View more on these topics

Yorkshire arm to deal with non-member lending

Yorkshire Building Society is setting up a subsidiary intermediary business next year, along the lines of Britannia&#39s Verso division, to handle its non-member mortgage lending.

The society says its team of 30 intermediary account managers, who will move to the as yet unnamed subsidiary, have identified a gap in the society&#39s product range which concentrates on mainstream mortgages.

But some in the intermediary channel, which accounts for around 60 per cent of Yorkshire&#39s £2bn mortgage lending, are concerned about being denied access to the society&#39s products and clients missing out on the benefits of mutuality.

Corporate affairs manager David Holmes says: “Yorkshire does not have everything that intermediaries want as we tend to offer vanilla but good-value products. It is important to have a range of products to suit what intermediaries want.”

Charcol senior technical manager Ray Boulger says: “On balance, I would prefer Yorkshire kept the status quo as we have no problems with products or service. But I am wary of saying that without knowing what products will be offered. My concern is it will not offer good mainstream products. Verso has a limited range and its products tend to be inferior to Britannia&#39s.”


FSA dispute sees resignation of David Wootton

The FSA has intervened to stop Eurolife Assurance Company from writing new business and secured the agreement of managing director David Wootton to resign from EAC&#39s board and not to seek a senior job in the UK financial services industry.The FSA says it took this action because it was concerned that EAC was not being […]

Room service

Querying the bill in hotels and restaurants can be embarrassing, as you piece together the parts of the evening you had forgotten.Norwich Union Healthcare PR Louise Zucchi recently discovered this after ending up at the hotel bar following a PIMs-esque event recently.After ordering and drinking a bottle of champagne, Louise went to bed – only […]

Inter-Alliance appoints legal director

Inter-Alliance has appointed Michael Burne, a former head of marketing at St James&#39s Place, to the board as legal director. Burne worked as a solicitor in Allen and Overy&#39s intellectual property team before joining St James&#39s Place in 1998. He become head of legal in 2000 and more recently head of marketing, where he was […]

Global Asset Management – GAM Multi Arbitrage Fund

Wednesday, 11 September 2002 Type: Fund of hedge funds Aim: Growth by investing in fund of hedge funds Minimum investment: Lump sum $15,000 Place of registration: British Virgin Islands Investment split: 100% in fund of hedge funds Isa link: No Charges: Initial 5%, annual 1.76% Commission: Initial 3% Tel: 0800 919927


Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.


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