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Newtomorow warns brokers against rogue debt advisers

Newtomorrow Broker Services is warning that some debt solutions businesses could damage the brokers’ businesses by ruining relationships with their clients.

Brian Ferguson, director of NBS says brokers risk long term relationships by passing struggling clients to ‘unsuitable suitors’ – debt advice firms which push vulnerable people into the wrong solutions.

He says the economic downturn and increased spending in December made it more likely that brokers would encounter equity-poor individuals who need help with debt because they are unable to consolidate by remortgage.

He says: “Trust has to be maintained in any relationship, and in this climate that is even more important. Indebted individuals need debt advice which is right for them, not the debt adviser. If a debt solutions company only offer your client debt management plans rather than a wide range of solutions then you have to question if your client is receiving the best advice.

“A good debt adviser will reflect well on an intermediary as someone who has provided a solution when things have become tough.

“But unsuitable suitors can make a loyal client a former client, and we’d encourage all intermediaries to take time for due diligence before teaming up with a debt solutions provider.”


Network Data isn’t coughing up the money it owes us

I am writing regarding my recent correspondence with Network Data addressed to Richard Griffiths, chief executive officer of Network Data Holdings, its board of directors and Alex Cotton, chief executive officer of Network Data.

Guess who got the right answer

“When Rightmove invited attendees at a recent Council of Mortgage Lenders’ conference to enter a competition to guess the value of a number of properties, it was pleased to announce the winner with the closest guess was Tom Parker, managing director of Quest.

BDS adds Halifax GI to panel

Hampshire based packager and network, BDS Mortgage Group has appointed
Halifax GI to its general insurance panel.

A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery


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