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Mortgage club for franchisees

National IFA Inter-Alliance is setting up a mortgage club for its franchisees in a bid to win their business rather than see it go to other clubs.

Inter-Alliance, which is in the process of signing off the plans, says it can negotiate competitive deals for its IFAs to encourage them to put their mortgage business through Inter-Alliance. The club will include prime and sub-prime mortgages.

The firm hopes to boost its income from mortgages from the current 4 per cent of its annual £50m revenue.

Corporate affairs manager Charles Ansdell says: “We are speaking to providers in the prime and sub-prime market and hope to roll this out quickly as at the moment revenue does not go through us but through other mortgage clubs.”

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Trouble ahead - thumbnail

Pensions: trouble ahead?

The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath. 

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