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Mortgageforce wins civil service deal

Mortgageforce has secured a three-year contract to look after the mortgage needs of over 300,000 civil servants.

The deal with the Public and Commercial Services union will rank as one of the top three of Mortgageforce’s 20 corporate relationships.

PCS has over 304,000 members and 10,000 associate members working in central government and for public bodies.

Mortgageforce chief executive Rob Clifford says corporate partnerships are a central plank of the firm’s strategy. He says: “We are generating about 30 per cent of our mortgage leads from these relationships and we would like to get that up to 50 per cent. I think we could achieve this in a 12-month to 36-month timescale.” Clifford says the firm is in talks with two top 20 building societies and two big trade unions.

He says: “This is a very big deal for us. Because of its profile and the size of the membership I can say that it is unlikely that we will close a deal in 2008 that would shadow this one.

“Our ability to deliver face-to-face advice from Falmouth to Aberdeen was probably the single biggest factor in securing this deal. We have 180 mortgage consultants who can get to them within two hours of calling.”


Aifa launches manifesto for advice

The Association of Independent Financial Advisers launched its manifesto for advice at a parliamentary event with pensions minister Mike O’Brien today.

Suitable case for treatment

Perhaps I am just naive. I have always found it quite difficult to understand the need to have an initiative called treating customers fairly. After all, shouldn’t service companies being doing that already? Isn’t that the core of their business offering?

Ian Lowes Live and kicking

This capital-protected bond is linked to the FTSE 100 or a combination of the FTSE 100 and Nikkei 225 over six years.Lowes Financial Management managing director Ian Lowes says this is a variation of a structure that NDFA has used on a regular basis for the past two years. “Previous issues have offered one option […]

TSC report attacks FSA for failing to supervise Northern Rock

The Treasury Select Committee’s report on the Northern Rock fiasco has attacked the FSA for failing in its duty as regulator.It has also called for a new role at the Bank of England to be established which would look after issues of liquidity.The new post of “Deputy Governor of the Bank of England and Head […]


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