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Industry welcomes Government progress in home reversion plans

Ship and Key Retirement Solutions are both unanimous in welcoming Government progress in defining home reversion plans.

The Treasury has published a summary of the responses to its consultation paper on the definitipon of homer reversion plans.

The decision to regulate home reversion schemes means that all equty release products will be offered within the same market framework and consumer protection.

Ship Revershions Board chairman Graeme Marshall says: “We look forward to seeing the draft definitiona nd hope the Government will demonstrate its support for the equity release market by moving the relevant legislation rapidly through the parliamentary process.”

KRS business development director Dean Mirfin says: “With the potential growth in 2005 and to build consumer confidence in the industry, we urge the Government to implement these changes quickly in order to bring the entire equity release industry under one regulatory regime.”


Johnston joins Chase de Vere

Former Momentum Financial Services managing director Paul Johnston has joined Chase de Vere as managing director of the company’s 60-RI private-client arm.


Worst freebie of the yearFirst Active gets the thumbs down for its sartorially inelegant logo-emblazoned cuff-links. The circular beasts feature the group’s tasteful thumbs up logo and are currently gathering dust in the Diary’s hall of shame. A special mention to IFA John Joseph for giving us a tape of one of his “legendary” speeches […]

Review of 2004: AIFA

After five years of fighting the IFA corner for all he was worth, Aifa director general Paul Smee announced he would be leaving in December to join the Association for Payment Clearing Services as chief executive.

1bn cash deal for exAMP closed life funds

HHG, the company holding the former AMP UK businesses, has sold its closed life books to Life Company Investor Group for 1.025bn in cash.

Keep calm and carry on?

We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]


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