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‘Clumsy and ineffective’ home packs would be axed

Home information packs would be scrapped by a Tory Government.

Shadow housing minister Grant Shapps told the Conservative conference in Blackpool this week that Hips were clumsy and ineffective and that ministers had ignored warnings from the industry about the packs.

The Mortgage Practitioner sole practitioner Danny Lovey says the Conservatives are not saying that the industry should go back to stage one but that there are clearly better ways of speeding up the housebuying process than Hips.

Lovey says: “I think the Tories will look to the Law Society’s transaction protocol as a proposition that would work so much better.

“I have every confidence that the Conservatives would work and engage the market in order to find out what would be the best way going forward.”

He says the key thing that needs to be decided is to work out at what stage of the housebuying process the energy performance certificate should be done.


ABI warns state should not subsidise personal accounts

The Association of British Insurers says personal accounts could damage existing provision and has warned the Government against any form of state subsidy.At an ABI fringe event at the Labour conference, director of life and savings Maggie Craig said three issues must be resolved – ensuring no state subsidy, keeping the scheme targeted at people […]


NU goes back to drawing board on protection range

Norwich Union is undergoing a complete redesign of its protection range in a bid to meet consumer needs.The firm is also researching a protection product which, for around a 3 per cent extra premium, is guaranteed to pay out.NU will begin its protection overhaul in October with around 70 interviews with consumers and advisers aimed […]

Timberlake leaves in Standard shake-up

Standard Life head of media relations for life and pensions Peter Timberlake has left the firm after an internal restructure which meant his role was merged with another. Former head of corporate affairs for Standard Life Healthcare Paul Lynes takes on the newly created role of head of media and public affairs.


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