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Network Data opens to smaller packagers

Network Data’s network for mortgage and insurance intermediaries will now be available for smaller mortgage packagers. Packagers will be able to become an appointed representative of Network Data, thus avoiding the costs involved in becoming directly regulated. They will also be able to make use of Network Data’s packaging software. As an appointed representative, the packager can then sign up its own brokers and pass on the benefits of appointed representative status. These brokers will have to place all their mortgage business through their appointed representative.


New chief executive at Yorkshire Building Society

Iain Cornish is to take over as chief executive of the Yorkshire Building Society on July 1. He takes over from David Anderson, who is leaving to become chief executive of Jobcentre Plus, part of the Department of Work and Pensions. Anderson has filled the role of chief executive of the Yorkshire for seven years. […]

Critical axe falls on three at Pru

The axe has fallen at the Prudential, with three senior members of staff losing their jobs following the storm of controversy which greeted its fateful decision over critical-illness cover last month.Director of product development Richard Field, director pensions & protection Richard Taylor and senior protection product manager Keith Bevan all left last week.A statement from […]

Is final whistle about to blow?

Last week, I introduced the latest Inland Revenue contribution to the debate on the tax treatment of dividends received by non-working or insufficiently working spouses and partnership profits received by similarly non- or insufficiently working partners, usually spouses. I would like to look at examples given of where amounts received by the non-worker could, in […]

&#39Test products in similar way to medicines&#39

Financial services products should be stress-tested in the same way as pharmaceutical products to reduce the risk of providers paying compensation, says FSA managing director of regulatory processes & risk directorate Carol Sergeant.The low level of financial literacy of most consumers means that providers must stop launching over-complex and faulty products or face renewed misselling […]


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