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Group finance director to leave Hitachi Capital

Barbara Iversen, group finance director at Hitachi Capital, the mortgage payment protection insurance underwriter, is to leave the group, having decided to relocate to the North of England for family reasons.

Iversen will remain with the company until a suitable replacement has been appointed and to ensure a smooth handover.

The process to identify an appropriate candidate is now underway.

David Anthony, chief executive, says: “Iversen joined the group in January 2002 and during the last four and a half years has made a significant contribution to the business. I would like to take this opportunity to thank Iversen for her hard work and commitment. Both on a personal basis and on behalf of the group, I wish her every success in the future.”


Pressure is on to lower broker fees

As Home Information Packs will receive a huge amount of coverage I am going to leave the subject well alone this week and discuss a topic that is never far from the agenda but warrants a review.

MI pays brokers to package MT deal

Mortgage Intelligence is paying its brokers £50 for packaging its exclusive Mortgage Trust buy-to-let product that has a 4.88% rate fixed until February 28 2008 and a £599 arrangement fee.

PMS appoints edeus to its lender panel

Edeus received a massive vote of confidence last week with its appointment to Premier Mortgage Service’s panel of lenders two months before it even launches.PMS is the UK’s largest mortgage club for mortgage brokers, with a panel of 58 lenders. It has completed a massive 107bn of mortgage business since its launch in January 1997 […]

Lonergan moves to edeus

Edeus claimed another industry scalp last week after GMAC-RFC’s head of business analysis defected to become chief financial officer at Michael Bolton’s new lender. Ian Lonergan will join the start-up on November 15. Michael Bolton, CEO of edeus, says: “I am delighted to announce the appointment of such a high profile and senior member of […]


DB transfer showstoppers

By Jim Grant, Senior Product Insight & Technical Support Analyst Transfers from defined benefit (DB) schemes are a bit of a hot topic just now. In this article we look at a couple of factors that could prevent a transfer from happening Equalisation of pensions Prior to the Barber case in 1990, DB pension schemes typically provided […]


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