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Seller&#39s pack cast aside for now but LTC bill gets through

The dissolution of Parliament ahead of the general election has led to

seller&#39s packs falling by the wayside while proposals on long-term care

just scraped through.

The election also means that the announcement of the second Myners&#39 report

has been put on hold.

The failure of the Homes Bill, which contained the proposal for seller&#39s

packs, to pass through Parliament as a result of strong opposition in both

houses has been welcomed by the mortgage industry.

Intermediary Mortgage Lenders Association chairman John Heron says: “We

feel the measure was ill conceived, poorly researched and going to be badly

implemented. In short, we would be happy to see it sink without trace.

Legal & General housing PR manager Peter Timber-lake says: “It is highly

possible that the Homes Bill will be introduced in the next Parliament. It

should also be remembered that seller&#39s packs are just one of a number of

measures aimed at improving the housebuying process.

“The momentum generated by the industry means that the pace of change in

the housing market will continue whether or not the Homes Bill is


The passage of the Health and Social Care Bill has been welcomed by

product providers and means that free nursing care will be introduced in

England and Wales in October this year.

Norwich Union long-term care strategy manager Sandy Johnstone says: “I am

deligh-ted the bill has been passed. It would have been very difficult to

envisage how things would have panned out if it had not.

“We now look forward to seeing the guidance issued on nursing care, which

is vital for advisers to people thinking of buying LTC.”


Scheme to probe complaints against FSA

The FSA has published its final arrangements for inv-estigating complaintsagainst itself from firms and con-sumers. Its scheme will start onSeptember 1. The scheme covers procedures for dealing with allegations ofmisconduct by the FSA.

Aifa accepts idea for advice

Aifa says it is keen to work with consumer bodies to develop a new type ofgeneric adviser, offering free or lowcost advice to lower-incomeindividuals. It says it now supports the debate on increasing access to financialadvice after it had expressed initial concern over the Consumers&#39Association and the FS Consumer Panel&#39s suggestion of creating a“para-financial adviser” […]

For sale signs go up at DBS

DBS Financial Management has officially put up the for sale boards afterMoney Marketing revealed last week that it was in talks with Bank-hall&#39sowner Lynx. DBS&#39s share price rocketed to 83.5p from 53.5p following Money Marketing&#39sstory. The 56 per cent increase gives the company a market capitalisation ofabout £42.4m compared with around £27m a week ago. […]

Nottingham wanders in the flexible forest

Nottingham Building Society has introduced a flexible mortgage which has a 1.75 per cent discount in the first six months.The mortgage has an initial payable rate of 4.40 per cent and is available for loans of up to 95 per cent of valuation. Borrowers can make underpayments and overpayments, take payment holidays and interest is […]


Five ways to make your employee focus group session a success

by Debra Corey, group reward director  You just planned and booked what you thought was the perfect vacation for you and your family. You call everyone together to share the great news and instead of receiving sounds of glee and delight, you receive groans and complaints.Your youngest says: “I hate beaches, didn’t you know that?” (You think to […]


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