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Praise for CML staff’s generosity

The Council of Mortgage Lenders has received an award from Workplace Giving UK in recognition of the generosity of director-general Michael Coogan and his team.

At least 20% of staff make regular donations to their favourite charities directly from their pay via a Workplace Giving scheme, which is pretty good going – the government’s benchmark for excellence (its terminology, not ours) is set much lower, at a participation rate of 10%.

“We have made a record-breaking 24 awards this year,” says Peter O’Hara, managing director of Workplace Giving. “It is important to say thank you to all the people in a company, not least the participating employees. Staff have helped to raise more than £2.5m for charities this year alone.”

All donations are taken from employees’ gross pay and are therefore tax-efficient. It’s also the a for higher rate taxpayers to automatically give an extra 40% to charity.


FSA orders lenders to treat customers in arrears fairly

The Financial Services Authority has written to the chief executives of all mortgage lenders and mortgage administrators giving them until January 31 to ensure their customers facing arrears are being treated fairly.The letter is the second warning to lenders from the FSA in recent months. It comes in light of its earlier review which found […]

L&G brokers report a return to confidence

Brokers are beginning to feel more confident about business prospects over the next three months, the latest data from Legal & General reveals.


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