UK: ALLIED DUNBAR IGNORES ACTUARIES' ADVICE

Article Abstract:

Allied Dunbar is using an endowment mortgage protection rate of 7% for new and existing mortgage business. This is at odds with the rest of the industry who are complying with a recommendation from the Institute of Actuaries for 6% to be used. Standard Life, Scottish Amicable and Cornhill are all using 6%. Allied Dunbar is still within the Financial Services Authority projection of 4-8%.

Standard Life Assurance Co.

---

UK: ALLIED DUNBAR JOINED BY REEDS RAINS

Article Abstract:

The Allied Dunbar Franchise Network has a new member, Reeds Rains of the UK, independent estate agent with 137 branches. Advisers have access to comparisons of over 100 mortgage offers though the mortgage application of Allied Dunbar, which is planning to send information by email. Allied Dunbar still offers endowment mortgages.

New capacity, new plant construction

---

UK: Criticism of First National Mortgage

Article Abstract:

Some observers feel that the 3% procuration fee being offered by First National Mortgage Company as an incentive to packagers could encourage mis-selling. The firm is also offering brokers 2% direct, compared with the average sub-prime procuration fee of 1%. It claims that the arrangement is transparent, while rivals pay overrides and marketing allowances which are unclear.

First National Mortgage Co.

Similar abstracts:

• Abstracts: FRANCE: PHARMACIES VERSUS SUPERMARKETS. EU/FRANCE: OPERA JOINS AMS. FRANCE: THE LECLERC-LICHT AFFAIR
• Abstracts: TURKEY: BANK AUSTRIA EYEING PRIVATISATION MARKET. AUSTRIA: PRIVATE BANKING WITH BA CA GROUP. AUSTRIA: SHARE BUY-BACK BY BANK AUSTRIA
• Abstracts: DENMARK: A.P.MOLLER'S FIRST HALF 2001 RESULTS. Denmark: DONG's first half 2001 results. DENMARK: STATOIL'S 1999 RESULTS

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.