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ING enters mortgage market with direct offering

ING Direct has entered the mortgage market this week with a fixed rate and a flexible rate offering.

The products are not yet available through intermediaries but ING has begun consulting about how best to work with brokers in future.

ING chief executive Lindsay Sinclair says: “Research among our one million customers revealed that they want mortgages without hidden charges or fees. Our mortgages will answer this call and initially our focus will be on satisfying demand from our own customers.

“However, we are well aware of the great success ING Direct has had in other countries working with intermediaries and we are investigating the best way to work with this channel before taking this next logical step.”


Row erupts over ‘gay misselling’

Specialist gay IFA Chris Morgan has sparked a war of words with Ivan Massow, claiming advice given to the gay community between 1990 and 2000 is now resulting in a flood of misselling complaints. Morgan, managing director of Compass, says many gay people face significant shortfalls in their mortgage endowments and pension policies as a […]

Network Data triples profits

Network Data has more than tripled profits for the first half of this year to £880,000 from £268,000 in the same period last year.

‘IFAs risk misselling claims if they fail to recommend PTA’

Advisers who do not recommend pension term assurance to their clients could risk misselling claims because life policies are liable to inheritance tax, warns Standard Life. Product marketing manager Mick James says advisers must have a good reason why they do not sell PTA because premiums are cheaper and the sum assured is not subject […]

Treasure islands

Our panel discuss the range of incentives offered to investment businesses based in Guernsey, Jersey and the Isle of Man


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