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Professional Mortgage Partnerships receives MTA letter

The network has also announced the appointment of Martyn Bell as head of its network. Bell joins Professional Mortgage Partnerships with a background of over 25 years in financial services. His role will be to ensure that the network offers excellent products and service to

cover the needs of all its appointed representatives plus continuing to offer support for directly authorised brokers.

Bell says:”The MTA letter is an important first step on the road towards authorisation, but we are preparing, as should all networks, for a

rigorous appraisal by the FSA, which I am confident we will satisfy on all counts.

“I have worked for many years in a regulated environment and I am aiming to ensure that our network has the quality of systems and personnel to fulfil the most exacting standards.

“The network has recently appointed several experienced compliance officers, and is completing a programme of staff recruitment to its

Darlington headquarters. More than 120 brokers have already been awarded interim letters of agreement for appointed representative status.

“The numbers of members already signed, and the daily level of applications, means that we should be one of the bigger players on November 1. The level of business we will generate in mortgages and insurance products has enabled us to negotiate extremely favourable deals with providers. ”


Pinnacle launches bond

To mark the launch, Pinnacle has a special offer paying up to 4.68% net monthly income for a three-year term. This is equivalent of up to 6.24% gross for higher rate taxpayers. The minimum investment is £25,000. Both capital and income payments are guaranteed providing the bond is kept for the full investment period. Kathy Byrne, […]

Hidden bank charges clobber customers, says Cable

Liberal Democrat Shadow Chancellor, Vince Cable, says: “The Which? report and Liberal Democrat research clearly shows that the penalties for small errors are becoming penal. For those close to their overdraft limit a little mistake can prove more expensive than a speeding fine. “For a simple mistake you could find yourself facing over £70 worth […]

Nationwide launches guide to make homes energy efficient

It has launched a free guide which will help its members save money by making their homes more energy efficient. Packed full of handy hints and information the new guide sets out where to start with energy efficiency and other environmental improvements to the home. It provides illustrations of a range of home improvements depending […]

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 […]


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