Rooftop Mortgages is to allow Sesame appointed reps and smaller packagers direct access to its products to increase business by 30 per cent this year.It has set up a Rooftop Service Centre in Southend to cultivate new business relationships with smaller packagers. Previously, they would had to go through a big packager to get access to the products. A no poaching clause has been added to packager agreements to allay fears that it will be taking business from bigger packagers. Rooftop Direct will allow network ARs to use Rooftop Mortgage products directly. Rooftop says the initiative will initially be restricted to Sesame but hopes to extend the service to other networks. Managing director Jonathan Naylor says: “We kept existing packager relationships at the forefront of considerations as it would not make sense to cannibalise these relationships.”
Tracker Protected Profits Fund
Prime Minister Tony Blair’s calculated attack on the FSA shows the Government lacks a coherent strategy on the regulator, claims Tory Shadow Financial Secretary to the Treasury Mark Field. The MP for London and Westminster says Blair’s stinging speech to the Institute for Public Policy Research in May – in which he acknowledged the damaging […]
BCWA Healthcare is teaming up with the Womens’ Financial Adviser Group to launch a series of networking dinners for members. BCWA will sponsor dinn- ers at top restaurants around the country. Quarterly events will run in Reading, Bristol, Manchester, York, Birmingham and London. Other events will be held in Cardiff, Cheltenham, Manchester, Edinburgh, Glasgow, Cambridge, […]
The fund manager merry-go-round just never stops. We are told that one in 10 funds are affected by a fund manager move every year. There have been 120 changes already this year.
Dividends are under pressure in some areas: but reliable yields can still be found. So says Adrian Frost, manager of the Artemis Income Fund, in conversation with Lawrence Gosling.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]