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Paternoster in £70m DB buyout

Paternoster has taken on over £70m in assets from the buyout of five final-salary schemes.

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Aifa sets out reply to distribution review

Aifa has set up a working group to draw up its response to the FSA’s review of retail distribution. It will look to highlight the value of ind-ependent advice and provide arguments on adviser remun-eration and capital.

Stonehaven joins Ship

Stonehaven Equity Release has become the latest member of Safe Home Income Plans bringing membership to 21.Stonehaven Equity Release launched in August 2006 offering a number of lifetime mortgage products.Ship chief executive Jon King says: “We are delighted to welcome Stonehaven Equity Release to SHIP. As the third equity release provider to gain admittance to […]

MPLC launches retention scheme on “innovative” credit repair product

Mortgages PLC has unveiled a retention incentive for brokers as part of the launch of a one-year credit repair product.The offering for borrowers, which it says will be the first of its kind in the UK non-conforming market once launched next week, allows clients to remortgage after 12 months without incurring high redemption charges. After […]

Dampier poses questions over niche market

Investment trusts are “a pain” for advisers to sell and will always lend themselves to a niche rather than mass market, claims Hargreaves Lansdown head of research Mark Dampier.At a Money Marketing round table on investment trusts last week, Dampier said the fundamental question that needs to be answered is why should advisers sell investment […]

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