View more on these topics

RBSIP to shake up brands

Royal Bank of Scotland Intermediary Partners admits its intermediary brands are not performing well enough but has thanked brokers for sticking by it through its turbulent start.

RBSIP, set up in February, promises that its four brands will be much improved by its first anniversary after conceding that it has had a number of service problems.

It has revised forecasts about the launch of its online application facility, which will be available before Christmas, after saying it would be unveiled next year.

In June, Hamptons International Mortgages managing director Kevin Duffy called for NatWest to capitalise on its historical strengths of understanding the specialist market.

RBS consumer finance managing director Jayne-Anne Gadhia says: “NatWest has got a long way to go to be the specialist lender of choice. We are working on innovative products where we have not performed well enough. NatWest is famous for offering good terms for self-employed and buy to let and I want us to go to our roots.

“Our issues with service and online capability should be resolved by next February. We thank brokers that have stuck with us even when we did not provide first-class service.”


DWP rapped over disclosure delays

The Department for Work and Pensions has been criticised for delaying reforms to the disclosure requirements for defined-benefit schemes. The regulations, designed to bring disclosure requirements in line with defined-contribution schemes, would have forced DB schemes to produce an annual statement of benefits to members from next April. But pension reform minister James Purnell said […]

IFAP backs Aifa on fees-based model

IFA Promotion has pledged its support for Aifa and the Institute of Financial Planning’s initiative to help IFAs move to a fee-based model. IFAP data reveals the number of enquiries for details of fee-only IFAs increased from 13 per cent to 17 per cent last year.

Assigned deal could boost PTA business

The Revenue is to allow mortgage lenders to be assigned the rights to death benefits on pension term assurance policies in a move which is expected to boost sales of PTA products. Legislation from the Revenue was unclear on whether customers taking out mortgages where the provider required them to have life insurance with the […]

State of the markets: UK equity income

Artemis Income Fund manager Nick Shenton discusses the state of the UK equity income market with journalist Alexis Xydias. With the first three months of 2015 showing strong returns for both the Artemis Income Fund and UK markets generally, Nick Shenton discusses the fund’s top contributors – including overseas holdings Novartis and Bayer – and […]


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 advice.

    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