View more on these topics

Ami appoints Aileen Lees as senior policy adviser

The Association of Mortgage Intermediaries has appointed Aileen Lees as its new senior policy adviser.

Lees joins the broker trade body from consumer website, where she served as external affairs and campaigns officer for seven months between June and December 2014.

Prior to this, Lees worked in the corporate pensions sector, most recently as an executive at Grant Thornton Employee Benefits Consultancy. She has also worked at Barnett Waddingham.

She will report directly to Ami chief executive Robert Sinclair.

Sinclair says: “Ami is delighted to confirm Aileen’s appointment. We are sure that she will make a huge contribution to the intermediary market and help shape a policy agenda to support the broker community.”

Lees says: “I am looking forward to working closely with the mortgage intermediary market and understanding their issues.”

She continues: “The next two years will see more change in the market and I want to ensure that Ami and AFB are well placed to help consumers get the quality advice they deserve.”

Lees’ predecessor, Alex Revell, left the trade body in October last year to take up an associate role at the FCA.



Neil Hoare joins Homeloan Partnership

Former Personal Touch Financial Services head of lending Neil Hoare has been appointed commercial director at network Homeloan Partnership. Hoare left his role at PTFS last month after the network restructured its sales team. He has previously led sales teams at Pink Home Loans and Abbey, now branded as Santander. Homeloan Partnership chief executive Chris Tanner […]


Barclays issues cheapest 10-year fix on record

The rate war has carried on into the new year with Barclays launching the market’s cheapest 10-year fixed-rate deal. The product is priced at 2.99 per cent, is available to 60 per cent LTV and has a £999 fee. Comparison website says it is the lowest 10-year fix on record. Trinity Financial product and […]

Apple: a stellar technology story

By Ali Unwin, head of technology sector research

Apple recently announced the highest-ever recorded quarterly net profit ($18bn), with the sale of 74.4 million iPhones helping the company deliver $74.6bn of revenue for the quarter ending December 2014. These sales were largely driven by strong demand for the new iPhone 6 and iPhone 6 Plus. Highlights included Chinese iPhone sales doubling year-on-year and unit growth of 44% in the US — supposedly a well-penetrated market. Apple ended the quarter with $178bn in cash on its balance sheet, having generated a staggering $30bn in free cash flow during the quarter.

At Neptune, we have been long-term believers in the Apple story, and continue to hold the stock in a number of our portfolios based on the company’s long-term growth prospects. This is predicated on our belief that Apple has proved thus far that it can — unusually for a consumer electronics company — maintain high margins for a sustained period of time, even as adoption of new technology slows down and competitors produce similar-specification products.


News and expert analysis straight to your inbox

Sign up