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Could complexity create problems for popular ISA wrappers?

Could complexity create problems for popular ISA wrappers?

In a relatively short space of time the number of ISA wrappers available to investors has increased and therefore the level of complexity associated with each product has increased too.

Ian and Bill’s monthly review – October

Ian and Bill’s monthly review – October

As the dust continues to settle following Brexit, the economic landscape is at least becoming a little clearer. The Bank of England has acted by cutting the base interest rate, to a new historic low of 0.25%.

Brexit: What now for lenders?

Brexit: What now for lenders?

The result of the EU Referendum unleashed a wave of uncertainty as central banks, investors, spenders, savers and borrowers alike watched on to see how the result hit the economy.

FCA approves Tech Mahindra acquisition of Target Group

FCA approves Tech Mahindra acquisition of Target Group

Target Group, the financial services outsourcing and software provider, has welcomed the FCA’s confirmation that it has formally approved Target’s acquisition by Tech Mahindra, a global specialist in digital transformation.

Ian and Bill’s monthly review – July

Ian and Bill’s monthly review – July

The past month has seen momentous events unfold in Britain and for its European partners. Although the UK has undoubtedly entered a new era, negotiations may well not start for some time and political uncertainty is likely to dominate the country’s agenda for the foreseeable future.

New research on Target Group

New research on Target Group

TechMarketView, the software and IT services research company, has recently undertaken new research on Target Group.

Target shortlisted for Payments Awards 2016

Target shortlisted for Payments Awards 2016

We're delighted to have been shortlisted for The Payments Awards "Best online payments solution (consumer)" for our work with our client DVLA

Ian Larkin, Co-Group CEO responds to the latest CML lending trends data

Ian Larkin, Co-Group CEO responds to the latest CML lending trends data

The really pressing question for lenders now is what next following the Brexit vote?

Target Group reports third consecutive year of strong growth

Target Group reports third consecutive year of strong growth

Target Group, the financial services outsourcing and software provider which announced last month that it is to be acquired by leading global information technology specialist Tech Mahindra, has reported a third consecutive year of strong growth in its annual results.

Specialist Financial Services chooses Target Bluechip’s Broker system

Specialist Financial Services chooses Target Bluechip’s Broker system

Target Group, the financial services outsourcing and software provider, has signed a deal to supply its Bluechip Broker system to Specialist Financial Services, one of the leading UK specialist broker packagers of second charge, bridging and commercial finance.

UK insurance industry facing customer expectation gap according to our latest whitepaper

UK insurance industry facing customer expectation gap according to our latest whitepaper

The Expectation Gap in the UK Insurance Industry has revealed that 40% of consumers do not believe that insurers treat customers well

Target Group creates over 250 new jobs as it prepares for further growth

Target Group creates over 250 new jobs as it prepares for further growth

Target Group, the financial services outsourcing and software provider, today announces it has created over 250 new jobs. The planned expansion is a continuation of the firm’s strong performance in recent years and follows last week’s announcement of its acquisition by global multi-national specialist in digital transformation, Tech Mahindra.

Target Group to be acquired by Tech Mahindra

Target Group to be acquired by Tech Mahindra

The management team behind Target Group, the financial services outsourcing and software provider, has welcomed today’s announcement of the acquisition of the business by global multi-national specialist in digital transformation, Tech Mahindra. The transaction is subject to FCA approval; completion will take place once this is confirmed.

Lending into Retirement

Lending into Retirement

The confluence of an ageing UK population, house price inflation and new pension freedoms all point to the importance of finding solutions to the question of how our industry best lends into retirement.

Award winning Target

Award winning Target

We are extremely proud to announce that last night we were awarded "Best Credit Services Provider" at the 2016 Credit Today Awards in London.

Smarter, stronger, faster – how do lenders gain a competitive edge in a crowded market place?

Smarter, stronger, faster – how do lenders gain a competitive edge in a crowded market place?

The lending market looks to have entered another cycle over the past few years.

Ian and Bill’s monthly review – May

Ian and Bill’s monthly review – May

We’re delighted to kick of this edition with the fantastic news that we were named as ‘Best Credit Services Provider’ at the recent 2016 Credit Today awards.

Leading P2P provider Ratesetter appoints Target

Leading P2P provider Ratesetter appoints Target

Target Group, the financial services outsourcing and software business, has been appointed to provide standby servicing to Ratesetter one of the UK’s leading peer-to-peer (P2P) lending platforms. With the UK’s alternative finance market valued at £3.2bn, long-term resilience planning in what is a rapidly growing market is crucial.

