View more on these topics

CHL Mortgages to cut up to 50 jobs

CHL Mortgages has announced it will be cutting up to 50 of its 250-strong workforce.

It says the move reflects the company’s plans to slow mortgage growth in the current year while focusing on credit quality and margins.

Managing director Bob Young says: “Unfortunately this move will have consequences for staff numbers in the business. We have briefed staff on the impact which we believe will lead to a reduction in headcount of approximately 50 people.”

Recommended

Emerging wisdom

When asked to write an article on emerging markets, I was in a quandary. Did the commissioner of the article really want a commentary on the risks and rewards of investing in higher risk markets? If so, I am not sure I should be concentrating on emerging markets.

Pearl submits revised application for Resolution acquisition to FSA

Pearl has submitted its revised change of control application for the acquisition of Resolution to the FSA.The delay to the deal occurred because Pearl needed further detailed and updated information on Resolution’s financial position in light of the recent market volatility.The 720p per Resolution share deal was originally due to be completed in February but […]

Government could transform equity release

The Government needs to take a positive stance to equity release to transform the market, says the Council of Mortgage Lenders.It says its new research shows the market for equity release has been affected by the Government’s view that it has limited relevance as it cannot help the poorest people.The report says that negative coverage […]

Abe and Modi

India: Modi, reform and the oil price fall

Nearly 12 months since sweeping to power, prime minister Narendra Modi has overseen a significant turnaround in India, which is now on track to become one of the most pro-growth, pro-investment economies in Asia. While the market has rallied 48 per cent over the last year in response to Modi’s reform agenda, what is the potential for further progress?

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com