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Blackwell quits

Mark Blackwell has quit The Derbyshire after two and a half years as marketing director.

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BM defends product transfer policy

Despite criticism of its retention policy from rivals, BM Solutions says it is set to complete over 500m worth of product transfers by the end of 2006. BM Solutions has come under attack in recent weeks for encouraging brokers to be lazy by offering them enhanced proc fees to recommend product transfers rather than remortgages. […]

Mortgages Direct questions base rate rise

Peter Gladdy, director of Mortgages Direct says the current economic situation is not strong enough to justify a rise in rates. He says: “The housing market is stable and currently showing modest overall growth but the latest rise in interest rates could cause a substantial change in homebuyer attitudes and significantly dampen activity in the […]

Network Data looks to sell mortgageLink

Network Data has admitted it is looking to sell its mortgageLink sourcing system and is in talks with several companies. Following its flotation on the Alternative Investment Market earlier this year, the network is taking a fresh look at its business and whether or not it makes sense to retain mortgageLink. Richard Griffiths, managing director […]

Nationwide plans online system

Nationwide says it will have its own trading system in place for brokers who don’t want to use the Mortgage Trading Exchange by early 2007. Mortgage Strategy revealed in August that Nationwide was looking at introducing an online platform as a way of maintaining service standards. Nationwide says it is in the process of improving […]

‘How to…audit your auto-enrolment scheme compliance’

Avoid pension penalties with our auto-enrolment checklist

According to the Pensions Regulator’s annual commentary and analysis report released this month, 785 potential non-compliance cases were referred for investigation, with 23 auto-enrolment compliance notices issued. And they predict that the use of their statutory powers is only going to increase.

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