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Firms link up for HNW mortgages

Countrywide and Mortgage Advice Bureau have set up a high-net-worth mortgage advice firm called Capital Private Finance.

It will offer advice on purchases, remortgages, buy to let, commercial, international, agricultural, newbuild, renovation and development and provide advice on general and commercial insurance.

Countrywide financial services director Nigel Stockton says: “This agreement forms a key part of Countrywide’s strategic plan to enhance our financial service offering and cater for high-net-worth individuals seeking independent financial guidance. For the most part, we feel the private finance market has been under capitalised and we will be looking to attract the best private finance consultants in the industry to this exciting venture, which will be supported by our current partners and the world’s leading private banks.”

Mortgage Advice Bureau chief executive Peter Brodnicki says: “Our ongoing aim is to find new opportunities to grow and lead in the market in which we operate. This agreement with Countrywide and subsequent launch of Capital Private Finance enables us to do exactly that and provides a fantastic opportunity for all involved.”


ETV exercises ‘not worth the candle’

Former National Association of Pension Funds chairman Robin Ellison says the “prohibitively high costs” of running an enhanced transfer value exercise mean they almost never provide value for money for employers. The ETVs are facing increased scrutiny from both The Pensions Regulator and the Department for Work and Pensions amid concerns that employers are offering […]


Regulator appoints trustee to seize control of pension reciprocation accounts

An independent trustee firm appointed by The Pensions Regulator has seized control of the bank accounts of six pension schemes used for pension reciprocation due to concerns that the loans could be legally void. This week’s Money Marketing reveals Dalriada Trustees has written to around 500 scheme members warning they could be forced to return […]

Unbiased site relaunches as one-stop shop has relaunched its website to offer consumers information and guidance on finding financial, legal and accountancy advice. It has added a find an accountant search to its find an IFA, solicitor and mortgage adviser searches. Chief executive Karen Barrett says: “This is a great addition to our range of professional advice searches, offering consumers […]

Lifting Nest cap could lead to mission creep, fear insurers

Insurers are concerned that scrapping Nest’s annual contribution cap will lead to “mission creep”, with the scheme potentially targeting higher-income employees in an effort to repay the Treasury’s estimated £904m loan. Last week, Money Marketing revealed that officials at the Department for Work and Pensions are under pressure to reconsider the £4,200 annual limit as […]

Derek Stuart: where to find value in the UK?

Derek discusses a number of Œself-help stories as examples of where he is finding good opportunities in the UK With the FTSE trading at historically high levels, many investors have questioned whether UK equities continue to offer value. But, as Derek points out, the headline figures mask many opportunities at a sector level. He has […]


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