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Michael Bolton promoted to become managing director of BMS

Mortgage supremo Michael Bolton has been promoted to become managing director of BM Solutions.

The former head of mortgages at BM Solutions will, on top of the role of MD of BMS, also have additional responsibility for Halifax intermediaries, commanding a sales force of circa 2,000.

Bolton says: “I am delighted to be responsible for the best two intermediary brands in their respective markets.

“My job is to keep both brands at the forefront of intermediary’s minds when choosing mortgages for their clients.”

Bolton’s appointment will see a major restructure of BMS’s sales proposition. Although details are yet to be finalised, the coming months will bring extensive change throughout the HBOS intermediary sales model.

Also announced today was the appointment of Nigel Stockton as managing director of Birmingham Midshires.

Bolton joined in May 2001 at a time when BM was lending around 2.5bn gross. City sources have predicted that this year BMS will complete around 15bn, in every likelihood making it the UK’s biggest net lender for 2004.

Alan Cleary, head of sales at BMS, says: “This is obviously recognition of the outstanding contribution Bolton has made to the BMS brand.”


OFT refers home credit market to Competition Commision

The Office of Fair Trading has referred the supply of home credit to the Competition Commission for further investigation.This follows the OFT’s analysis of a super-complaint submitted by the National Consumer Council, and further consultation with home credit lenders.Home credit is the provision of credit, typically small sum cash loans, the repayments for which are […]

Happy Christmas from Mortgage Strategy!

All the staff at Mortgage Strategy would like to you wish you all a very Merry Christmas and New Year.Thanks for all your support in 2004, normal service will resume in 2005 with our first edition out on January 10.

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]

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Guide: how to… communicate with your pension members

Effective communication of your pension scheme is a large part of getting auto-enrolment right. Delivering the same message to all employees is not necessarily the way to go. To assist you with the communication of your pension scheme, we have provided some key areas to think about, such as:

  • What to consider when segmenting your workforce
  • How to communicate to pension scheme members at the right time in their member lifecycle
  • What topics you should be discussing with your pension members
  • The new pension freedoms and the importance of communicating them


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