IFAs get a line on The Exchange

Alliance and Leicester announces it has successfully ended their search for a new leader with the appointment of Peter McNamara of Lloyds TSB.He will be the bank&#39s group managing director from June. Since 1996, he has held the title of managing director of personal banking at Lloyds.John Windeler will remain on the team as executive […]

Intermediaries and lenders believe finalised plans for Cat-markedmortgages have muddied the already murky waters surrounding the role thatIFAs will play in the benchmarked market.Legal & General marketing manager housing market Richard Verdin says: “Igenuinely do not think that IFAs have differential earnings on their mindwhen they are advising on a particular product over another but […]

Norwich Union has set up a range of flexible mortgages to replace itsresidential mortgage products.The new loans include three flexible mortgages with varying discountoptions and a value tracker, which Nor wich Union says offers low interestrates and complete transparency.There are no lock-ins or tie-ins and all mortgages under £500,000 are fee-free.Mortgage business development manager Ewan […]

Pension providers are voicing concerns that the Government&#39s CombinedPension Statement may confuse the public about their pension entitlement.They fear the statement, which provides pension planholders with estimatesfor their retirement income by combining details of private pensions andstate benefits, could lead to people expecting more income than they willget.Each provider is expected to provide customers with […]