Vertex says up to 55 jobs in marketing, sales, under-writing and risk are at risk on its DB Mortgages acc-ount as a result of strategic changes at the lender.
GMAC-RFC managing director for sales and marketing Godfrey Blight has become the new chairman for IMLA, the association announced today.Current chairman Guy Batchelor – sales & marketing director at Lehman Brothers – will become deputy chairman. Nationwide specialist lending director Paul Howard and GE Money Home Lending chief executive officer Colin Shave both have been […]
I had to do a triple take on your report that among the top three things Patrick Gale will miss about working at Sesame are the FSA and the pressure of handling regulatory changes. (It is mildly interesting to speculate on what the third thing might be – the money perhaps?) The reason for my […]
Too little attention in the RDR debate has been focused on the consumer. Ultimately, there is a need to look back at the RDR and its core objectives. There is a need to make sure that we get a better and not just different outcome from this review. There must be a recognition that consumers share responsibility. We, as IFAs, have a unique level of access to consumers’ wants and needs.
The FSA has fined two mortgage firms and banned a third for sub-prime failings, following its investigations into the sector.
Income drawdown has become an attractive proposition. But adopting a ‘decumulation’ strategy also carries risks. What are the risks advisers need to be aware of? Read the decumulation challenge. Click here to read full article
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]