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Nigel Payne appointed BuildLoan associate director

BuildStore Financial Services has appointed Nigel Payne as associate director of its broker division, BuildLoan.

Payne, the former managing director of BM Solutions and Assurant Intermediary, takes over responsibility for the intermediary sales channel at BuildLoan.

Payne says: “This is an exciting time to be joining BuildLoan. The broker market is reinvigorated after a harsh couple of years, and is attracting new lenders and products. Self build is a substantial and growing market in the UK, with enormous potential for further growth, and I am confident that BuildLoan will play a significant role in realising that growth.

“BuildLoan occupies an enviable position as the leading supplier and source of expertise in the market, having built an outstanding proposition over the last 15 years. The company is totally committed to becoming the clear choice for intermediary distributors who are looking to serve the financial needs of those looking to build their own property.”

BuildStore chief executive Raymond Connor says: “Nigel will be a key member of our financial services team, and his role is very important in driving our broker proposition forward. Nigel has a tremendous level of experience and comes with a first-class track record in financial services, I am sure he will play a major part in helping BuildLoan retain its position as the number one intermediary choice for self build finance.”

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Strong dollar can be a powerful driver of UK dividend growth in 2015

By Robin Geffen, fund manager and CEO 

This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar. 

In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.

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  • Poacher turned game keeper 5th March 2013 at 5:43 pm

    Top man and a very good appointment and long over due for his experience and knowledge have been missed I feel sure.