Chancellor Alistair Darling is beefing up the Financial Services Authority’s power to tackle financial crime by awarding it specified prosecutor status. This will allow the regulator to offer immunity to informants providing details of criminal activities. Specified prosecutor status is already held by tax officials, the director of public prosecution and the Serious Fraud Office.
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Nigel Stockton’s remit as managing director of HBOS Intermediary Mortgages has been expanded to encompass all of HBOS’ broker business, including its valuation company Colleys.The move follows intermediary distribution and specialist banking managing director Phillip Grant’s promotion to the role of chief operating officer of HBOS’ corporate division.Jo Dawson, chief executive of retail distribution, insurance […]
Paragon is set to axe up to a third of its workforce after Mortgage Trust’s new business processing function was transferred from Epsom to Solihul, the buy-to-let lender confirmed this morning.Paragon says the reduction in new business generation over the period has necessitated a review of the group’s resource requirements and that the group headcount […]
An Irish sub-prime lender backed by Lehman Brothers has stopped issuing new house loans because of the credit crisis.
“Would you describe the nationalisation of Northern Rock as a rescue, as saving it or as a salvage job? For the record, something sal-vageable is capable of being used or re- constructed in spite of being damaged, but is unlikely to have been improved by the experience.So why save or salvage NR when there more […]
In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.
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