The Association of Finance Brokers has been formally established to represent secured-loan advisers.It will become part of Aifa and will be a sister trade body of the Association of Mortgage Intermediaries. The announcement comes two months after the AMI and the Corporation of Finance Brokers’ published their plans to form a joint organ- isation. The AMI said earlier this year that it expects around two-thirds of mortgage adv- isers to offer secured loans in the next year. AFB director general Chris Cummings says: “Brokers will benefit from a higher profile and greater opportunities to influence the future of second-charge lending. We will lobby politicians, regulators and policy makers in the UK and Europe on AFB members’ behalf and we will seek to improve the business climate in which brokers operate and help secure proportionate regulation..” Loan broker Freedom Finance managing director Tony Machin says: “Loan brokers have been without an effective trade body to represent their views and lobby on their behalf. Loan brokers need to make their collective voices heard and the AFB will do an excellent job.”
Legal & General is warning that Norwich Union’s NPSS alternative could expose consumers to financial risk. At a summit in London last week launching the Government consultation into the Pensions White Paper’s proposals, L&G pensions strategy director Adrian Boulding said NU provided little clarity on how it would ensure that contributing to a pension was […]
The UK’s biggest lender is shaking up the market with its revamped retention strategy, reports Guy Anker
Harry Baldwin has joined Winterthur Life as IT development manager to expand its Professional Edge range of adviser support services. Baldwin was previously in a freelance role providing IT consultancy to IFAs.
GE Money Home Lending brand First National is moving into prime mortgages with a pilot with three intermediaries – Pink Home Loans, Abacus Permanent and Optoma Broker Solutions.
Helen O’Hagan, Technical Manager at Prudential, looks into the planning strategies that can deliver considerable tax savings for your clients. Inheritance tax (IHT) Consider Margaret, featured on our Planning Matters family hub, who is a sprightly eighty year old with four children and several grandchildren. She’s recently been widowed and IHT planning is high on […]
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The Financial Ombudsman Service has appointed Money and Mental Health Policy Institute vice chair Richard Lloyd to lead an independent review into its complaints handling process. The former Which? executive director has been charged with producing a report into FOS’ practices after a Channel 4 documentary earlier this year suggested a number of failures at […]
Aberdeen Standard Investments has voted against multi-million pound payouts for senior executives at housebuilder Persimmon. Persimmon held its annual general meeting today. There was a huge outcry at the end last year when it emerged the chief executive, chief financial officer and managing director of Persimmon were in line for huge pay packets as a […]
Consideration of non-pensions related tax-advantaged investment is becoming more necessary This week I want to take a look at where things stand in relation to pensions and planning using tax-advantaged investments following the Spring Statement. With the increasing impact of the lifetime and annual allowances, consideration of non-pensions-related tax-advantaged investments is becoming ever more necessary […]