The County Mortgage Group, which owns c2-financial and c2-secured, says group pre-tax profits trebled during 2004 to just over 300,000.The company says the increase is especially good news as it has invested heavily during that time in technology and larger premises. David Wylie, managing director of c2, says: “Although we are obviously not yet in a position to release figures for 2005 it is safe to say that, based on interim figures covering the first three quarters of the year, we are once again going to see a three-figure increase in growth in profitability. “This is being achieved through close attention to costs and also because the group is seeing a return on its investment in the business during 2003-2004.”
The Institute of Financial Services says 5,000 advisers have now taken its Certificate in Regulated General Insurance. The single-module qualification is modelled around the IFS’s CeMAP exam. The regulation of GI activities requires that employers have in place suitable competence and training arrangements for those carrying out regulated activities. Mark Roberts, head of faculty financial […]
THE MORTGAGE Business has cut the rates on its fixed, dedicated remortgage and self build products. These include fixed rates at 4.95% until the end of 2008, a remortgage only self-cert rate with no completion fee and 750 cashback, and self build products including a fixed rate and two tracker rate mortgages. The self build […]
Personal Touch Financial Services Ltd, one of the UKs fastest growing financial services networks, has appointed Mike Starkie as national sales manager.Starkie brings 15 years experience of the financial services industry and has considerable expertise in the area of building distribution channels and of enhancing the productivity and profitability of existing distributors.His role will involve […]
The Ombudsman for Estate Agents has secured Office of Fair Trading approval for its code of practice. The code is designed to ensure consumers get a fair deal when using OEA estate agents. The OEA represents around 40% of estate agency offices. Members can now use the code logo. The OFT only approves codes that […]
According to the Pensions Regulator’s annual commentary and analysis report released this month, 785 potential non-compliance cases were referred for investigation, with 23 auto-enrolment compliance notices issued. And they predict that the use of their statutory powers is only going to increase.
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