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Pitt quits Future Mortgage

Brian Pitt, sales & marketing director at sub-prime lender Future Mortgages, has resigned from the group.

Pitt, one of founders of the company, left this week after six years. Despite his sudden departure, Future says negotiations about his leaving were amicable.

He has not yet been replaced.


FSA to publish &#39simple guide&#39 to handbook

The FSA has pledged to design a simple guide to its regulatory handbook after a report by its practitioner panel criticised it for not being user-friendly.Following the report published in January, FSA head of investment firms David Kenmir admitted that he struggles at times to understand some aspects of the handbook.At a PI roadshow hosted […]

ScotEq ends guarantees on stand-alone cover

Scottish Equitable Protect has stopped offering guaranteed premiums on stand-alone term and critical-illness policies.The move follows the introduction of reviewable rates across its range of policies in January.Guarantees will still be available on combined term and critical-illness policies but they will face an average increase of 20 per cent, with further gradual increases predicted.Unlike other […]

nvesta – Quad Tracker Plan

Friday, 4 April 2003 Type: Capital protected bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £3,000-£2m Term: Six years Guarantee: Original capital returned in full providing index does not fall by more than 50% Return: Up to four times the growth in the index subject to a maximum of […]

Plan for second captive PI firm

Plans are being made for a second captive professional indemnity insurer for IFAs, with a scheme backed by a “major London broker” looking to set up a Gibraltar-based insurer selling PI cover into the UK.The scheme, which could launch as early as the end of May, has the necessary start-up capital in place and is […]


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