View more on these topics

Mortgage facts posted on the net

Moneyfacts is setting up an internet portal for IFAs that will offer an information service and online quotes.

It will include a mortgage sourcing service, which the company says will cover all products from all lenders.

The site will give users access to an area that lets them view full commission details, a mortgage compliance centre and daily product selections.

It will offer searches on savings and credit cards and links to partner sites 1st Software and Select & Protect. Through a partnership with Webline, IFAs will get access to online comparative quotes and e-submission services for life insurance, critical-illness cover, family income benefit and mortgage protection.

Moneyfacts group chief executive John Woods says: “The launch of eMoneyfacts is timely for a number of reasons. The FSA&#39s regulation of the mortgage market, the UK&#39s current position in the mortgage cycle and even the implications of the recent Miles review all serve to increase the value to the intermediary to the independent comprehensive online service they can now access through eMoneyfacts.”

Financial Technology Research Centre director Ian McKenna says: “Moneyfacts are coming late to a relatively mature market where the main manufacturers have already chosen which set-ups they are interested in.

“The industry always benefits from competition but they will need to work hard to attract significant market share.”

Recommended

Product Matters

The only reason for Scottish Equitable&#39s flexible pension plan contract is to line the pockets of insurance companies and advisers, not to unbundle costs, as suggested. I suspect it was put together by Scottish Equitable and a high-volume IFA. It is wrong to say the client cannot win but certainly the insurance company and the […]

Portman warning equity release is the last resort

Portman Building Society director Matthew Wyles says equity release should be seen as an option of last resort for consumers, arguing that advisers should first consider all other avenues for elderly clients looking to raise capital. Wyles says he believes there are a number of opt-ions that should be ruled out before equity release is […]

Latest survey could reveal further misselling says PWC

A sharp increase in the number of policyholders surrendering their life insurance and pensions policies has sparked fears of another misselling scandal according to consultants PricewaterhouseCoopers. Figures contained in the latest CBI&#39s quarterly report on the financial services sector show a marked increase in the number of people who have surrendered their policies in the […]

AAM seals deal with Arlington

Aberdeen Asset Management has completed the long-awaited sale of its UK and European property arms to business solutions firm Arlington in a deal worth £50m. AAM, which pulled out of talks to sell the businesses to British Land last year, was thought to be seeking a price closer to £100m for Aberdeen Property Investors and […]

Lifetime ISAs – International Evidence

By Fiona Tait, Pensions Specialist Since the announcement in March, the Lifetime ISA (LISA) has attracted controversy. Heralded as a saviour for the self-employed and the young wanting to get on the housing ladder, the new LISA risks adding confusion for savers trying to fully understand the benefits of new workplace pension savings through auto-enrolment. To […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com