View more on these topics

Nationwide’s Stuart Bernau becomes new CML chairman

Nationwide Building Society commercial and treasury director Stuar Bernau today becomes the chairman of the Council of Mortgage Lenders.

He succeeds the former chairman, Standard Life Bank’s Anne Gunther.

The deputy chairmen are RBS group director of mortgage sales and intermediary development Charles Haresnape and Cheltenham & Gloucester and Lloyds TSB bank savings managing director Jon Pain.

Stuart joined Nationwide in 1990, following an earlier period at NatWest. At Nationwide he has held a number of different positions, and was appointed to the board in 1996. He is on the board of the Financial Services Skills Council.

Bernau says: “In 2005 the industry needs time to bed down on the regulatory front. One of my aims is therefore to make sure that UK and European regulatory developments do not cause short-term disruption so soon after the FSA’s wholesale overhaul of mortgage regulation.

“2005 is also set to be a slower year for the mortgage industry in terms of business volumes, and this will provide another challenge. Another priority for the CML will be negotiating with policymakers to get the right framework in place for a long-term affordable, sustainable, flexible housing market.”


NU pension sales drop 10% after commission cut

Norwich Union has seen pension business fall by 10 per cent since cutting commission last September. The fall put a dmaper on generally positive results for the firm, which last year saw life and pension sales increase by 9 per cent to £2.55bn from £2.37bn in 2003 on an annual-premium equivalent basis. For the first […]

HBOS to shun basic advice

HBOS Financial Services is shunning basic advice and will continue to offer full advice on stakeholder products through its Halifax branch network from April 6. The group is launching the Halifax cautious managed fund, to be run by sister group Insight Investment, as its default stakeholder medium-term savings product on the same date. HBOS was […]

Powerful incentives

The Pensions Policy Institute website at www.pensions is a mine of useful information and not just for people interested in high-level pension policy issues.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm