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Carby made Openwork chief

Foster Denovo founding executive chairman Keith Carby has been confirmed as new chief executive of Openwork, replacing Stephen Leaman.

Carby starts on October 15 and speculation is mounting that he has been brought in to oversee Openwork’s flotation.

Carby, who was managing director of Allied Dunbar, has also been chairman and chief executive of Inter-Alliance, where he negotiated its mer-ger with Millfield. He was later a director of the Tenet Group, coordinating the acquisition of Berkeley Independent Advisers network.

Carby says: “This is an exciting time in the distribution marketplace and with Zurich’s commitment to seeing Openwork as a free-standing business, the potential is enormous. I am really looking forward to helping complete the business mission Stephen and his colleagues have so ably developed.”


Mortgages Plc suspends all heavy and unlimited adverse business

Mortgages Plc has suspended all of its heavy and unlimited adverse products in its latest criteria change.It has also announced that it will be reducing maximum loan to value on its medium adverse range from 85 per cent to 80 per cent. Its light adverse range maximum LTV will decrease to 85 per cent from […]

Origo draws up mortgage standard schedule

Origo has set out a timeline for mortgage standards to be in place by the second quarter of next year.It says its mortgage governance group is committed to delivering standards for full mortgage application, mortgage tracking and product data by next summer.The standards will complete coverage for the mortgage sales process for mover, remortgage and […]

Consumer panel calls for focused with-profits advice

The Financial Services Consumer Panel is calling on the FSA to introduce a limited advice service for with-profits policyholders to be provided through specialist individual firms and trade bodies.The FSCP has released a report on the 8 million with-profits customers who cannot get independent advice on their policies because their funds are too small to […]

Craig Inches – thoughts on how to preserve capital and generate income in an inflationary environment

In this short video, Craig Inches, head of short rates and cash at Royal London Asset Management, offers his thoughts on how to preserve capital and generate income in an inflationary environment. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well […]


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