Target announce the integration of Twenty7Tec’s sourcing software

Target announce the integration of Twenty7Tec’s sourcing software

Target Group, the financial services outsourcing and software provider has announced the integration of Twenty7Tec’s mortgage and secured loan sourcing software into the firm’s broker management system, ‘Bluechip’. The integration will mean LoanSource (Twenty7Tec’s secured loan sourcing system), and later MortgageSource (its mortgage sourcing system) will be available on the Bluechip platform, allowing users to conduct detailed analysis of the secured lending options available to them.

Brexit – the impact on UK Financial Services

Brexit – the impact on UK Financial Services

Whatever the outcome of June’s EU referendum, the consequences for financial services will be hugely significant.

Target Group strengthens ANZ presence with two key appointments

Target Group strengthens ANZ presence with two key appointments

As a result of continued growth, Target Group, the financial services outsourcing and software provider, today announces the appointments of Gurraj Bhachu and Thais Bottieri to further strengthen its team in Australia and New Zealand.

Ian and Bill’s monthly market review

Ian and Bill’s monthly market review

It has been a busy month in the financial services sector as ‘Brexit’ fever grips not just the industry, but the entire country.

What’s stopping Insurance product innovation?

What’s stopping Insurance product innovation?

As Insurers continue to push their digital agendas and consumers demand more personalised engagement and compelling relevant products, two important questions come to mind

Disaggregation: the springboard for lending innovation

Disaggregation: the springboard for lending innovation

Immediately after the global financial crisis our industry experienced a period of existential threat. The good news is – we still exist!

Pivot Finance selects Target Bluechip’s market leading Bridging Finance system

Pivot Finance selects Target Bluechip’s market leading Bridging Finance system

Target Group, the financial services outsourcing and software business, has been selected by Bridging and Development finance lender Pivot Finance to provide its Bluechip Lender system. The deal sees Target become the largest provider of systems to the Bridging Finance sector.

Q&A with Richard Thompson, Partner Portfolio Advisory Group at PWC

Q&A with Richard Thompson, Partner Portfolio Advisory Group at PWC

We catch up with Richard Thompson, Partner Portfolio Advisory Group at PWC

UK Lending: The Drivers of Change Infographic

UK Lending: The Drivers of Change Infographic

At Target we are constantly looking to assess the current state of financial services in the United Kingdom, helping to provide optimised services for our clients. As part of this assessment, we recently published our latest research around the changing UK lending market.

Our take on the Q4 2015 Funding for Lending Scheme figures

Our take on the Q4 2015 Funding for Lending Scheme figures

There are many positives in the Bank of England 2015 Q4 usage and lending data. Growth in net lending to SME’s is the fundamental objective of the FLS Extension and the data indicates that the scheme is succeeding. We also see growth in the participation of non-traditional lenders as encouraging because more competition will benefit SME’s.

Target awarded runner up at the CICM Awards

Target awarded runner up at the CICM Awards

Target Group is delighted to have been awarded runners up in the 2016 CICM British Credit Awards for the category of Consumer Collections Team of the Year. Our team enjoyed a brilliant evening celebrating all the nominees’ efforts throughout the year, as well as thanking them for their hard work on continually developing our solution.

Keeping Insurance Brokers relevant in the digital age

Keeping Insurance Brokers relevant in the digital age

It is fair to say that, as a breed, insurance intermediaries have long been the ‘Apple’ of the insurance market, offering innovative solutions, creative value added services and advice to their customers.

Interview with Mike Newman as Hartmoor launch their first products to market

Interview with Mike Newman as Hartmoor launch their first products to market

We caught up with Mike Newman, Director of Structured Products at Target Group, to understand a little more about the launch and the opportunities he sees in the marketplace

Our Top Tips for Peer to Peer lenders when choosing a standby servicer

Our Top Tips for Peer to Peer lenders when choosing a standby servicer

In a rapidly changing market giving your customers and shareholders peace of mind that you have a back up plan in place should the worst happen is essential.

An interview with Paul Smee, Director General, CML

An interview with Paul Smee, Director General, CML

Clearly there’s been a lot of change in this market, particularly in the tax treatment of Buy to Let landlords. The sector must be feeling a little groggy from the amount of change that it has had to plan for, particularly with amendments to the stamp duty and the landlords tax allowance

Target shortlisted for FS Tech award

Target shortlisted for FS Tech award

We’re delighted to have been shortlisted for Payments innovation of the year in the FS Tech awards alongside our client the DVLA. We delivered a solution that supported the launch of a Direct Debit payment facility of car tax. The process included initial Direct Debit set up, ongoing payment processing and provided information to their contact centre for customer enquiries.

