View more on these topics

Head of intermediary lending leaves B&W in wake of restructure

Bristol & West head of intermediary lending Clive Watkins has left the bank after only one year following an internal restructure.

Watkins says he resigned after what the bank describes as “internal housekeeping” left him with the option of two new positions, neither of which he felt suited his ability.

B&W says he gave notice after applying unsuccessfully for the position of head of sales (lending), which was offered to head of retail and consumer mortgages, Bob Perks.

The restructure followed B&W&#39s decision to merge its intermediary and direct-sales departments.

According to B&W, Perks and Watkins were left to fight for the same job following the consolidation of their positions.

Watkins says: “I was offered a couple of roles, both of which had aspects which did not suit me or my talents, so clearly I had to look elsewhere.”

A B&W spokeswoman says: “Instead of two heads of sales, we consolidated the roles. We are really sorry that he is leaving and the way it has worked out.”


Big business &#39apathetic over stakeholder&#39

Big business in the UK remains apathetic and misinformed about stakeholder, according to research by consulting actuaries Punter Southall.The pensions experts surveyed pensions managers in the UK&#39s largest 250 companies earlier this year and revealed just 10 and 23 per cent of employers respectively believed they would be offering a stakeholder schemes to their contractors […]

Bridge that gap

The range of non-standard or niche mortgage products available to strengthen the IFA&#39s position would not be complete without short-term or bridging finance.The feature of secured short-term funding most often overlooked is that the whole attitude and approach to lending by short-term principals is quite different from conventional long-term mortgage underwriting.Once mortgage brokers have fully […]

Credit Suisse gets adventurous

CREDIT SUISSETrans-Adventure IsaType: Oeic maxi Isa.Aim: Growth by investing in global post venture capital fund and transatlantic fund.Minimum investment: Lump sum £3,000.Maximum investment: £7,000.Catmarked: No.Investment choice: Global post venture capital fund 50 per cent, transatlantic fund 50 per cent.Charges: Initial 5.25 per cent, annual 1.5 per cent.Special offer: Initial charge reduced to 3.25 per cent […]

Framlington discounts Japan fund

Framlington is offering a 1 per cent discount on the initial charge for its Japan Fund until April 30, reducing the initial charge to 4 per cent.The minimum investment for PEP transfers and Isas is £1,000 and £500 for unit trust investments. Initial commission is 3 per cent, with 0.5 per cent renewal commission for […]


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