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Do you think that Abbey National can mount a significant challenge to HBOS&#39s dominant position in the mortgage market?

“I don&#39t think they would succeed in becoming number one – they have a lot of problems which they are resolving slowly and their image has been affected by this.”

Michael Freedman, Bruce & Partners

“They are going to struggle, to be honest. HBOS is so far in front.”

Clive Stainton, Reid & Co

“I agree with that. I think that anyone that can offer a greater product range has got to be a benefit.”

Paul Lambert, The Mortgage Shop

“It would be healthy to see Abbey National challenge HBOS&#39s market share for the sake of competition. But whether they have completely got their act together enough to do it, I don&#39t know.”

Brian Wright, Brian Wright Financial Services

“Yes. It is possible that it could happen but it is up to the management.”

Prem Duggal, Singh Financial Services

“No, not unless they reinvent themselves and become more cutting-edge. I see them as a lender which just follows the crowd.”

Geoff Hartley, Vale Insurance Services

“No. It has got to sort out its admin first and you cannot get hold of anyone. We tend to steer away from them both anyway.”

Jeff Hopkins, Jeff Hopkins

“No. I do not deal much with Abbey but I do with HBOS because it has better service and sharper delivery.”

Man Lau, MFL Financial Management

Yes 25%

No 63%

not sure 12%


Britannia Intl to sell bonds via IFAs

Britannia International, the offshore arm of Britannia Building Society, is widening its reach in the IFA market following the success of products sold by its own IFA arm. For the last eight years, the provider&#39s structured products have only been available directly or through its two RIs. The first product to be distributed through IFAs […]

Master Adviser drops Invesco for Millfield investment

London IFA Master Adviser has criticised Invesco Perpetual for pumping money into loss-making national IFA Millfield Group. The firm has suspended all dealings with Invesco Perpetual, saying it will not place any of its clients&#39 money in Invesco funds as it cannot trust an investment process which views Millfield as a solid investment. Misys member […]

Kick out churners

The letter from a “non-churning IFA” struck a chord with me (Money Marketing, August 7). I expect that most of your readers will know of at least one adviser that has been churning in the 1 per cent world. Presumably, most product providers have been funding such behaviour from their with-profits reserves, which must now […]

Scottish Equitable International offers redemption to cash rich companies

Scottish Equitable International has created a capital redemption version of its Dublin private client portfolio. The capital redemption private client portfolio differs from the company&#39s existing portfolio bond in that no lives are assured. The capital redemption structure is more appropriate for businesses and corporate trustees because the death of an individual will not automatically […]


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