View more on these topics

Misys strengthens loan service

Misys is bolstering its support for IFA members doing mortgage business by providing more mortgage and compliance services and creating the new position of lending services manager.

It is also naming internet and telephone bank Intelligent Finance, which offers a range of flexible mortgages, as a “categoryA” provider to help develop and deliver mortgage training to network members.

Andy Young is joining Misys in January as lending services manager from Zurich IFA, where he ran its mortgage club offering support to IFA.

With Misys IFA Services, which includes Countrywide, Financial Options, Kestrel and IFA Network, he will be resp-onsible for all its lending support, including compliance, training and negotiating commission deals.

Misys says it is looking to supply compliance support to existing members who want to meet the mortgage code and MCCB req-uirements and may consider extending this service to non-member IFAs.

Misys head of marketing Andrew Bedford says: “Our lending services manager will let us develop all lending-style offers for members. IF is a good provider with an excellent online service.”


PIA on the warpath again

The PIA has expelled five IFA firms because they no longer meet the regulator&#39s financial resources requirements. Senator Life and Pensions of The Business Management Centre, Hedging Lane, Wilnecote, Tamworth, Staffordshire ceased trading in June 1998. J Bird Investment Consultants formerly of 11 Montpelier Avenue, Bexley, Kent stopped doing business in November 1997. Harold Gibson […]

DBS blames N2 as it ups member charges

DBS has increased members&#39 charges, blaming the increased cost of regulation post-N2. Under the new pricing structure, members with turn-overs below £80,000 a year will see DBS&#39s commission share rise from 12.5 per cent to 15 per cent and they will pay a new “investment adviser” fee of £100 a month per RI. DBS says […]

Aberdeen buys Old Mutual International

Aberdeen Asset Management is to buy Isle of Man based life insurance firm Old Mutual International for £36.5m.OMI was incporporated into the Isle of Man in 1985, but has been closed to new business since 1998.Aberdeen is also set to raise £100m through an offering of convertible bonds.

Britannia launches new bond in 2002

Britannia Building Society is launching a one-year variable rate bond to existing members from January 2, 2002.The bond offers either monthly or annual interest and for deposits up to £1,000 returns 3.5 per cent, up to £20,000 returns 3.85 per cent, up to £50,000 returns up to 4.2 per cent and up to £100,000 returns […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment