The number of traded endowment policies purchased in 2006 more than doubled compared with the previous year, says the Association of Policy Market Makers. Brian Goldstein, chairman of APMM, says: “Last year, market-makers saw record levels of demand for TEPs. It looks like 2007 will be even more successful.”
In light of the FSA’s Treating Customers Fairly initiative, might I also suggest a Treating Brokers Fairly rule? If there was such an initiative, Cheltenham & Gloucester would be at the top of my list for investigation. Five weeks after applying to C&G (26% LTV and no further documents or information needed) an offer emerged. […]
The EU directive on harmonised mortgage regulation in member states could force the regulation of second charge mortgages, predicts Chris Cummings, director general of the Association of Mortgage Intermediaries.Speaking at a seminar at Financial Services Scotland in Glasgow, Andrew Turrell, manager in the mortgage and credit unions department of the Financial Services Authority refused to […]
Woolwich has launched a tracker guaranteed to stay 0.18% above the Bank of England base rate for life, with no arrangement and no redemption penalties.The launch coincides with a new TV advertising campaign as well as the release of a 10-year fix at 5.28%.Andy Gray, head of mortgages for Woolwich, says: The improvement in the […]
There was a lot of speculation that 2006 would see the demise of packagers. Most people in the industry would have to agree that this proved to be far from the case.
Jamie Clark – Business Development Manager, Royal London Further to its investigation into the collapse of BHS and the impact on its pension scheme, the Work and Pensions Select Committee sets out its recommendation for defined benefits (DB) schemes going forward. We take a look at the main findings. Not all employers are naughty The report […]
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