Anne Gunther, chief executive of Standard Life Bank, has succeeded HSBC’s Clive Wood, as chair of the Council of Mortgage Lenders (CML).
Referring to the Miles and the Barker reports, Gunther, said: “It is important that any ensuing intervention is sensitive to the real needs and desires of consumers, as well as to the industry. I therefore look forward to ensuring that the CML continues to engage actively and constructively in the emerging policy debates.”
Select & Protect joins AMI
Select & Protect has joined the Association of Mortgage Intermediaries (AMI) as an affiliate member.
Simon Hood, CEO of Select & Protect, said: “We want to ensure our views and expertise surrounding the sale of general insurance through the general insurance market are heard. In addition we want to hear the views of mortgage intermediaries about developments they would like to see in the marketplace, so we want an interactive relationship with the AMI and its membership.”
Performance isn’t everything, say endowment policy-holders
A survey of over 1,000 endowment policyholders surprisingly revealed that bad performance was not the reason most people sold on their endowment policies.
Surrenda-link’s online survey showed only 38 per cent of 1,064 participants had concerns about returns.
Whereas the remaining 62 per cent of respondents cited other reasons for selling on to the second-hand market, including raising cash cited by 23 per cent and 12 per cent who wished to move or remortgage.
