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igroup accepted as member of MCCB

Sub-prime lender igroup has this week been accepted as a full member of the Mortgage Code Compliance Board.

igroup, which previously dealt with unregistered brokers, says it is delighted with the move and sees it as a positive development for both the company and customers.

But the MCCB says it is disappointed that Penrith Building Society has decided not to re-register with the mortgage code.


Clients opting for freedom of Isa instead of pension

I recently visited a client who wanted advice on where to redirect the AVCs he had, until recently, been paying to his employer&#39s scheme with Equitable Life. As it happened, he earns less than £30,000 a year so we were able to explore options for a personal pension. But when it came to decision time, […]

Woolwich admin under strain as applications flood in for Open Plan

The Woolwich&#39s mortgage administration department is understood to be close to collapse after being flooded with applications for its Open Plan product range. Industry sources claim the UK&#39s fourth-biggest lender is buckling under the strain of coping with rocketing applications from IFAs since the bank revamped its flexible mortgage range in January. IFAs claim that […]

OFT names advisory panel members

The Office of Fair Trading has announced the members of its new advisory panel which includes Consumers’ Association head of policy research and analysis Michelle Childs, former Financial Times editor Sir Geoffrey Owen, professor of law at King’s College Richard Whish. The panel advises on the OFT’s strategy, new policy developments, and areas for research.

Set out the goal to put vision into clear focus

Traditionally, the industry has been able to relax during election campaigns as politicians scrap for votes. Financial services rarely features in party political broadcasts. It is not a vote winner or a vote loser. With the civil service in purdah, nothing else will be Catmarked for a while. Nothing will be disclosed that is not […]


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