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Bradford & Bingley slashes in-house adviser team to 40

Bradford & Bingley has cut its in-house mortgage adviser team by around 100 to 40.

A spokeswoman for the lender says the decision was not taken lightly, but as a prudent business it has to ensure it has the right resource in the right place.

“We have found that an increasing number of customers prefer to deal with advisers on the telephone. In areas where demand for face to face mortgage advice is low, and we can’t sustain the branch having a dedicated branch-based mortgage adviser, another mortgage adviser will either cover the branch or the customer will be referred to one of our experienced telephony mortgage advisers.

She adds:”We are confident that we will continue to provide our retail customers with the high level of service they require. For those advisers affected, we do hope to find as many as possible alternative roles within the Group.”


Product matters – Control at a price

The concept underlying Aegon Scottish Equitable’s investment control product is not unreasonable – it is an investment plan that provides some guarantees and certainty.

Show me the money – earnings are central to performance in Europe

Equity markets globally currently remain vulnerable to sharp shifts in sentiment caused by either unexpected or unwelcome outcomes in key upcoming political events (the US and German elections, Brexit and the Italian referendum). These top-down influences, combined with the current low global growth environment, will likely lead to broadly directionless markets, and prolong the current low beta return environment. We do, though, […]


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