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Personal Finance Society , LIA and SOFA announce name and details

The merged organisation will come into being on January 1 next year, subject to votes by both organisations.

The mailings precede a series of member roadshows during September and October, which in turn are followed by EGMs, at which the votes will be taken on October 13 (LIA) and 15 (SOFA). 

In a foreword to the joint document, SOFA chairman Nick Bamford, says: “The proposed merger with the LIA will allow us to extend our values and standards across a much wider number of financial services individuals.  There is no question of these standards being diluted

or confused, we will be as focused as we ever were, but we will also be part of the largest professional body for financial advisers.”


Mortgage Express acquires GMAC-RFC portfolio

The purchase is the third arising from an agreement announced in December 2003 to acquire from GMAC-RFC a minimum of £400m, and up to £1.4bn, of loans in 2004 in four tranches. The total amount acquired by Mortgage Express so far in 2004 is £717m. All lending in the portfolio is secured on UK residential […]

Vesta Packaging launches sub-prime mortgage

Its new start mortgage for purchase and remortgage permits unlimited arrears in the previous 12 months where the current lender is deemed a conforming lender and it will also accept applications, where the current lender is classed as sub prime, so long as any three out of the last six payments have been made and […]

Mortgage Next publishes client care guide for brokers

The guide specifies what actions brokers must take now to ensure they can continue to deal with their clients after M Day. Justine Tomlinson, Mortgage Next marketing director, says: “It has become clear that a number of brokers are not aware they must obtain their clients express permission if they want to continue dealing with […]

First Financial Services website gains RNIB accreditation

Two million people in the UK have a sight problem, but Huntswood Outsourcing, has become the first financial services company to be awarded the RNIB&#39s See It Right accreditation and logo for its website accessibility. By law, all UK company websites must conform to the disability discrimination act, covering this and other accessibility issues, but […]

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Mothers missing out on millions

New HMRC figures show number of ‘mothers missing out on millions’ in pension rights has doubled in two years – Steve Webb Figures published on 24th March by HM Revenue & Customs show a doubling in the number of mothers missing out unnecessarily on vital pension rights because of a change in the rules on Child […]


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