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Payment date for Network Data ARs will not be met

Network Data appointed representatives have been told that an upcoming payment date will not be met on time, with no word on when commission can be expected.

An email from the Network Data commissions team was sent to ARs yesterday, a copy of which has been seen by Mortgage Strategy.

The document says that the backlog on commissions is being dealt with “in as structured way as possible.”

It says: “We recently identified a problem which meant we were unable to meet the timescales and payment dates previously promised.

“As a result we are unable to confirm that your payments will be processed in time for payment on April 3 and because of the backlog we are unable to confidently confirm a new payment date in case we are unable to process in time.

“Please be assured that we are continuing to make payments weekly and as soon as we can confirm a payment date that we are confident we can achieve then we will of course be in touch.”


AfI launches new website for brokers

Abbey for Intermediaries is launching an updated version of its website which offers brokers quick access to product criteria and pre-sales research tools.

PMS partners with London & European

PMS members can now access London & European’s online conveyancing service and earn up to £100 commission for each completed case.

60 seconds with…Paul Broadhead

What made you jump ship from AHIPP to the BSA?

My move from the Association of Home Information Pack Providers in November 2008 was because there was an opportunity for myself and the Building Societies Association to get back into mortgages and set up a team from scratch.


Almost nine in 10 employers admit failings with post-DRA compliance

The default retirement age (DRA) was abolished more than three years ago, yet new research from Jelf Employee Benefits suggests that the vast majority of employers still have some way to go to fully understand, comply and communicate the landmark legislation change that prevents older employees being forcibly retired on the grounds of age alone.


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