Mortgages PLC will launch a direct arm later this year, as its parent Merrill Lynch looks to increase its UK mortgage market share. MPLC has yet to determine a brand name but says its product range will be the same as its intermediary offering.
“I’ve just opened the CML annual report and it smells lovely. It is not often any more that you get paper that smells that nice.” FSA’s Robin Gordon-Walker’s excitement at receiving the document”Do you know anyone who does voicebox transplants in the UK?” Royal Liver’s Andy Milburn after watching Liverpool win the FA Cup”Good news […]
A clash of civilisations took place in Manchester last week, with the Building Societies’ Association parking its annual conference next door to the Mortgage Expo. Although the gatherings were within spitting distance, the short skip between events transported you across different worlds. Delegates entering the BSA were treated to a distinguished gentleman playing grand piano, […]
The Pension Policy Institute (PPI)’s recent report “Value for money in DC pensions” tries to identify factors by which people can assess whether their pension offers fair value for money (VFM). Fiona Tait provides an overview of the findings. Positive Outcomes It is extremely hard to assess VFM in a pension. Press activity naturally focuses […]
A weekly account of the curious goings-on in the world of financial services from Money Marketing’s diary page Green with envy While scouring through the MPs’ Register of Interests last week, one WSJ correspondent took to reading the fine print of Treasury committee member John Mann’s file. Among the list of international trips undertaken by […]
Long-awaited guidance clears up confusion around the IHT position of policies issued under seal Life assurance protection is an often overlooked estate planning tool. For UK-domiciled individuals, effecting a policy subject to a trust can deliver a neat, effective way of sorting inheritance tax liability that cannot be diminished through other planning. It can also […]
Workplace provider Smart Pension has been told not to publish an advertisement again after a complaint to the marketing standards watchdog over its “threatening” tone. In November last year, Smart Pension sent a letter to business owners, stating that “failing to set up your workplace pension now could soon blow a serious hole in company […]