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Staffordshire Building Society chief exec elected to CML

Staffordshire Building Society chief executive Keith Page has been elected to the Council of Mortgage Lenders.

Page will use his position as a member of the Council to call for greater education of the general public concerning financial matters.

Page says: I have joined the Council at a time when there is significant change within the industry and the Government is looking at the case for the regulation of the mortgage market.

&#34In my role I will help determine the future direction of the mortgage market which I believe should focus more on lenders understanding the needs of the consumer and investing time and resource to improve levels of financial education within the general public.&#34


Halifax announces 5 per cent increase in profits

The Halifax has announced a 5 per cent rise in the group&#39s pre-tax profits for the first six months of the year.The group saw profits rise by £42m to £885m from £843m for the same period last year. In line with its strategy the group reported that 35 per cent of the total profit now […]

CD-Rom looks at portfolios

Keydata is to release a themed interactive CD-Rom focus ing on portfoliomanagement services.IFAs say it is difficult to track performance following Autif&#39s decisionto drop the fund of funds sector from its classifications.The CD-Rom will include video presentations from Gartmore, HendersonInvestors, Lazard, ABN-Amro, Martin Currie and Henry Cooke.Keydata launched its first CD-Rom in February and distributes […]

Mortgage life sales drop 25 per cent at CGU Life

New mortgage life business fell 25 per cent over the first six months of the year according to latest figures from CGU Life.The figures reveal mortgage life business dropped £6m in terms of equivalent premium income to £18m for first half of the year compared to £24m in for the same period of 1998.The life […]

Government to draw up model mortgage proposals

Government intervention in the mortgage market looks to be a near certainty according to today&#39s Financial Times.The FT says Gordon Brown has asked his junior ministers to draw up suggestions for a &#39model mortgage.&#39The move comes against the backdrop of the Government&#39s recent announcement of a wide ranging review of the selling of home loans.The […]

Auto enrolment – so far so good?

Jamie Clark – Business Development Manager The recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report. Auto enrolment in numbers Sources: Pensions Policy Institute, The Future Book: Unravelling […]


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