View more on these topics

Woolwich and Abbey are set to break up Rock share

Woolwich and Abbey have been tipped as two balance sheet lenders that could seize a big part of Northern Rock’s market share.

Mortgage Force managing director Rob Clifford told the Money Marketing sub-prime round table that Abbey have grabbed an early lead in terms of emulating a product like Northern Rock’s Together product.

But John Charcol senior technical manager Ray Boulger said that Woolwich is an interesting case as it has just come out with some very cheap fixed-rate products and has made a point it will not be putting up its tracker rates.

Clifford said: “It is a massive opportunity and I think some mainstream lenders with some big bank sheets could certainly steal that market share. However, most of the mainstream lenders are not very interested in the risk profile or the range of innovation that Northern Rock delivered to the intermediary market.”

Boulger added: “It will give those that do not have funding issues the opportunity to not only be a part of the market share for 2007 but also to get well ahead of the game for 2008.”


Bank swerve steadies nerve

The Bank of England has performed a dramatic U-turn by saying it will pump £10bn into the money markets in to ease the liquidity crunch and reduce three-month Libor.It had steadfastly refused to provide extra liquidity despite earlier action taken by the US Federal Reserve and European Central Bank to pump cash into the system.The […]

ETF Securities looks forward to the future

ETF Securities has added to its range of exchange traded commodities on the London Stock Exchange, giving investors access to commodities to commodity futures prices linked to the Dow Jones-AIG Commodity 3 Month Forward Indices.

Acronym and acrimony

Last week’s comment piece in Money Marketing in which Towry Law chief executive Andrew Fisher suggested that Aifa really stands for Amalgamation of Ignorant Flat Earth Advocates is unlikely to win him many friends among readers of this newspaper.

Industry under fire over pension freedoms

By Jamie Clark, Business Development Manager, Royal London Recent articles in the media have raised concerns about the new pension freedoms. One perceived problem is that across the industry, trustees and providers are not necessarily allowing people to take full advantage of the pension freedoms in situ. This is backed up by a recent survey by […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm