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PTP shuffles pack to survive crunch

Personal Touch Packaging has reshuffled its senior management team and advises packagers to move away from sub-prime to survive the credit crunch.

PTP’s marketing and communications director Michelle Harriss, sales director John Manning and operations director Samantha Cross have been made redundant but this has enabled the packager to take on five extra staff to focus on placing cases.

Positions for the trio have been found in OFM Group, the brokerage owned by Rob Jupp, managing director of PTP. Jupp says packagers need to diversify from adverse to survive.

He adds: “Packagers must have two things to ride out the market crisis – secured distribution and diverse offerings. But many of them haven’t moved with the times.”


NR shareholders poised to launch legal action

A legal battle between Northern Rock shareholders and the government took a step closer yesterday after Treasury lawyers rejected investor pleas for fair compensation.

FSA issues data security warning

The Financial Services Authority has urged firms to change their attitude to data security and do more to protect customers from identity fraud.

AMPD guarantees proc fees

The Alliance of Mortgage Packagers and Distributors has radically altered the reporting and payment structure for members, to guarantee proc fees. AMPD members have agreed to report their financial position to independent auditors every six months and have committed to a set of payment standards which means that proc fees should take no longer than […]

Brokers can earn from debt service

Trafalgar Square Solutions has linked up with The Debt Advice Portal to help brokers earn extra income and enhance their service.The partnership means that if brokers’ clients have debt problems that are so severe they can’t get mortgages Trafalgar will help to source advice via DAP, thus providing debt solutions while allowing brokers to retain […]


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