View more on these topics

Hartford role was to widen choice

Jonathan Purle (Letters, May 14) asks whether I have anything to add to the letter I wrote to MM towards the end of last year and indeed I have.

I stand by the points that Mr Purle has repeated, since these are the facts. The Hartford in the UK enjoyed solid success and a growing client base from its launch in 2005 to the end of April 2009 resulting in 18,000 clients with some £1.2bn of assets with us.

These clients will continue to get the benefits and level of service they were promised and The Hartford’s primary commitment is to honour its existing commitment to clients. The decision to cease sales in the UK market was not taken lightly and is part of the company’s overall effort to preserve capital and reduce risk.

Our role in the market was to provide clients with additional choices to help steer them through retirement. As for the commission Mr Purle refers to, our pension product was priced without commission and it was up to the IFA to decide how much they should be paid for their advice.

Michael Rudge

Hartford Life Limited


Loan clubs hit out at Imla on quality claims

Mortgage clubs have hit back at the Intermediary Mortgage Lenders Association for releasing a survey suggesting that appointed representatives originate better quality loans than directly authorised brokers.

Measure of trust

Mortgage brokers are probably feeling more than a little persecuted as the Council of Mortgage Lenders, the Building Societies Association, the Intermediary Mortgage Lenders Association and the National Housing Federation have all lined up to put us in the dock.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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