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Virgin Money vows to stay true to brokers

Virgin Money has vowed to stay true to brokers, following its acquisition of Northern Rock on January 1 2012.

It has made a series of promises to brokers as part of its commitment.

  • It promises to listen and respond to feedback from intermediaries
  • It promises to put the needs of intermediaries at the heart of the decisions it makes as a business
  • It promises not to favour direct business over the intermediary channel
  • It promises to give intermediaries access to all rates offered to direct customers

Jayne-Anne Gadhia, chief executive officer of Virgin Money, says: “The relationships we have with our intermediary partners remain at the heart of our business, and we felt it was right to demonstrate this by publishing our commitment to working with intermediaries. 

“By combining Northern Rock’s expertise and experience in the intermediary market with the Virgin brand and our track-record of innovation and service, we will build even stronger partnerships with intermediaries going forward.”



Proposals are vast improvement but check the details

After much anticipation, a couple of years of consultation and some stand-offs, the Financial Services Authority’s final Mortgage Market Review proposals were published a few days before Christmas.


DB transfer showstoppers

By Jim Grant, Senior Product Insight & Technical Support Analyst Transfers from defined benefit (DB) schemes are a bit of a hot topic just now. In this article we look at a couple of factors that could prevent a transfer from happening Equalisation of pensions Prior to the Barber case in 1990, DB pension schemes typically provided […]


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