View more on these topics

NRAM repaid £2bn of its Government debt in 2011

Northern Rock Asset Management paid back £2bn of its Government loan in 2011, according to the results of its holding company UK Asset Resolution.

The results, which include Bradford & Bingley, show NRAM has paid back a total of £3.1bn since it separated from Northern Rock plc in January 2010.
B&B repaid £150m in 2011.

B&B and NRAM still owe the Government £26.9bn and £19.7bn respectively.

UKAR paid a further £688m to the Government in interest, fees and corporation tax, resulting in overall payments of £2.8bn for 2011, up from £1.6bn in 2010. Its underlying pre-tax profit more than doubled, from £444.1m in 2010 to £1.08bn in 2011.

Mortgage accounts three months or more in arrears reduced by 14 per cent to 33,216, down from 38,515 in 2010. However, the number of repossessed properties increased from 2,607 in 2010 to 2,705 at the end of 2011, a rise of 3.8 per cent.



Money Advice Service healthcheck fails to change behaviour

Research from the Money Advice Service shows its £2m online healthcheck is failing to deliver significant changes in consumer financial behaviour. The MAS launched its online healthcheck in June. The service is free to consumers and asks a series of short questions before generating a personalised action plan. In its latest tranche of research, carried […]

Macari joining Aegon UK as head of platform consultancy

Aegon UK has recruited former Axa Wealth head of business services Lou Macari. Macari will head Aegon’s platform consultancy unit responsible for supporting advisers moving on to the provider’s at-retirement platform Aegon Retirement Choices. He worked at Axa Wealth for 11 years and was responsible for building the training and support services available to advisers. […]

Ian McKenna: Technology the key to building scale

Two weeks ago, I looked at many of the exciting new financial services technologies demonstrated at the recent Finovate Europe conference. As someone who has probably been as much of an evangelist for the adoption of technology in our market as anyone else over the last 20 years, even I was shocked at quite how […]


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