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E-trading could boost proc fees

Ray Boulger, technical manager at Charcol, says: “If the lender had a proper integrated online system, there would be an argument that it should pay higher proc fees. In the early stages of electronic trading higher proc fees would be justified as it will benefit all.”

Commentators say the benefits of electronic trading include speedier service for customers and less work for lenders. But they have warned that under FSA regulation lenders must be wary about the level of procuration fees paid to brokers, which has led some to think that despite electronic lending proc fees will be forced down.

Paul Darwin, development manager of intermediary sales at Skipton, says: “There might be a slight increase in fees as electronic trading provides some benefits to lenders.”


Finance and business confidence high, reveals Manpower

The growing confidence has helped drive UK job prospects to a net employment outlook of 18% – the highest national outlook since the end of 2001. In addition, the UK is also posting the most positive outlook of any of the European countries surveyed. Hazel Detsiny, director at Manpower, says: &#34In spite of increases to […]

Website offers guide to buying abroad

It says that while buying property abroad is a dream come true for most people, sadly some horror stories abound. For example, buying a property without a survey to find that it floods every year. Finding an idyllic property in the winter to find that in the summer it becomes a loud and noisy beach […]

PMP gains full authorisation from FSA

The grant of permission under part IV of the Financial Services and Markets Act 2000 makes Professional Mortgage Partnerships fully authorised with effect from October 31 2004. David Dodsworth, compliance manager at Professional Mortgage Partnerships, says: “We are of course delighted to have received this authorisation. I would say that we have moved quickly, by […]

FSA measures consumers&#39 financial capability

Addressing a discussion, Financial Capability: Making informed decisions about mortgages, held at the House of Commons last week, the FSA said the baseline survey is progressing well. Part of the regulator&#39s remit is to help the public understand financial issues and ensure they do not buy unsuitable products. The industry and politicians agree that it […]

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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


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