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One Stop Mortgage sets up UK arm

US sub-prime lender One Stop Mortgage is launching a subsidiary in the UK, also called One Stop Mortgage. It opened for business to intermediaries last week. The US wholesale lender did $1.2bn in completions last year. One Stop Mortgage is a wholly-owned subsidiary of Aames Financial Corporation.

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PIA ready to probe drawdown business

The PIA is to crack down on income drawdown with a sweeping review early next year of the way the product is sold. The review has sparked fears that the PIA could fine and suspend advisers found to be non-compliant in the way they sell drawdown – one of the most complex areas of retirement […]

Critical decisions to be made over income drawdown

Some pension experts are warning of yet another glitch in income drawdown. The latest doubt is another spin on critical yields. In the past six months, some gurus have warned that high upfront commission could mean critical yields of 14 per cent or higher will be needed to ensure that the client is not worse […]

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