View more on these topics

NU plans to outsource quotes for societies

Norwich Union is looking at outsourcing the generation of all quotes for its tied building societies.

It is in talks with portals on an outsourcing deal, with Webline understood to be one of the main contenders.

NU says it is looking at ways to improve efficiency. Head of media relations James Evans says: “It is certainly something that we are looking at. We want to develop our capabilities for our partners on our online offering.”

Webline spokeswoman Nicola Mitchell says: “We are in discussions with Norwich Union about outsourcing building society quotes.”

London & Country mortgages IFA David Hollingworth says: “I guess that NU is looking at cost versus time. Outsourcing is a very attractive prospect but whether it increases efficiency we will have to wait and see.”

NU&#39s society ties include Cheshire, Stroud & Swindon, Nottingham, Derbyshire, Peterborough and Coventry.


LibDems take a radical pension view

On September 7, the Liberal Democrats announced a comprehensive set of pension policy proposals for their annual conference. Even if you doubt whether the LibDems will win the general election this is important because the other parties have time to steal the best bits and incorporate them into their own pension policy for the general […]

Papers still keep on pouring out

Somewhere along the line, I thought we had been led to believe that there was to be a respite from all these flaky consultation papers. But they continue to roll out regardless. What&#39s more, I keep seeing these invitations to attend these costly dissertations at Canary Wharf on all manner of subjects. We need a […]

West Bromwich Building Society – All in 4.75%

Type: Fixed-rate mortgage followed by discount Fixed term: 12 months Fixed rate: 4.75% Discounted term: 12 months Discount: 1% Minimum loan: £25,001 Maximum loan: Up to 75% of valuation subject to a maximum of £500,000 Income multiples: Up to 3.75 times principal income plus second or three times joint Conditions: Six months&#39 free mortgage payment […]

Commentary – The long and the short of education

T here is more to financial education than inclusion on the national curriculum. Who could have predicted that the nation&#39s savings habits would become one of the hottest election issues? The recent resignation of Andrew Smith as Work and Pensions Secretary means that pensions and savings have become a political hot potato. The industry, the […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment