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Proc fees increased at Mortgage Next

Mortgage Next is increasing the procuration fees payable on many of its product lines. The scheme, which is running between 1 December and 29 February, will result in typical fee payments rising by between 10 and 20 per cent.

Marketing director Justine Tomlinson, says: &#34The objective of this special promotion is to make as many mortgage brokers as possible aware that Mortgage Next&#39s marketing proposition – products, service and procuration fee payments – is the best in the market.”


HSBC Asset Management – HSBC Ladder Plan

Type: Capital-protected bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: Lump sum £3,000-no maximum, Isa £7,000 Term: Five years Guarantee: Original capital returned in full along with 6% growth at end of term regardless of performance of index Return: Between 6% and 300% growth at end of term Closing […]

Friends confirms closure of direct sales operation

Friends Provident has confirmed it is closing its direct sales operation following a review of its distribution strategy. Friends says about 500 staff will be affected, including the sales force, of whom 150 may become self-employed appointed reps. The move means Friends will focus on distributing its products through IFAs, the enlarged AP channel and […]

Dunbar Bank – Zurich Guaranteed Capital Account Issue 5

Type: Capital protected bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £2,500-£250,000 Term: Five years and six months Guarantee: Original capital returned in full regardless of performance in the index Return: Up to 100% growth at end of the term or 30% growth at end of three years if […]

LIA wants FSA to take back industry qualification role

The LIA says the Financial Services Skills Council should be stripped of its responsibility for qualifications and have it handed back to the FSA. LIA head of public affairs John Ellis says handing this responsibility over in total to the skills council would be “risky” and a better approach to reviewing the T&C regime would […]


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