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eXchange launches on-line mortgage subsidiary

The eXchange is launching an on-line mortgage packaging subsidiary. will be available to both consumers and IFAs from October 1.

The service will be able to process mortgage and re-mortgage applications on-line.

The Exchange chief executive Paul Lindsey says: & will be a significant net based business adding value for both consumers and intermediaries. The business will have the benefits of leveraging the eXchange&#39s existing distribution channels and forms an important part of the group&#39s strategy going forward.&#34


Government wants 95 per cent of stakeholders sold direct

Pensions minister Jeff Rooker says 95 per cent of stakeholders must be sold without independent financial advice, opening doors for a major assault from direct US sellers And Rooker says compulsion will be considered within &#39four or five years&#39 if at least half the 5m target audience feel unable to use the decision tree.Major US […]

CIS cuts premium rates for home insurance

Co-operative Insurance Society is slashing the cost of its home insurance premiums by between 2 and 4 per cent.CIS offers a range of buildings, contents and personal possessions policies and claims this is the fifth consecutive year it has reduced its rates.It is currently offering new customers taking out buildings or contents insurance an introductory […]


Halifax moans about copying lenders

Halifax is moaning its rival lenders jam its switchboard looking for guidance whenever the Bank of England alters the base rate. The UK’ largest lender is having a pop at its arch rivals for adopting a ” see what mummy is doing’ attitude whenever there is a base rate change. It claims every time the […]

Norwich & Peterborough hikes interest on fixed rate bonds

Norwich & Peterborough is increasing its savings rates across its range of fixed rate bonds and its fixed rate mini-cash Isa and Tessa only Isa.The rate increases range from 0.2 per cent on its Isa funds to 0.4 per cent for annual interest on its one year fixed rate bond.The new rates will take effect […]

Life begins at…

By Fiona Holmes, proposition communications manager Having reached a certain age (it’s the new 40 by the way), I’m having to come to terms with the fact that my peers and I aren’t as immune from illness or death as we’d like to think. That’s the problem with 30 being the new 20 and 40 […]


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