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IFA targets the rich

Solihull-based IFA Millennium Financial Planning expects to double its number of high net worth mortgage clients and double its annual mortgage business to £360m.

Millennium plans to recruit 2,000 new members to its financial management service each month. It is increasing its subscription team and has made several key appointments. These include Andrew Wenzel, previously managing director of Equifax, and Nick Ballinger, previously sales manager for Honda. Both take on the role of senior account managers. More appointments are expected shortly.

Managing director Simon Kuun says: “High net worth companies and individuals pay an annual subscription, and we look after everything to do with their money, from travel to pensions.”


Mervyn King to be next BoE governor

Mervyn King is to be the next governor of the Bank of England. The news was revealed as Gordon Brown announced his pre-budget report to the House of Commons at 3:30pm today. King will succeed current governor Sir Edward George in June 2003. The announcement ends speculation that FSA chairman Howard Davies was next for […]

More advisers pass MAQ qualification

Nearly 1,300 people passed the October sitting of the Mortgage Advice Qualification, taking the total number of qualification holders to 11,162. A total of 2,352 candidates have sat the exam to date, with 5,220 entries planned for the two remaining exam sessions in 2002. To help candidates to pass MAQ, administering body the Chartered Insurance […]

Mortgage intermediaries welcome Trigold

The Mortgage Alliance (TMA), the Scottish Mutual and Scottish Provident mortgage club, has launched a customised version of Trigold. Currently 3000 members benefit from the services of TMA, which processes mortgages to the value of £250 million each month. Mark Evans, national mortgage manager at TMA, says that, with tighter mortgage regulations on the horizon, […]

Charcol offers exclusive flexible discount tracker

Charcol is highlighting the appeal of tracker mortgages by offering borrowers an exclusive market-leading flexible tracker mortgage. The rate is Bank Base Rate minus 0.8% until February 29, 2004, giving a current payrate of 3.20% (5.1% APR), followed by Bank Base Rate + 0.4% to February 28, 2006. The average rate over the period, assuming […]


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