View more on these topics

The Mortgage Mole

Boss’ Birthday BashThe mortgage industry was out in force last week to celebrate Strategy editor Robyn Hall’s 30th birthday.

The old-timer celebrated in style at Soho’s The Couch along with his dedicated team of reporters, writers, subs, and sales people, plus several well known industry faces. Mole can only apologise if we forgot to invite you – it really was last minute.

Horsing Around Mortgage Strategy’s industry horse racing tipster who let hackette Rebecca down so badly at Cheltenham earlier in the year, redeemed himself after two of his tips came in for Hall at Sandown last week.

The editor went home with a skip in his step and an extra 400 in his pocket, which he later used to clear the magazine’s tab at the aforementioned local boozer.

All At SeaMichael Bolton, the vocal director of MBAC Consulting, has been making the most of his gardening leave. Not content with a recent trip to Barbados, he and erstwhile partner in crime Alan Cleary were in Monaco for the Grand Prix, living it up on a 67 foot yacht. Proving, though, what a small mortgage world it is, Mole hears their yacht looked down over alleged Merrill Lynch bedfellow Mortgages PLC, whose bosses were enjoying their own industry knees-up. Doesn’t anyone do any work?

Strung Up Mole was interested to see that the Soho branch of Stringfellows opened last week on Wardour and Berwick Street, just 100 yards from the illustrious Strategy Towers. Strategy hackette Rebecca Atkinson was sat outside in the rain on opening night in protest at the stripclub and Mole’s new-found burrow. She even recognised some members of the mortgage industry walking up to the club, no doubt, she thought, to join her campaign. Sadly they walked in, much to Mole’s delight.

Ready For Rooty Action As Mortgage Strategy went to press last week deputy features ed McCarthy was preparing himself for an impromptu trip to Manchester to watch England play Jamaica courtesy of those nice folk at Nationwide. Fingers were crossed that Peter Crouch was playing and that he’d have reason for another rendition of his robot dance.

But McCarthy had to make a last-minute dash to the shops to buy something smart to wear after being told his England T-shirt and jeans would not go down well with corporate hospitality. Ever the rebel, he told Mole: “I’m still going to wear my England boxers!”

Ivory Hunt Mortgage Strategy’s features editor Mira Butterworth is going on an industry Elephant hunt. “I’m looking forward to a fine feast using my new ivory cutlery soon,” she told Mole. Scary.

Recommended

Norwich Union to enter drawdown market

Norwich Union has revealed that it is planning to launch a drawdown product within the next month. Brendan Kearns, propositional development manager at NU, says this is an area the group is looking into and hopes to enter in the near future. He adds: “We see a lot of value in drawdown products and would […]

Partnership joins Exchange equity release service

Partnership Home Loans, a sister company of Partnership Assurance, has become the fifteenth provider to join the Exchange online equity release quotation service on the Exweb portal.The product from Partnership is a medically written impaired-life equity release plan, offering an approach by considering a clients health and medical history. If clients have, or have had, […]

Skipton launches mortgage calculator

Skipton has launched a new mortgage calculator.User input the amount they want to borrow, the term over which they want to pay it back and the rate of interest on the mortgage, to calculate how much the monthly repayments will be. In addition, they can change the amount of the loan, the term, the interest […]

FSA assures firms they will not be judged retrospectively

The Financial Services Authority has confirmed it will continue to judge firms’ standards of product sales and financial advice by the standards and rules at the time of sale and not retrospectively. This policy will not be changed by the regulator’s move towards more principles-based regulation. The framework the FSA operates under dictates that it […]

Guide

Guide: how to change your auto-enrolment support

As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.

Newsletter

News and expert analysis straight to your inbox

Sign up