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PMPA is looking at the potential of becoming a lender

The Professional Mortgage Packagers Alliance announces it is in discussions with a number of providers looking at the potential of becoming a lender in its own right.

This would be specifically driven to enhance PMPA’s range of services to mortgage intermediaries. Based on CML figures, PMPA contributes more than 25 per cent of non-conforming completions.

PMPA operations director Jon O’Brien says: “PMPA has been approached by a number of interested parties over the last few months. It is apparent that there are funders with an appetite to secure distribution in specific areas of the market, most notably in the non-conforming arena. Whilst we have not made a firm commitment as a group we feel it would be foolish not to investigate the benefits of having our own lending facility. It is probable, that should we make a decision to proceed, this will happen in the next two or three months. We would expect such an arrangement to be complimentary to the range of services we already enjoy with our current lender partners.”


Credit Suisse predicts continued mid cap growth

Credit Suisse Asset Management believes that mid cap growth stocks are particularly attractive. Credit Suisses mid cap 250 fund, launched in November 2003, returned 21.9 per cent over the last year, compared to a 12.8 per cent growth in the FTSE all-share over the same period.

Axa restores faith in service

We are all now wearyingly familiar with the dire and ever worsening standards of admin and service from virtually all the once stalwart life offices, in particular on existing business.

Product matters

Residential investment opportunitieshave been high on IFA wish lists over the past few years but there has been precious little available to satisfy investor demand.

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David Cameron appoints former adviser to Tony Blair as new pensions minister

Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.


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