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Will other lenders follow Portman Building Society&#39s lead and pull out of

the remortgage market?

“No, I don&#39t think so. Where else will they get the business from?”

Jim Russell, Russell & Co

“Not immediately. They must be concerned that service levels are slipping.”

Mark Harris, Savills Financial Planning

“No, there is too much money out there for them to pull out.”

Peter Brown, Mortgage & Pensions Bureau

“No I shouldn&#39t think so because we are finding a lot of lenders going

into the mortgage market at the moment.”

David Wood, Invest & protect Financial Services

“No, I don&#39t think so, not if it is still profitable for most people.”

George Emsden, Michael Phillips

“No, it is too big a section of the mortgage market.”

Declan Begley, Ryan Gardner Associates

“Yes. All the smaller lenders, particularly the mutuals, cannot cope and

will eventually disappear or be absorbed by the bigger players.”

Walter Chinn, Milverton Financial Services

“I think they are going to have to simply because there is not the level

of demand there used to be.”

Mark English, Saint & Co

“No, I doubt it. Portman probably can&#39t handle any more businesses. I

should think that is why they pulled out.”

Ian Brammer, North West Mortgages

“No, I wouldn&#39t think so. Where there is demand there is always supply.”

Peter Kalfy,Harmattan Financial Planning

no 73%

Yes 27%


Fiona Price

W hen the Women&#39s IFA Group, the new industry body, launches in Septemberit will be a culmination of Fiona Price&#39s life work. You could almost seeit as an inevitable result of the decisions she has made up to this point. From establishing her own IFA firm 14 years ago and building it into thecountry&#39s biggest […]

Widows is the shock Isa leader

Autif hailed Scottish Widows as surprise champion of its first Isa fundtables last week but prompted controversy as several listed managersexpressed concerns over the figures&#39 market-sensitive nature. The tables, which rank Autif members by their unit trust Isa funds under management, show Widows towering over second-placed Fidelity with £2.17bn undermanagement. Fidelity, with £1.55bn under management, […]

Bad connection

Am I the only IFA that suffers from hanging about syndrome or phone“queueitis”? Maybe we should have provider performance tables based on response timesto your phone call, not forgetting, of course, that past perform-ance is noguide to the future. Oh, for the days of human phone operators. At least they answered thephone. Must dash. Have […]

PIA disciplines three firms

The PIA has taken disciplinary action against IFA Wood Tompson of 46 Ridgeway, Weston Favell, Northampton for pensions review failings and ordered it to appoint external consultants at its expense to assist in the completion of its review cases. The firm has also been trading under the names Northampton Pensions Centre and Chiltern Pensions Centre. […]

Value for money in DC pensions

The Pension Policy Institute (PPI)’s recent report “Value for money in DC pensions” tries to identify factors by which people can assess whether their pension offers fair value for money (VFM). Fiona Tait provides an overview of the findings. Positive Outcomes It is extremely hard to assess VFM in a pension. Press activity naturally focuses […]


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