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CML reveals intermediaries uneasy about regulation

Three quarters of the 200 delegates at Council of Mortgage Lenders conference last week do not believe rules proposed by the Treasury on regulation will produce a sensible, cost-effective structure.

The poll also revealed 51 per cent of lenders and intermediaries present thought the rules will help consumers make better choices, while 49 per cent disagreed.

CML director general Michael Coogan says: “The poll shows that, despite the improvements to the proposed regulatory structure announced by the Treasury in December, there is still considerable unease among lenders and intermediaries about the possible outcome.”


Self-cert stepped mortgage from Pink

Pink Home Loans is launching a self-certified stepped discount mortgage with an initial rate of 3.99 percent.The two year stepped discount has a 1.76 per cent discount in year one and a 0.76 per cent discount in year two, on a standard rate of Bank of England base rate plus 1.75 per cent.Maximum loan to […]

Misys plans preferred panel

Misys is in talks with product providers about a preferred panel for a multi-tie operation to sit alongside an IFA and authorised offering to brokers.In a statement to the Stock Exchange, Misys chairman Kevin Lomax said it now supports CP121 and the Sandler review for the industry because they are positive for its member IFA […]

Difficult, says Darling

Selling pensions is very difficult at the moment due to the complexities in the marketplace, Secretary of State for Work and Pensions Alistair Darling told a Parliamentary committee last week.Testifying before the Work and Pensions select committee, Darling conceded the level of regulation and complexity make it difficult to sell a pension to anyone who […]

R&SA revamps website to boost group risk sales

Royal & Sun Alliance Life & Pensions is aiming to boost sales of group protection products with the relaunch of its group risk website.The site gives IFAs and employers access to a range of information and support services on group risk products.In addition to giving information about the life office&#39s group risk portfolio, the site […]


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