuff of science fiction.The basis of any […]

Pru says IFAs are integral to £2m with-profits push

Prudential is making IFAs a central part of its aggress-ivecampaign to grow and dominate the with-profitsbond market.In what it describes as a “landmark decision”, Prudential IntermediaryDivision is spending £2m on a marketing push geared at generatingleads for IFAs on the back of its revamped Prudence bond.The campaign starts this week and will run for three […]


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