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Lund leaves SJP with 4m payoff

St James’s Place chief executive Mark Lund has quit in what SJP calls a joint agreement. He joined SJP three years ago and became chief executive in September 2004. He is leaving with an estimated 4m payoff.

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IFA sues Sesame over indemnity clause

A former DBS member is taking Sesame to court over an indemnity clause in his contract.Richard Stock is suing Sesame for debiting 1,600 from his account to compensate for an alleged endowment missale.Sesame is defending its stance and citing clause 9.1 in its contract which says “in the event that [DBS] suffers or pays any […]

Scarborough joins Trigold’s ENC module

Trigold has signed Scarborough as the 23rd lender to support its enhanced non-conforming sourcing module.Scarborough Specialist Mortgages offers a service to the non-conforming lending arena providing a product range including prime to heavy adverse, including specialist buy-to-let and adverse buy-to-let. ENC ensures that lenders’ individual underwriting criteria are included in the system and products are […]

Watchdog probes FSA on unauthorised firm

The independent Complaints Commissioner is investigating the FSA’s handling of a complaint against a Colonial Mutual subsidiary that was not authorised for nine years.Last August, Money Marketing revealed that a county court had upheld a complaint over an endowment policy sold by Colonial Mutual UK Holdings Group on the basis that the firm was not […]

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Pension Wise — now taking calls…

Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.

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