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Tenet launches new mortgage network

Tenet is launching LIME (Lifetime Insurance Mortgage Experts) as an extension of its existing mortgage network.

Tenet says LIME will provide advisers with professional indemnity insurance support, life assurance and general insurance panels, mortgage and general insurance sourcing software, marketing and business development support and FSA application assistance as well as exclusive mortgage products and regular training.

Chief executive Simon Hudson says: “I believe LIME is by far the best offering in the market. Unlkie some other offerings, this business is highly funded, understands the market, is offering market leading products and can provide full compliance support, all at a highly competitive price.”


IFA uses Tax Act to invest pensions in residential property

Midlands IFA Central Financial Planning says a section of the Income & Corporation Taxes Act 1988 has allowed it to develop an approved company pension scheme that can invest in residential property.The self-invested benefit arrangement allows company directors to receive normal pension tax reliefs on their contributions but invest without any restrictions.The Inland Revenue has […]

Halifax set for first flexi loan

Halifax is planning to offer a fully flexible mortgage for the first time later this year. The product is described by head of intermediary markets Jack Saxton as being halfway bet-ween a standard mortgage and an offset.It is expected to have all the usual flexible features, including the possibility of making lump-sum payments and taking […]

FSA fines Bank of Scotland £1.25m for money laundering rule breaches

The Financial Services Authority has fined Bank of Scotland £1,250,000 for failing to keep proper records of customer identification as required by the FSA&#39s Money Laundering Rules. The FSA&#39s investigation confirmed weaknesses in BoS record keeping systems and controls across its retail, corporate and business banking divisions. In over half of the sample of accounts […]

FSA to probe accounting and monitor review of mutuality

The FSA is to review Standard Life&#39s accounting procedures and says it will monitor the life office&#39s own strategic review into its mutual status. Independent experts will investigate the divergence between Standard&#39s most recent calculation of liabilities and earlier figures. Protracted negotiations between the FSA and Standard over the interpretation of the new realistic reporting […]

How to use wills to protect your clients’ wishes

March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]


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