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Mortgage Trust pays renewal on flexible loans

Mortgage Trust is paying out its first renewal commissions to brokers which last year completed over £1m of business on its two flexible mortgage products, the Early Payment Plus and the Current Account Mortgage.

Brokers have to be members of Mortgage Trust&#39s Millionaires Club, which supports IFAs which sell mortgages in volume. They will get 0.1 per cent of the mortgage business completed.


Critical decisions to be made over income drawdown

Some pension experts are warning of yet another glitch in income drawdown. The latest doubt is another spin on critical yields. In the past six months, some gurus have warned that high upfront commission could mean critical yields of 14 per cent or higher will be needed to ensure that the client is not worse […]

Horlick takes up Virgin&#39s gauntlet

Société Générale Asset Management joint managing director Nicola Horlick has called Virgin Direct&#39s bluff and accepted its challenge to bet £6,000 that she can beat the FTSE All Share index. The move follows a series of stunts designed by Virgin Direct to bait what it calls “the financial old guard”. Virgin enlisted racing tipster John […]

Bradford & Bingley&#39s chief joins FSA board

Bradford & Bingley chief executive Christopher Rodrigues has been appointed to the board of the Financial Services Authority. Treasury chief secretary Alistair Darling announced the appointment of Rodrigues and three others last week. The other directors are Scottish Consumer Council chairman Deirdre Hutton, Morgan Grenfell Asset Management chief executive Robert Smith and Stephen Thieke, managing […]


Shares in Sedgwick Group rose by 5p to 146p as the firm posted a 6 per cent increase in pre-tax profits for 1997. Pre-tax profits grew to £101.2m from £95.5m in 1996 but the strength of sterling hit the figures by £10.2m.


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