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Abbey appoints non-executive director

Abbey has appointed Rosemary Thorne as a non-executive director with effect from July 1 2006.

Thorne is currently chief financial officer of Ladbrokes and was formerly group finance director of Bradford & Bingley, J Sainsbury, and group financial controller of Grand Metropolitan.

She is currently a non-executive director of Cadbury Schweppes and a member of the Financial Reporting Council, Financial Reporting Review Panel and Hundred Group Main Committee.

Thorne will also be appointed to Abbeys Audit and Risk Committee.


Consumers turn to the internet for cheaper deals

Nearly twice as many people would be likely to apply for a mortgage online if they could be sure they were getting the cheapest deal available, reveals research from Direct Line Mortgages. With almost 80% of respondents to Direct Lines first online mortgage index anticipating that online mortgages will become more popular, the direct mortgage […]

Scottish system is best, say experts

Implementing the Scottish house buying system in England could have a greater remedial effect on gazumping than Home Information Packs, say experts. Although HIPs are being championed by the government as a way to protect consumers from speculative sellers and cut the incidence of sales falling through, some in the industry believe overhauling the legal […]

Affordability under scrutiny

Affordability was once again in the spotlight last week after Fitch Ratings highlighted the lack of a market standard and the varied ways in which lenders calculate it. The credit rating agency under- took research into the increasingly sophisticated methods that lenders are adopting to assess borrowers’ ability to meet their obligations in the sub-prime […]

BM Solutions to extend transfer offer to self-cert deals

BM Solutions is planning to extend its pilot product transfer fees on sub-prime products to include its self-cert range. In March BM Solutions piloted a range of credit repair products for its sub-prime client base which included product transfer fees. Following positive feedback from brokers it is extending this pilot to cover self-cert, both sub-prime […]

Auto-enrolment: tips for employers

The Pensions Regulator (TPR) has released advice on communications for employers, including three tips to help you with your auto-enrolment duties. 1. Allow enough time to select your pension schemeIt’s recommended that you start to prepare for auto-enrolment at least 12 months in advance of your staging date; additionally, give yourself time to choose the […]


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