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Focus to offer online mortgages for Kensington

Technology provider Focus Solutions has signed a deal with Kensington Mortgages to provide online mortgage applications.

Focus will provide sub-prime lender Kensington with an online mortgage application system to enable brokers and intermediaries to transact electronic new mortgage business directly with Kensington via the Internet.


Smith admits public may have been misled on pension safety

The Department for Work and Pensions has admitted that Government statements may have led the public to believe their final-salary pensions were more secure than they really are. Work and Pensions Secretary Andrew Smith told Channel 4&#39s Liam Halligan that an FSA leaflet made final-salary pensions appear “safer than they turned out to be”. Occupational […]

Government sets up fund for victims of occcupational scheme collapses

The Government is establishing a £400m fund to compensate people who have lost pension rights through collapsed occupational schemes. The fund will give phased payments over the next 20 years, with payments reviewed every three years. Amicus general secretary Derek Simpson says: “The threat of having little or nothing to live on after 30 or […]

Societies urged to prepare for new endowment claims

Lenders should brace themselves for a fresh wave of endowment mortgage complaints, according to the principal Ombudsman (banking and loans) David Thomas. Thomas told delegates at the Building Societies Association annual conference that a significant number of holders of end-owment mortgages have not yet lodged complaints but will have a shortfall upon maturity. He put […]

NDF Administration – UK Defined Bonus Plan

Type: Capital-protected bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £10,000-no maximum, Isa £7,000 Term: Six years Guarantee: Original capital returned in full provided index does not fall by more than 50% and returns to at least its initial level Return: 7.5% of original investment at end of year […]


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