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Money Partners in job loss talks

Money Partners is to consult staff about 65 possible job losses. The consultation, which is expected to start on Wednesday, will last for 30 days. No redundancies will be made during this time. Most departments will be affected but the firm insists there will be no disruption to its service. Chief executive officer Colin Sanders says: “The absence of liquidity and buyers for mortgage-backed assets means we have had to reassess the sort of business we want.”

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PNG helps brokers diversify service

Premier Network Group has launched an introducer service for brokers looking to diversify the products they offer.The service allows brokers to earn a referral fee from a range of financial products. Clients will be referred to Trilogy Financial Services via PNG for advice on life and general insurance, mortgages, pensions and investment and equity release.Karen […]

CML slams police fraud figures

The Council of Mortgage Lenders last week slammed a police report for failing to make the case that mortgage fraud is now worth £700m. While the CML says it welcomes the Association of Chief Police Officers’ report entitled Safe as houses? Organised mortgage fraud in the UK, it says ACPO’s £700m figure does not stack […]

Bridge building

The bridging sector has left behind its unsavoury image to emerge as a vital aid for borrowers and an attractive proposition for brokers, says Nick Reeves

Pink supports ARs’ TCF processes

Pink Home Loans is helping its Appointed Representatives to meet the Financial Services Authority’s Treating Customers Farily management information deadline of March 31.Pink is helping firms collate management information in a useable format.Brokers are required to complete a TCF action plan at least twice a year, with the overall aim being to improve performance and […]

taxes

Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.

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