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Elephant Loans & Mortgages’s broker quits

Elephant Loans & Mortgages has suffered another blow with its broker SVS Securities quitting.

Gary Miller-Cheevers, CEO of Elephant Loans & Mortgages says it was in the process of replacing SVS.

He says: “We have been in discussions with two or three firms about representing us, which SVS may have got wind of and decided to resign because of it. Elephant has had its problems and we felt that we needed 100% support from everyone working with us, which we felt we were not necessarily getting.”

Earlier in the month, reverse takeover talks between Elephant Loans & Mortgages and Financial Trade Partnership were terminated.

SVS Securities would not comment.


SMS offers extra commission

Solent Mortgage Services is offering brokers commission fees of up to £50 or an additional 10% on business submitted via its online portal Porthole and its Solent Enquiry to Application System.

Prestbury set to transfer all ARs to PTFS

Prestbury Holdings has revealed it will move forward with the transfer of all appointed representatives to Personal Touch Financial Services.

OFT looks into HBOS merger

The Office of Fair Trading is looking for feedback over the merger of HBOS and Lloyds TSB.


Neptune video: Abenomics: the impetus for Japan’s fast-track recovery?

The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.

In the video, Taylor addresses the following:

• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy


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