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Mortgage market slowing down

The Council of Mortgage Lenders says gross mortgage lending slowed down to £25bn in August, 13 per cent lower than in July where it stood at £28.9bn. This is in contrast to last month when lending was up by 3 per cent on the previous month&#39s figure of £28.2bn. Additionally, the Royal Institution of Chartered Surveyors says potential buyers are being more wary although it rules out a market crash. RICS says buyer enquiries in August were down for the fourth month in a row.


IFAs call for rethink on ombudsman&#39s case fees

IFAs are pressing for a shake-up of the Financial Ombudsman Service&#39s system of case fees for dealing with complaints. At a round table meeting with chief ombudsman Walter Merricks hosted by Money Marketing, Hamptons International Mortgages managing director Kevin Duffy said the payment of case fees should be proportional to the costs generated by the […]

Johnson off to a flying start as he asks life offices for policy ideas

Newly appointed Work and Pensions Secretary Alan Johnson has hit the ground running by contacting the boards of major life companies directly to ask them to put together policy proposals. He has asked many of the UK&#39s life office directors to provide their views and suggestions on compulsion, pension reform, stakeholder, pension credit and simplification. […]

AITC planning wrap platform

Investment trusts are set to become available on a wrap platform being developed by the AITC. It is working on a technology package that will enable intermediaries to access a range of investment trusts instantly. Director general Daniel Godfrey says a wrap product, similar to that developed by Transact, is being developed. It would be […]

ScotEq taking mystery out of underwriting to aid IFAs

Scottish Equitable Protect is relaunching its marketing campaign for its smart underwriting service for the IFA market. The relaunch will emph-asise the increase in efficiency with smart underwriting and increase flexibility for IFAs and includes a new version of ScotEq&#39s Underwriting Today protection magazine. Aegon UK head of underwriting Matt Rann says the aim is […]


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