View more on these topics

Private Label allows online applications

Private Label is setting up an interactive website which allows intermediaries to complete mortgage applications online.

A mortgage search facility on the site can produce illustrations compliant with the Consumer Credit Act, which can be printed and given to clients.

It offers key features documents, reasons why letters and decisions in principle. IFAs can also access product guides, application forms and sales aids which are available for downloading and printing.

Development of its website has followed research into intermediaries&#39 views on internet-based mortgage applications.

Director of marketing Tony Fisher says: “The research showed intermediaries do not necessarily just want to use the internet to submit applications online but also want to use it as a cost-saving tool. By giving them a search engine, compliant quotations and documentation, we are helping the intermediary reduce the amount of paperwork normally associated with a mortgage sale.”


ABI publishes income protection best practice statement

The ABI is publishing a revised statement of best practice for income protection insurance to deal with the concerns of the Office of Fair Trading. The statement also includes an ABI Saltr raising standards initiative compliant key features document for income protection.

ABI in talks to stop big medical report fee rises

The ABI is battling with the British Medical Association to stop an increase in medical report fees which could see the price of life insurance and critical-illness cover premiums rocket. The ABI is meeting this week with the BMA, which is planning to more than double the fee for a gen-eral practitioner&#39s report from £30.10 […]

Bank of England cuts mortgage rate

The Bank of England monetary policy committee has cut interest rates by 0.25 per cent to 5.25 per cent, their lowest level for over 30 years.The cut was widely expected as inflation has remained below the Government&#39s 2.5 per cent target and fears of a downturn in the economy persist.

Tories&#39 granny bonds aim to protect assets

The Conservatives have unveiled proposals which will allow long-term care insurance policyholders to ring-fence their assets if the costs of care exceed their level of protection. People would be encouraged to take out LTC insurance to meet expected costs of care, estimated at £25,000-30,000. If the fund turned out to be insufficient to meet the […]

Retirement - thumbnail

(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm