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Ilag committee to tackle prudential regs

Trade body the Investment and Life Assurance Group has established a working party to deal with the implications of the FSA&#39s interim prudential sourcebooks for insurers.

The Prudential Regulation Working Party will operate as a subsidiary of Ilag&#39s main regulation committee.

Members of it come from practitioner and associate members including representatives from Arthur Andersen, Nationwide Life, Canada Life and Swiss Life.

It will be chaired by Eric Purdy formerly of M&G Life who now runs his own firm, Adiemus Consulting.


Hubbub about the hub

In my earlier articles, I looked at specific areas of an IFA&#39s business to suggest ways in which technology, if used efficiently, can yield up to 80 per cent time savings.For this final article in the series, I thought it might be interesting to look to the near future to the developments in technology that […]

Pioneer boosts new business

Income protection specialists Pioneer Friendly Society increased its new business by 19 per cent last year to £5,771,746 from £4,829, 281.Pioneer&#39s products, which are designed for customers looking for nil and short deferred periods, are only available through IFAs and is aimed at women and manual workers.

Melton Mowbray five-year fixed

Britannia two-year fixed Fixed term: 2 yearsFixed rate: 4.49% Minimum loan: £5,000Maximum loan: £500,000Income multiples: 3.5 x single, 2.75 x jointArrangement fee: £295 plus £75 admin feeRedemption fee: 180 days interest in first two years Conditions: Up to 95% LTV, no MIG to pay below 90% LTVIntroducer&#39s fee: noneTel: 0845 8429429

Platform Home Loans in new correspondent lending deal

Flagship Homeloans and Solent Mortgage Services have joined a correspondent mortgage lending arrangement with Platform Home Loans to offer products to non-conforming borrowers through intermediaries. All products in Flagship&#39s non-conforming range will be eligible up to 95 per cent loan to value for a 1.6 per cent discount until June 1 2003, plus 0.5 per […]


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