Hope Capital chooses Target Bluechip’s bridging lending system

Hope Capital chooses Target Bluechip’s bridging lending system

Target Group, the financial services outsourcing and software provider, has signed a deal to supply its bridging lending system to Hope Capital Bridging Finance, the Liverpool based short-term property finance provider. Target Bluechip consists of a number of innovative software solutions which are designed for finance brokers and short term lenders, it is the largest supplier of systems to UK bridging lenders.

Steve Haggerty reviews competition in the mortgage market

Steve Haggerty reviews competition in the mortgage market

The FCA has recently initiated a review into competition in the mortgage sector as it’s clear that the current dynamic is not working at the optimum efficiency and consumers are losing out.

Target highly commended for Mortgage Finance Gazette award

Target highly commended for Mortgage Finance Gazette award

Target Group has today been highly commended for the ‘Best Debt/ Arrears Management Strategy’ category in the Mortgage Finance Gazette Awards 2015. The industry has acknowledged that lenders need to have effective arrears management processes in place to help customers with fall into debt. The ‘Best Debt/ Arrears Management Strategy’ category called for examples of innovative solutions that are helping customers in this way.

What is the affinity opportunity for intermediaries?

What is the affinity opportunity for intermediaries?

In our recent independent research, 56% of the market cited distribution as the greatest challenge and opportunity facing the insurance industry.

Banking Beyond Borders

Banking Beyond Borders

Introduced by National news presenter Natasha Kaplinsky, the video looks at developments in the banking industry and showcases how we help financial services businesses operate within a changing landscape.

Hartmoor eyes UK structured deposits market

Hartmoor eyes UK structured deposits market

Hartmoor Financial, a subsidiary of technology giant Target Group, is eager to snap up opportunities in the booming structured deposits market. Ross Trotman, head of structuring, talks about the UK annuity reforms and regulatory change

Policy Admin as a commodity – where is the value in a digital transformation?

Policy Admin as a commodity – where is the value in a digital transformation?

Our recent independent survey of insurance professionals found that 70% of respondents called for “significant investment” from their businesses in technology to drive distribution decision making. A further 56% testified that distribution is both their greatest opportunity and the biggest challenge they face.

An Interview with our Co-Group CEOs Bill and Ian

An Interview with our Co-Group CEOs Bill and Ian

We catch up with our Co-Group CEO's Bill and Ian

Target Group and Freedom Finance join forces to support the launch of ‘BumbleBee’ a new unsecured lender

Target Group and Freedom Finance join forces to support the launch of ‘BumbleBee’ a new unsecured lender

Target Group, the financial services outsourcer, has today announced it has joined with Freedom Finance to support the launch of BumbleBee Loans Limited, a new unsecured lender. BumbleBee will offer unsecured loans to consumers initially through Freedom’s loan portal.

Target Group is appointed as servicer following the purchase of Barclays UK Secured Lending portfolio

Target Group is appointed as servicer following the purchase of Barclays UK Secured Lending portfolio

We are delighted to announce that Target Group have been selected to provide Third party administration and customer services in support of the purchase of Barclays’ UK Secured Lending portfolio by a group, including Goldman Sachs, Elderbridge and Pollen Street Capital.

A challenging route to market for challenger banks

A challenging route to market for challenger banks

Since the financial crisis the banking industry has undergone a number of changes.

Interview with Tony Ward, CEO Clayton Euro Risk

Interview with Tony Ward, CEO Clayton Euro Risk

We catch up with Tony Ward, CEO Clayton Euro Risk

Target Group announces plans to create over 100 new jobs in South Wales

Target Group announces plans to create over 100 new jobs in South Wales

Target Group, the financial services outsourcing and software provider, has today announced it is creating over 100 new jobs in South Wales. The jobs will be based in Cardiff and Newport and will include roles in IT, customer services, collections and compliance. The vacancies are as a result of a number of significant contract wins for Target who with the new roles will now employ over 700 people across its 7 offices with 450 employees based in South Wales. The additional jobs will make Target a significant employer in the area.

Insurance disruption is inevitable – who will embrace the Uber’s in insurance?

Insurance disruption is inevitable – who will embrace the Uber’s in insurance?

Recent research undertaken by Target Group shows that consumers have not been well engaged by insurance companies to date; 85% of our respondents confirmed that they prefer to use the web when it comes to researching, buying or checking policies but that more than one in three find the experience “very confusing”.

