John Charcol is looking at offering mortgages via affinity partnerships with football clubs.The broker believes that many football supporters are getting a poor deal with poor affinity deals on other financial services products such as credit cards and general insurance when products are sold direct and it believes that a broking service would offer better value for fans. However, Hamptons International Mortgages is unconvinced that such a deal would work because it believes that profit margins would be low and it also considers that the bigger clubs would be likely to favour a direct lender because of the higher margins that could be achieved. Charcol head of communications Drew Wotherspoon says: “We will look at football clubs due to the inherent goodwill that is associated with them. “Many clubs are happy to have financial institutions associated with them but some are not the best deals around. However, there is little when it comes to mortgages. With a service such as ours, they would be able to offer supporters the best deal on the market.” Hamptons managing director Kevin Duffy says: “It may work with smaller, provincial clubs. It is a big-sounding idea but profit is likely to be low so I am not sure that clubs will go for it.”
Skandia Investment Management has launched a UK best ideas fund, the second in its best ideas range.
Autumn is the time of year when we have the opportunity to attend events focused on issues relevant to our business.
Apollo VCT 1 and 2
HSBC Bank International
Bric Growth Fund – CSGF October 2006
Paul Casson, the manager of the Artemis Pan-European Absolute Return Fund, expects to benefit from a (patchy) recovery in Europe and more profit warnings in 2016.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
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 […]