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Fur flies over Expo bunnies

The behaviour of some exhibitors at last week&#39s Mortgage Expo in London has been branded as totally unacceptable by leading industry figures.

Prudential national mortgage club manager John Malone feels so let down that he intends to write to the organisers to ask for his money back.

Expo saw Majestic Mortgages trying to entice brokers to its stand with a pole-dancer while girls in hot pants were on the County Mortgages stand and The Finance Centre featured bunny girls.

Malone says: “I feel desperately let down and will be writing to the organisers requesting my money back. We have to distance ourselves from this sort of thing as, with regulation approaching, few will want to be associated with such behaviour. It is time the industry grew up.”

Hill Martin mortgage executive Steve Smith says: “I was disappointed with the lack of professionalism shown by a number of stands. We are about to enter statutory regulation. The overall professional standing of the industry, which has never been high, has potentially been put back by this.”

Majestic Mortgages managing director Peter Parsons says: “You cannot please everyone all of the time. We looked at our core market, which is predominantly male. Men like women, booze – we had a free bar – fast cars and money.”


Trusts &#39found wanting&#39 over help for splits victims

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Tenet launch multi-manager service

Tenet&#39s M&E and Interdependence Networks have launch a campaign to help members use Multi-Managers with exclusive support from Scottish Widows, Skandia Investment Management and Abbey. The three providers are working with the networks to share their expertise and resources and help members inform their clients. Tenet director of group marketing & communications Alison Dootson says: […]

Group therapy

Changes in the group pension market in recent years can probably best be described as traumatic. The emergence of stakeholder pensions complete with price caps and the decline of final-salary business have dramatically increased activity in this area. Vast numbers of schemes have changed the type of product and the provider. Commission levels have been […]

Shadow of doubt over price caps

A Conservative Government would seriously reconsider the role of the Treasury in imposing price caps on the industry, says Shadow Chancellor Oliver Letwin. Chancellor Gordon Brown&#39s new opposite number says a Tory Government would not necessarily support price caps. In an exclusive interview with Money Marketing, Letwin says: “That is an issue we will consider. […]

2016 Global Survey of Individual Investors: How is investor behaviour rewriting the job description for financial professionals?

Trapped between expectations for near double-digit returns and strong apprehensions about investing in persistently volatile markets, investors worldwide are of the opinion that professional financial advice is worth the fee. But even though they believe individuals who work with a financial professional are more likely to achieve their goals, investors have a clear vision of […]


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