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PACKAGING SUMMIT 2007: PMPA slams lenders

The Professional Mortgage Packager’s Alliance has attacked lenders who have failed to deliver in terms of technology links at Mortgage Strategy’s Mortgage Packager’s Summit.

One sweeping rumour was that PMPA was referring to edeus – although this has been flatly denied.

O’Brien says: “Some companies have been very tight lipped concerning their dealings with packagers. If they want to work with us and help us they have to speak up. Unfortunately some are just here in Nice out of lip service, and are not helping us move forward.”

Helen Hymos, lender relationship manager at PMPA, adds: “Some lenders have spoken out and want to work with us. The Mortgage Business has been great, and at least GMAC-RFC has admitted it has been mistaken in the past concerning its dealings with packagers. More lenders need to admit they were wrong and work with us.”

Peter Charge, director of national accounts at edeus, says: “Edeus is renowned for its technology and we will be looking to develop technology solutions with our key packager partners.”


Nationwide deals

Nationwide has increased the rates on its range of fixed rate mortgages.

Brokers say packagers will rise to the direct challenge

Despite research predicting threequarters of future growth in the sub-prime market will be through the direct-to-broker channel, lenders say packagers will still have a place in the mortgage market.

English housing agency proposed

The government has unveiled proposals for an agency to cover regeneration and housing in a big shake-up of the way it supports the delivery of new homes in England. The proposed agency – Communities England – will bring together the functions of English Partnerships, the Housing Corporation and some work done by the Department for […]

Focus Solutions launches front-office propositions

Focus Solutions Group has unveiled a series of propositions for the life, pensions, investments and mortgage markets.The company’s solutions will continue to concentrate on the front-office area, with a suite of componentised extranet and point-of-sale solutions for manufacturers, bancassurers, key distributors and intermediary networks. Its aim is to improve the efficiency of the automated sales […]

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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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