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Millfield two leave for Lifetime

Millfield non-executive directors Derek Noone and Jeremy Bradburne are standing down to focus on the business plan for Lifetime, the wrap technology business in which the national IFA holds a 41 per cent stake. Norwich Union holds a 49.5 per cent in Lifetime.

Millfield chief executive Paul Tebbutt says: “I look forward to Derek and Jeremy&#39s continuing efforts at Lifetime delivering strong returns for all Millfield&#39s stakeholders.”


Pink Home Loans – 10-to-Let mortgage

Type: Discounted-rate buy-to-let mortgage Discounted term: Until July 31, 2005 Discount: 1% Payable rate: 5.1% Minimum loan; £25,000 Maximum loan: Up to 85% of valuation subject to a maximum of £1m, up to 80% of valuation subject to a maximum of £2m, up to 75% of valuation subject to no maximum Income multiples: Rental income […]

Buoyant Britannic looking to buy

The Britannic Group looks to be on the acquisition trail following the release of its full year results this week. In the results it says the board believes there is “significant opportunity” for it to increase the scale and profitability of its closed fund business via acquisition and administration of other closed funds. Its closed […]

Friends sees menu at risk of failure

Friends Provident believe the long-awaited Menu is attempting to achieve too much. It believes the Menu is an improvement on the Defined Payment Scheme originally proposed by the FSA but thinks expectations are unreasonably high. Friends Provident director of marketing Graham Harvey says: “Using the Menu as a tool to help address product and provider […]

&#39Don&#39t knock networks&#39

Mortgage network HomeLoan Partnership has hit out at Bankhall&#39s comments that networks limit consumer choice and are not a long-term solution for brokers. Managing director Martin Cave believes Bankhall group sales director Shaun Godfrey&#39s views are extreme. He points out that the FSA believes a well researched and regularly monitored panel of lenders is representative […]


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