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RAMP appoints full-time compliance director

RAMP claims to be the first packager alliance to make the commitment of employing a full-time compliance manager.

RAMP managing director John Rice says: “This drives home the fact that we are serious about compliance. By the time Mortgage Day arrives we – and the lenders on our panel – will be certain that applications from members meet every condition of the FSA regime.”

RAMP has been working with Wragge & Co since March to develop procedures. Foxall has taken a leading role in this process and it is Wragge & Co that she leaves to join RAMP.

Rice adds: “It&#39s important to note that the pure packagers within RAMP will also be embracing the regulations despite there being no legal obligation for them to do so.”


Why Charles Gooding had to step down

“It has been an honour and a privilege to work with the AMI board since its formation,” Gooding said in a press release last week. “I decided to step down as chairman some time ago once I was confident we had achieved certain objectives and had created a credible and reputable trade body.” Yet months […]

Amber sells £150m mortgage portfolio to Redstone

Amber Homeloans Limited has announced the sale of a residential mortgage portfolio with a value in excess of £150m to Redstone Mortgages PLC. This is the largest transaction undertaken by Amber in 2004 and takes the total value of assets traded through the £2bn barrier. The portfolio was made up of assets covering the full […]

Kensington appoints sales development manager

Kensington Mortgages has appointed Frank Bennett as sales development manager for the West Midlands and Mid Wales region. Bennett joins Kensington from Mortgages PLC where he was an area sales manager. Bennett has worked in the mortgage sector since 1977 holding various positions within the industry, including with a number of building societies and specialist lenders. 

BuildStore in the running for National Business Awards in Scotland

BuildStore has been shortlisted for two major awards at the prestigious National Business Awards for Scotland. BuildStore is one of five finalists in two categories – The E-Business Strategy of the Year and The Growth Strategy of the Year. BuildStore will make a presentation to the judges in July and the winners will be announced […]

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Changes to capped drawdown tables

The tables used for capped drawdown maximum income calculations have been updated. We look at the reasons for the change and what the impact could be. Changes to capped drawdown tables Capped income drawdown involves taking a pension directly from a fund instead of buying an annuity. However, there’s a limit on the maximum amount […]


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