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Call for industry to go green

Praxis is calling on the mortgage industry to go green after announcing it is to aim for a prestigious environmental award. Richard Stettner, managing director of Praxis, says: “As an industry, I don’t think we do enough for the environment.”

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RBS strengthens US team

The Royal Bank of Scotland Group has made new appointments to its US-based team and announced the creation of a unified management team to take advantage of growth opportunitiesacross and between its businesses in the US.Lawrence K. Fish, currently chairman and CEO of Citizens Financial Group (Citizens), will become chairman, RBS America and will continue […]

Brown snubs home owners

Chancellor Gordon Brown ignored home owners’ pleas last week after he made no changes to the Stamp Duty thresholds in his 11th Budget.

KGB offers free vals

KGB Packaging is offering free valuations on all Mortgages PLC’s standard mortgage products, with the exception of buy to-let deals.Rachel Bancroft, managing director of KGB packaging, says: “We are delighted to make this valuable benefit available to brokers that introduce their Mortgages PLC cases via KGB Packaging. “A free valuation can represent a substantial cost […]

Pensioners could be throwing away 15 years profit

Failing to investigate an enhanced annuity at retirement could be equivalent to throwing away 15 years of extra fund performance, Just Retirement claims.Figures show the average maturity value of with-profits pensions was 56,518 over the last 15 years.The top performing policy produced 77,130, which is 36% more than the average. However, failing to claim an […]

The death of retirement – a boost for protection?

According to our recent report on the death of retirement, changes in workplace pension provision mean that coming generations of retirees could have a radically different experience of retirement from their parents. The average contribution rate into an old-style final salary pension was around 20% of total wages, the statutory minimum for a new automatic […]

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