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Premier Mortgage Management receives MTA letter

Premier Mortgage Management has received its minded to approve letter from the FSA.

PMM provides an introducer service for mortgage leads to other advisors. An option which managing director Mark Mountney says is a viable alternative to direct regulation or the appointed representative route.

He says: “Both of the latter come at a cost. There is a zero cost in referring your clients to a reputable third party who is doing all the work and paying you, the adviser, for the privilege. The positives of being an introducer are many. The negatives of being a DR or AR are equally numerous. In many cases where mortgage volume is low and ancillary to the mainstream business, the decision should be a &#39no brainer&#39.”


House of Finance chooses Trigold

House of Finance launched on July 1 as a national network of mortgage consultants and has chosen Trigold technology to provide a wholly customised mortgage sourcing service to brokers. Licensed mortgage consultants will use a white-labeled version of Prospector and Compliance Shield to source from two available panels, a packaged panel with enhanced procuration fees […]

Axa aims for principal role with panel of 40

Axa is to become a mortgage principal for its tied advisers and others searching for a principal after FSA regulation starts on October 31. The company last year set up Axa Mortgage Solutions, which allowed its tied salespeople to conduct mortgage business. Axa is following rival insurers Legal & General and Friends Provident in setting […]

IFAs take double hit on disorganisation

A survey by consultancy Vignette into the efficiency of the financial supply chain has found that most IFAs believe the inefficiency of product providers and disorganisation of clients are at fault in slowing down admin processes. IFAs say 58 per cent of product providers are disorganised and 17 per cent regularly lose customer documentation. On […]

GE Life claims drawdown plan offers potential IHT savings

GE Life is introducing a phased drawdown plan it claims can minimise potential inheritance tax liabilities. The product is aimed at clients who require income but not a one-off cash lump sum and would suit someone wanting to manage the transition from part-time employment to full retirement, says GE Life. The company says it will […]

India Election Update

What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.


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