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United Group reassures mortgage brokers Hips will not threaten business

The United Group is encouraging mortgage brokers to start making plans for the launch of home information packs and not feel threatened by them.

Concern has been expressed that brokers could be sidelined by HIP providers, who could offer clients a mortgage proposition at the time of arranging a HIP.

The Association of Mortgage Intermediaries has, for example, recently urged mortgage brokers to seriously consider how they will prepare their business for HIP implementation. With many firms focussed squarely on FSA regulation, it has warned firms to monitor the HIP plans just as closely.

Sales director Alan Dring says: I know from anecdotal feedback from brokers that HIPS are not yet on their radar screens. When I ask why not they tell me its because they do not yet know enough about the range of HIPS services which will be available to them. I can confirm that the United Group, owners of eConveyancer, will be providing a comprehensive HIPS solution which brokers will be able to sell to their clients. We will be announcing full details during the first part of 2006, but I encourage brokers to start thinking in


Fighting for a common cause

The view that industry bodies are ineffective in “fighting” the regulator is sometimes expressed in the industry.

Swip swipes Gartmore’s Stewart

Scottish Widows Investment Partnership has recruited Gartmore’s Alix Stewart to run its corporate bond plus portfolio. Stewart ran Gartmore’s corporate bond fund.

Sargisson chosen to head UK operations for IFG Group

IFG Group, the Dublin-based financial services company, has appointed a new managing director for its UK division. Tim Sargisson takes over the role with immediate effect. He joined IFG Group in 2002 as managing director of London firm Pensions Associates Limited and recently oversaw its merger with Manchester-based Santhouse Whittingdon Actuarial Services to form PAL […]

Advisers share booty from New Star float

Two of the industry’s highest profile advisers who backed New Star Asset Management from launch are playing down their holdings as it floats on the Aim this week. Hargreaves Lansdown director Peter Hargreaves has seen his 50,000 investment more than double to 120,000 in five years while Chelsea Financial Services managing director Darius McDermott has […]


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