View more on these topics

Tony Jones to relinquish AMI board position

Tony Jones has revealed hell be relinquishing his position on the board of the Association of Mortgage Intermediaries following his departure from Pink Home Loans.

The former managing director of Pink has been a member of the AMI board since June 2006 representing appointed representatives and network.

However, following his decision earlier this month to quit the network due to ill health, he plans to give up his involvement and hand the reigns over to another network representative.

Jones says: I will carry on my involvement with AMI and its board, but as I am no longer a representative of a network I will have to relinquish the position in time.

He adds that its up to Chris Cummings, director general of AMI, to decide when he will fully renounce his position on the board.

He is also leaving it up to Cummings to decide the extent of his future involvement in the association.

Jones was with Pink for four and a half years as managing director but was absent on long-term sick for three months before resigning.

Prior to that he held the position of head of business development at UCB Home Loans, and spent 20 years at Nationwide.

He is expected to recharge his batteries before resuming his career in the spring with consultancy and related work closer to his Gloucestershire home.

Jones adds: Right now my priority is my health but I hope to be back on the scene in the next couple of months.

AMI was unavailable for comment.


AIFA welcomes financial capability scheme

The Association of Independent Financial Advisers has given its support to the governments financial capability scheme, which will see the launch of a national generic financial advice service. Chris Cummings, director general of AIFA, says: Any move to improve financial understanding and capability among the general public is a step in the right direction.“We believe […]

Commercial First gets bond upgrade

Commercial First has had two of its securitised mortgage backed bonds upgraded as part of a performance review of its transactions by ratings agency Fitch Ratings.Mario Schmidt, associate director in Fitchs European structured finance department, says the upgrades “reflect the seasoning and the higher than originally modelled excess spread levels.Commercial Firsts Business Mortgage Finance 1 […]

Help is at hand in the mortgage deals maze

The Financial Services Authority has recently commented on the subject of packagers’ relationship with brokers, essentially suggesting that brokers do not exercise the necessary diligence when dealing with packagers.

Networks should be offering HIP services

The latest report from the Financial Services Authority found that over three-quarters of the smaller mortgage firms it investigated did not have robust processes in place, leading to the risk of clients being given unsuitable advice.

Pensions - thumbnail

Financial advice can benefit customers by £40,000

New research shows those customers who receive financial advice can be better off on average by £40,000 We’ve sponsored a research project with the International Longevity Centre – UK (ILC-UK) to produce ‘The Value of Financial Advice’ report. This independent research demonstrates that customers who take financial advice can, on average, be £40,000 better off than those […]


News and expert analysis straight to your inbox

Sign up