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Merrill Lynch snaps up lender in further mortgage push

Merrill Lynch has bought Freedom Lending, marking its latest push into the mortgage market.

Freedom will continue to operate as a specialist lender in the buy-to-let, let-to-buy and self-certification markets. The company will sit alongside Mortgages PLC and will announce a new trading name before the end of the year.

Freedom managing director Colin Snowdon says: This announcement is excellent news, as the backing of Merrill Lynch will enable us to accelerate the next phase of our development. I have been ambitious for this business from the word go and we now have the wherewithal to compete confidently with the major players in our sector.


Edeus of reckoning

The soft launch of Edeus included some typically hyperbolic features. I nonetheless believe that its arrival will in years to come be recalled as an industry-impacting event. That prediction might appear sycophantic but backing Edeus to succeed is like backing Tiger Woods to outscore Terry Wogan, Bruce Forsyth and Ronnie Corbett in a Sunday morning four-ball.

Abbey aims high for annual premiums

Abbey wants to more than double its annual-premium pension and investment business to over £2bn in the next 18 months. It is seeking to increase its number of branch-based advisers from 350 to about 750.

The mysterious affair of styles

Twelve months ago, I had the honour of penning my inaugural multi-manager column for Money Marketing. The brief was to provide an insight into the world of multi-manager, either on a technical matter or in relation to how multi-managers look at funds. Maybe even on a hot topic of the day. Since then, the number […]

Resolution to merge seven life companies

Resolution is proposing to merge the business of seven of its eight existing life companies. The merger will be implemented by a Court approved transfer of the business of Alba Life, Britannic Assurance, Britannic Retirement Solutions, Britannic Unit Linked Assurance, Century Life and Phoenix Life & Pensions Limited to Phoenix Life Limited. PLL was itself […]

What are the key changes to transform pensions?

By Fiona Tait, pensions specialist In her final article for Royal London, Fiona Tait reviews key changes she believes have transformed, or will transform, pensions. In my 12 years with Royal London I have been paid to review, study and explain the numerous changes to pension legislation which have transformed our industry in that time. This is […]


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