Northern Rock sales director Mark Robson claims the company has received “overwhelmingly positive” feedback from its key intermediary contacts following assurances that the company remains fully operational.
Northern Rock says savers were seeking to reinvest their money on Tuesday after the Government’s pledge to safeguard their savings calmed the mass panic seen over the weekend.The bank said eight out of 10 calls on Tuesday morning concerned reinvesting cash.Branches had been inundated with customers withdrawing their savings and closing accounts after news of […]
Leading mortgage brokers are questioning whether candidates should be paying hefty fees to be trained by mortgage networks and brokerages.Mortgage Force, The Mortgage Times Group and Home & Away are three firms which charge fees for training entrants to the loan industry.The Mortgage Times Group charges £1,250 and Mort-gage Force charges between £1,987 and £3,287, […]
Bupa’s revenue has increase 10 per cent to £2.1bn for the six months to June 30, 2007 compared to the same period last year. It says total insurance customers are up 3 per cent since year end with an underlying pre-tax surplus of £172.4m, up 23 per cent. Bupa chief executive Val Gooding says: “Bupa […]
The Legal Services Act of 2007, which opened up the legal market to competition, has put the cat among the professional pigeons. In the words of a 2015 Law Society report on what the legal profession is likely to look like in five years’ time: “Business as usual is not an option for many, if […]
Close to 15,000 people have pushed back against alleged government plans to shelve the pensions dashboard by signing a petition. This week it was reported secretary of state for work and pensions Esther McVey’s was moving to scrap the project. The petition, hosted by 38degrees, has collected 14,377 of a target 15,000 signatures in just […]
Back in May, I wrote about the pressures building in advice firms due to a shortage of highly skilled staff and the consequent costs in recruiting. With Apfa research finding profits from retail investment advice fell 16 per cent between 2014 and 2016, I thought businesses faced a worrying future. But last month’s FCA Data […]
The Pensions Regulator has appointed an independent trustee for the 15 schemes linked to the now shuttered Fast Pensions. Fast Pensions and five connected companies were wound up at the High Court in May. According to an Insolvency Service statement, it is estimated around 520 people were persuaded to transfer a total of at least […]