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Purely Mortgages announces partnership with Cox Insurance Holdings

Purely Mortgages announces a strategic partnership with Cox Insurance Holdings to provide household insurance products to its customers.

Cox will deliver a fully integrated quotation system with Purely to quote on buildings and contents insurance at the initial application stage of a mortgage.

Cox business development executive Paul Firkins says: “We are delighted to be working with such an advanced organisation who are clearly leading the way in IT development.”

Purely chief operating officer Colin Bell says: “As a telephone based mortgage broker, it is important for us to establish a link with a general insurance provider that operates over the telephone and holds a strong position in the intermediary market. The options that Cox can provide to Purely Mortgages meet our current requirements and allow us to remain flexible should we want to adapt the process in the future.”


Norwich Union maintains bonus rates

Norwich Union has confirmed regular bonus rates on new unitised with-profits policies sold this year will not change in the immediate future.The bonus rate on life and investment policies remains 4.25 per cent with pension policies receiving 4 per cent and stakeholder pensions 3.5 per cent before the 1 per cent annual management charge. The […]

FSCS braced for 20,000 claims as it puts Aaron companies in default

The Financial Services Compensation Scheme has declared the David Aaron Part- nership and David M Aaron Personal Financial Planners in default, opening the floodgates for claims. Although some clients estimate they invested as much as £300,000 through the David Aaron businesses, the FSCS will only pay out a maximum of £48,000 for investment claims at […]

Pot stuff

I understand that if I want to retire on an income of £20,000 a year, I will need to build up a pension fund of £400,000. Is that correct?It actually depends on a lot of factors and, while it may well be the case that you would need £400,000, very possibly you might need a […]


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