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Packager market worth up to £30bn, claims TMB

The Mortgage Business has estimated the size of the packager market to be worth between £28-30bn.

It says the sector has grown by a remarkable 30 per cent since pre-regulation, with the rise coming despite a number of industry figures warning there would be no place for packagers post-regulation.

TMB managing director Nigel Payne says: “These numbers clearly illustrate the important role being played by the packager market in the mortgage industry. It is well documented that many industry figures predicted the demise of the packager market following regulation. In reality, the size of the packager market hasn’t just stabilised it has soared to record levels.”


Nearly half of advisers reject with-profits

Nearly half of advisers have stopped recommending with-profits policies and 25 per cent expect to transfer more than three-quarters of their clients over the next few years.Research by FundsNetwork, which surveyed over 300 advisers, found that although one in three still see a future for well managed with-profits funds, 49 per cent have stopped recommending […]

Cann says new players waiting to see if Towry’s fee plan works

Institute of Financial Planning chief executive Nick Cann says new major distribution players with venture capital backing look set to emerge in the near future if JS&P Towry Law’s fee-based remuneration structure is successful.Cann believes City investors are looking closely to see if a genuine fee-based wealth management firm can work on a large scale […]

BM claims hybrid loan is now cheapest on market

BM Solutions has thrown down the gauntlet to Northern Rock by relaunching its Mortgage Plus range, which is in direct competition with Rock’s Together product.The offerings both combine a mortgage and a secured loan to lend up to 125 per cent loan to value and are the only products of their kind in the market.BM […]

Setting the Standard

One MM hack had a very amusing lunch with Standard Life recently.She arrived a mere (and politely forewarned) 15 minutes late, rushing into the restaurant.The meeting was punctuated with Paul good-job-he-wasn’t-drinking-red-wine Keeble throwing a glass of water all over himself and Worldwide Financial Planning managing director Peter McGahan “in his element” trying to chat up […]


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