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Paymentshield joins Network Data panel

Network Data has signed a deal which will enable all its appointed representatives to place their business with Paymentshield.

This alliance also means that ARs with existing Paymentshield policies will continue to receive their monthly commissions.

This follows significant increases in term commissions and an increase in the products and providers now available through Network Data&#39s insurance panel.

Network Data will release a new version of its mortgageLink software in August, which will meet all FSA requirements and include Paymentshield&#39s Inertia system.

A further release will be developed which will fully integrate the system within the mortgageLink system before January 14 2005 &#45 the start of insurance regulation.

mortgageLink will provide fully compliant insurance rules including production of “demands and needs” statement.

Richard Griffiths, managing director of Network Data, says: ” We are very pleased to be dealing with a major insurance provider such as Paymentshield and their leading edge systems for electronic submission of proposals with same day on risk cover. We are committed to providing the best range of insurance providers and products in line with our comprehensive lender panel.”


RAMP appoints director of compliance

The Regulatory Alliance of Mortgage Packagers has appointed Samantha Foxall as its director of compliance. The 10 packagers that make up RAMP are all actively developing their businesses to fully comply with the introduction of Mortgage Day. They will each operate their companies as if they were individually regulated. RAMP has been working with Wragge & Co, […]

Newcastle offers mix and match mortgage

Newcastle has announced a mix and match mortgage offering borrowers the security of a fixed rate and the flexibility of a variable offset combined. Borrowers can have part of their mortgage as a variable offset mortgage, which means they can use any savings to reduce, or offset, the interest paid on it. As this portion […]

MSN launches AR proposition to non-members

Having given their existing 1,300 members the guarantee earlier this year that they would focus their efforts on ensuring members were supported and assisted in the transition of their businesses into regulation, whether that be direct or as an AR, they are now offering non-members the chance to become a MSN AR. Peter Ransome, sales […]

Is Gummer the right man to chair AMI?

As well as his main role as Conservative MP for Suffolk Coastal, Gummer is chairman of the Association of IFAs, AMI&#39s sister trade body. With the market in a state of flux, the AMI board chose an impartial chairman who wasn&#39t from a network or a directly authorised firm. So, Mortgage Strategy asks: Do you […]


Guide: reporting to the Pensions Regulator — what and when?

Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.


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