View more on these topics

Loan firm wants to strike up business referrals

Broker Hamptons International Mortgages is looking to find IFAs outside London who are interested in starting a business referral relationship.

Hamptons&#39 agreement with London IFA Master Adviser means it passes regulated business to the firm while Master Adviser refers mortgage business to Hamptons.

Outside London, Hamptons works with Bath IFA Caven-dish Grant and is interested in finding more firms outside London which are willing to refer mortgage business in return for life, pension and investment referrals.

Managing director Kevin Duffy says Hamptons and its appointed representative Square Mile get around £250,000 of mortgage business a year from Master Adviser. He says Hamptons refers back slightly less business but is keen to imp-rove this.

Duffy says: “I believe in the maxim that a good mortgage broker does not always make a good wealth manager and vice versa. Our arrangements work well as there is generous commission sharing on both sides.”


L&G cuts bonuses but posts positive results

Legal & General has moved in line with many of its rivals to cut bonuses as part of its 2003 bonus declaration.Annual bonuses on life policies have dropped by 0.25 per cent to 0.75 per cent of the sum assured and by half a per cent of the existing bonus to 1.25 per cent. Normal […]

FSA says Menu will reduce overpaying risk

Firms will be required to present clients&#39 payment options and illustrative commission amounts for the firm and the market in a standardised format under the FSA&#39s new pricing menu.The FSA says the move should mitigate the risks of consumers paying too much for financial advice, as it expects the Menu &#45 which will show both […]

Complaints to FOS double to 2,000 a week

Complaints to the Financial Ombudsman Service have soared to 2,000 a week from 1,000 this time last year. The FOS had expected 1,500 new cases last month, leaving it open to claims by the industry that it has grossly underestimated the amount of complaints it will get this year. FOS head of communications David Cresswell […]

Regulation issue

When new FSA regulation hits mortgage and general insurance providers later this year, the associated impact on brokers will be significant. Since the 19th century, banks, building societies and general insurance companies have been subject to regulation. But new conduct of business regulation from the FSA, due to come into effect this year, will shake […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm