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Lloyds Banking Group hires replacement for Nigel Stockton

Lloyds Banking Group has appointed Mike Jones to replace outgoing mortgages sales director Nigel Stockton, who will take up his post as Countrywide financial services development director on October 1.

Jones will be responsible for all mortgage sales activity across the Lloyds Banking Group brands and will oversee intermediary sales, direct sales via the branch network and telephone and internet sales.

He joins from within the group, having recently held the role of network director for London and the South East for Lloyds TSB Community Bank.

Mortgages managing director Colin Walsh says: “I am extremely pleased to welcome Mike to this high profile role. I know he brings with him expertise and enthusiasm, this will help us to continue to grow and shape our leading mortgage business.”



Solving the Qrops question

HMRC might want to consider a new name for Qrops, given the growing belief that these offshore plans are the next misselling scam waiting to happen. Perhaps they should rebrand them MQPROPS – maybe qualifying, possibly recognised overseas pension schemes – because the current name does little to dampen down the wild claims that some […]

Firm pledges support for savings campaign

Tenet has pledged its support for Money Marketing’s campaign to improve saving and protection rates in the UK. The Pave The Way To Save campaign is calling on the Government to give the new financial services regulator a statutory objective to tackle these problems. The Treasury is currently consulting on the design and responsibilities of […]


Letters to the editor

Yet another idea for protecting consumers that removes their choice and, in many instances, fouls up their existing financial planning. Many clients rely on an inheritance, tax-free cash from pensions, sale of investment properties or simply a future downsize as a means of repayingoutstanding capital. Are consumers so truly stupid that they cannot be relied […]

Godiva launches 2.49% fixed rate

Godiva Mortgages has added a new two-year fixed rate mortgage at 2.49 per cent to its residential mortgage range. The lender, which is Coventry Building Societies’ intermediary arm, has also added a three-year fixed rate at 2.99 per cent. Both loans are available at a loan-to-value of 60 per cent. The booking fee for both […]


DB transfer shouldn’t be all-or-nothing

By Steve Webb, director of policy In my recent discussions with advisers, a hot topic has been the growing number of people interested in transferring their defined benefit pension rights into a defined contribution pension scheme. With many pension schemes offering eye-watering transfer values, this is likely to be an area of increasing interest. Yet […]


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