View more on these topics

Cummings in pledge that his Aifa role will not affect AMI

Association of Mortgage Intermediaries director Chris Cummings has assured mortgage intermediaries that the AMI will keep its independence despite his appointment as deputy director general of Aifa.

He says he will not forsake any of his tasks as AMI director and
believes that his two roles will work well with each other. He is
adamant that the AMI will not be rolled into Aifa.

Cummings will take on any of the presentations and roadshows around
the UK that director general David Severn cannot do.

Cummings says the appointment of Severn as Aifa director general is
good because of his contacts and know-ledge of the European Union,
which is responsible for around 70 per cent of regulation.

Cummings says: “We are both facing a single regulator. There is a
commonality of issues that we face, so it makes a lot of sense.”

Hamptons International Mortgages managing director Kevin Duffy says:
“There is no doubt that Chris deserves promotion but intermediaries
will watch very carefully to see that his influence continues at the
AMI.”

The Mortgage Portfolio mortgage planner Simon Chalk says: “If
anything, it could enhance the AMI’s position to have an influence on
two boards.”

Recommended

Berkeley Morgan Group sold to Personal Group in 12.3m cash deal

Berkeley Morgan Group has been acquired by its competitor, AIM listed Personal Group in a 12.3 million cash deal. The offer, of 105p per share represents a premium of approximately 30% over BMGs closing share price of 81p. As a result of the deal, a multi million pound windfall will be shared by BMG staff […]

Investment view

The is a dangerous degree of consensus among investment houses over expectations for 2005.

Fantasy league

The only really relevant comment on your Superleague supplement is: “Turnover is vanity – profit is sanity.” How many of these “super” IFAs actually make a profit? For heaven’s sake, one of them listed is even in administration. Even if they manage to show a meagre return, what is this as a percentage of turnover? […]

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