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%.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
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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.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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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.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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