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Namba bids to bring in more IFAs

The National Association of Mortgage Brokers and Advisers has appointed Charles Gooding as chairman of its steering committee in a bid to recruit more intermediaries.

Gooding, managing director of national mortgage broking firm One Mortgage Solution, will oversee the creation of Namba&#39s development group intended to represent the views of brokers and advisers.

He says he is keen to differentiate Namba from other organisations in the market such as the Intermediary Mortgage Lenders&#39 Association by positioning it as a professional organisation representing individuals and not a trade body for firms.

Namba is also in contact with the LIA and Aifa about how they can work together to represent mortgage brokers and to discuss the effects of the FSA&#39s polarisation review and the Treasury&#39s Regulating Mortgages consultation.

Gooding will replace Namba chief executive Julian Jennings as the public face of the organisation. He says Jennings will provide back-up for Namba in a facilitating role.

Gooding says: “There is a need for a professional body with the concern over what is going to happen as a result of regulation.”


Merrill Lynch – FTSE 100 Stepped Growth & Income Investment

Wednesday, April 17 2002 Type: Capital protected bond Aim: Income or growth linked to the FTSE 100 index Minimum-maximum investment: £7,000-no maximum Term: Seven years Guarantee: Capital returned in full provided the FTSE 100 does not fall by more than 39% Return: Up to 170% growth at end of term or 8% gross a year […]

Life policyholder taxation

Part assignments by way of giftOne of the changes made in Schedule 28 Finance Act 2001 was that an assignment of part of the rights under a policy by way of gift which takes place in a policy year which begins after 5 April 2001 will no longer be capable of giving rise to a […]

Shawlands fined £140k for compliance failures

Shawlands Financial Services has been fined £140,000 by the FSA.The IFA firm, formerly Frizzell Life & Financial Planning, was disciplined for poor record-keeping and associated compliance breaches.This is the first such action the regulator has taken under its new powers adopted at N2 last November. The IFA, which ceased trading in January, will compensate 12,000 […]

Halifax picked for new government savings initiative

The Treasury has selected the Halifax to pilot its Savings Gateway initiative during a two and a half year trial period. The announcement, included in the documents accompanying the budget, means that from August, the high street bank will be the sole provider of one of the Treasury&#39s key initiatives to motivate lower earners to […]


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