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Brokers urged to pick up on packs

Brokers should start making plans for the arrival of home information packs and should not see them as a threat to their business,says United Group.

United, owner of eConveyancer and United Surveyors is encouraging mortgage brokers to embrace Hips prior to full launch in 2007.

Sales director Alan Dring believes that brokers must ensure they have the ability to capitalise on the commercial opportunities that the packs will generate which may include creating relationships with local estate agents as well as Hip providers.

Concern has been expressed that brokers could be sidelined by Hip providers, who could offer clients a mortgage proposition at the same time as arranging a pack. The Association of Mortgage Intermediaries has recently urged mortgage brokers to consider how Hips will fit into their businesses and Ami director general Chris Cummings says he has “serious concerns about the implications of Hips”.

Econveyancer will be offering its own Hip proposition to brokers in the first part of 2006.

Dring says : “I know from anecdotal feedback from brokers that Hips are not yet on their radar screens. I enc- ourage brokers to start thinking in strategic terms about the ways in which they can build a Hip service into their current proposition as soon as possible.”


Axa bringing Sipp admin in house as it revamps plan

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Tax differences could halt single Euro market

Tax differences between member states mean it will be very difficult to achieve a single retail financial services market in Europe, says FSA chairman Callum McCarthy. McCarthy told the Treasury select committee last week that having to integrate each individual state’s tax regime will be a huge obstacle to overcome and may never happen. He […]

Title fight

Arguably, the Insti-tute of Financial Planning’s threat of legal action over the Chartered Insurance Institute’s qualification, whose potential acronym is CFP, is splitting advisers at a time when many would hope to see a united front in the push towards greater professionalism. The IFP claims the CII’s decision to launch its chartered financial planner qualification […]

Widows for Thinc panel

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