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PACKAGER SUMMIT 2007: AMI to establish standing committee for packagers

The Association of Mortgage Intermediaries is to launch a standing committee to represent packagers in a bid to unify industry.

When asked their opinion of a possible trade body for packagers, similar to AMI, half of the delegates at the Mortgage Strategy Packager’s Summit thought this would be a positive influence on the industry. Almost all agreed that a sub committee would be a more realistic idea.

Chris Cummings, director general of AMI, says: “We would be delighted to offer AMI’s offices to bring the alliances together. It would be a self-selecting process and I would hope be able to deliver changes similar to those that AMI delivered to the intermediary sector.”


Welcome to Blue Monday

January 22 is the worst day of the year so far, according to Lloyds TSB Insurance. So-called Blue Monday has been pinpointed by academics as the most miserable day of the year, coming one month after Christmas when spiralling debt, bad weather, unkept new year resolutions and a lack of motivation overwhelm even the most […]

Base rate rise tight call

The decision to raise interest rates in January was a tight call with members of the Monetary Policy Committee voting 5-4 to raise the base rate to 5.25%. The minutes from the MPCs meeting show that BoE governor Mervyn King, John Gieve, Kate Barker, Tim Besley and Andrew Sentence voted in favour of a rate […]

Advice scheme is welcomed

Brokers have welcomed the government’s move to introduce a free financial advice service, saying it is likely to help boost their profits.

Trusts: Easier than you think?

Protection providers often extol the benefits of placing plans in trust. The advantages for clients are widely recognised and numerous – inheritance tax mitigation, avoiding probate delay, controlling claim proceeds, and so the long, familiar list continues. Yet, dismissed as unnecessary form-filling, or simply viewed as irrelevant in the context of a mortgage sale, less […]


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