View more on these topics

Banks’ contempt for their lifeblood is astonishing

We’ve recently seen banks reduce ther staffing and service levels while boosting salaries and bonuses at the top.

The liquidity crisis has seen them increase their margins and I hear one large lender is to cut proc fees for no reason other than it can.

What other industry manages de-mand by offering overpriced products and delaying application times? The big banks’ collective contempt for their lifeblood beggars belief.

Banks have filled their boots in good times and bad – remember when they dumped sterling and made a fortune knowing that the BoE would have to buy it to protect the value of the pound?

Strangely, those same City institutions now find themselves unable to get hold of enough sterling. It seems rather perverse.

Dave Rogers


Full steam ahead

Lenders are on track to implement the Treating Customers Fairly initiative as long as difficult market conditions don’t derail them, says Peter Williams

Perry to head sales and marketing at HML

Mike Perry, former director of sales at Amber Homeloans, will take over as director of sales and marketing at Homeloan Management from April 14.He has been appointed to secure new business for the firm.HML has now separated sales and marketing from business development, an area that will continue to be headed by Ian Moore who […]

IF’s spin doctors fail to convince me

I accept there’s a hint of hypocrisy here given I’ve spent many years as a corporate spin doctor, but I had to smile at Intelligent Finance’s recent email to brokers that put a positive gloss on negative news.

MAB welcomes base rate cut

The Bank of England has cut the bank base rate from 5.25% to 5%.Brian Murphy, head of lending at Mortgage Advice Bureau, says: “The decision to reduce the base rate by a quarter point in April will not have been an easy one for the MPC to make. However, it is a necessary response to […]

Parental leave and pensions

Fiona Hanrahan  – Senior Product Insight and Technical Support Analyst We are often asked how parental leave impacts workplace pension schemes in terms of funding in general, auto enrolment and salary exchange. This article will explain each of these. How does parental leave impact the funding of workplace pension schemes? A member of a defined […]


News and expert analysis straight to your inbox

Sign up