View more on these topics

Former IFA Promotion chief exec David Elms passes away

Former IFA Promotion chief executive David Elms passed away last Tuesday after being diagnosed with cancer.

Elms stepped down last October and his role has been handed over to Karen Barrett.

David Graham, chairman of IFA Promotion, says: “Although fully aware of the health issues which resulted in David’s early retirement last October, his sudden death on Tuesday was both unexpected and shocking.  I will miss him a lot.

“David’s drive, enthusiasm and total commitment to promoting the positive benefits of independent, professional financial advice to both consumers and the media, have put IFAP in the strong, influential position it holds today. All of us at IFAP will continue to fulfil his ambitions for the betterment of the whole of our industry.

“Our thoughts and support are with his family and friends at this sad time.”



Lenders reprice to tempt borrowers away from interest-only mortgages

Lenders are starting to offer cheaper rates for repayment mortgages in a bid to steer borrowers away from interest-only deals. Halifax for Intermediaries is the latest lender to change its criteria in favour of repayment deals. It hiked the rates on its tracker mortgages for interest-only payments in March and has now done the same […]

Broker fined for submitting 42 fraudulent cases

The Financial Services Authority has fined mortgage broker Gary Lester £103,000 for knowingly submitting 42 fraudulent mortgage applications to lenders. The applications contained false and misleading income information for customers. Lester also committed fraud to obtain a mortgage for himself. The FSA has banned Lester from working in the regulated financial services industry for failing […]


Online searches for mortgages on the up but just 3% are for brokers

Online searches for mortgage terms rose by a third in January, but the phrase ’mortgage broker’ only accounted for 3% of all mortgagerelated searches. Research from technology specialist Greenlight classified 540 of the most popular search terms used by consumers to find providers of savings products, credit and debit cards, mortgages and loans. Some 58% […]


News and expert analysis straight to your inbox

Sign up
  • Post a comment
  • Steven Hibbs 22nd April 2010 at 3:43 pm

    I had the pleasure of working with David whilst at Black Horse, he was a true gentleman and professional, who I am sure will be missed by all that knew him; my sympathy goes out to his family and friends.