Equity Release: current success and future challenges

Equity Release: current success and future challenges

The Equity Release industry has been one of the real success stories of the mortgage market over the past few years. We broke the billion barrier in 2013, set a new record of £1.4 billion in total lending last year and 2015 looks set to be yet another record-breaking 12 months.

Data Analytics – how to ensure a positive impact on your business

Data Analytics – how to ensure a positive impact on your business

Large organisations will generally generate significant quantities of raw data and information on a daily basis – this data can be a real asset to the business and when utilised properly it will support more informed decisions throughout a business; optimising or creating processes/systems, methodologies and opportunities.

Growth leads to Board changes

Growth leads to Board changes

Target Group, the financial services outsourcing and software provider, has today announced a number of changes to its Board, including the promotion of Ian Larkin and Bill Alley to the role of Co-Group CEO and the appointment of Paddy Byrne to the role of Chairman. Following another year of significant growth the Target Board has chosen to restructure the Board and governance to build on its achievements to date and to prepare the business for further growth in the future.

Interview with Bharat Sagar

Interview with Bharat Sagar

We catch up with Bharat Sagar

Why is UK lending the place to be?

Why is UK lending the place to be?

As talk in the media generally tends to focus on first-time buyers and London house prices, it’s easy to forget about the non-prime mortgage industry.

Bridging Finance Solutions chooses Target Bluechip

Bridging Finance Solutions chooses Target Bluechip

Target Group, the financial services outsourcing and software provider, has signed a deal to supply its Bluechip system to Wirral based Bridging Finance Solutions, the short-term property finance provider. Target will also provide Bridging Finance Solutions with several tailored system enhancements to meet the lender’s specific requirements, including system automation, smart document and statement production.

Mortgage Finance Gazette Lunch Club sponsored by Target “Innovation and choice in the non-prime mortgage market”

Mortgage Finance Gazette Lunch Club sponsored by Target “Innovation and choice in the non-prime mortgage market”

There is a demand for specialist lending but there is also a need for innovation in the various part of the market that the’ non-prime’ label covers.

Question and Answer with Geraint Thomas, Partner, Eversheds

Question and Answer with Geraint Thomas, Partner, Eversheds

We catch up with Geraint Thomas, Partner at Eversheds.

Innovation in the non prime mortgage market

Innovation in the non prime mortgage market

As talk in the media generally tends to focus on first-time buyers and London house prices, it’s easy to forget about the non-prime mortgage industry. It may appear to outsiders that the market has faded away, but non-standard customers are as important as ever – even if the market looks different from the past.

Distribution Strategies in Insurance Infographic

Distribution Strategies in Insurance Infographic

We at Target are committed to providing the very best in financial services to our clients; including loan servicing, mortgage servicing, and the latest software

Building a Data Analytics capability

Building a Data Analytics capability

Developing a robust data analytics capability within a business, requires a number of important steps that need to be undertaken before embarking on any development programme. There are a couple of key points you must consider when starting this journey.

Target Group signs new deal with Direct Money

Target Group signs new deal with Direct Money

Target Group, the financial services outsourcing and software provider, has signed a multi- year deal to provide their omni-channel product and accounting solutions to Direct Money, the financial services digital affinity provider in South East Asia.

Hartmoor launch interview with Mike Newman and Ross Trotman

Hartmoor launch interview with Mike Newman and Ross Trotman

We catch up with Mike Newman and Ross Trotman from Hartmoor.

Paul Smee, Director General, Council of Mortgage Lenders Interview

Paul Smee, Director General, Council of Mortgage Lenders Interview

We catch up with Paul Smee, Director General of Council of Mortgage Lenders

Are you prepared for the technology revolution?

Are you prepared for the technology revolution?

With Halifax said to be trialling the use of heartbeat monitors to determine a customer’s identity, technology in the financial sector appears to be advancing more quickly than ever. The bank has revealed plans to use special wristbands to check the heartbeat of its customers – something which is completely unique to each individual - before allowing them to access their online banking facilities.

Big Decisions

Big Decisions

Business likes its buzz words and one of the most often quoted in recent times has been the term ‘Big Data.’ Definitions of ‘Big Data’ vary but one simple and widely held view is that it refers to the massive volumes of both structured and unstructured data that can be mined to reveal patterns or trends around customer behavior and your interaction with them.

Target Group more than doubles profits in 2014 financial year

Target Group more than doubles profits in 2014 financial year

Target Group, the financial services outsourcing and software provider, has today revealed it has more than doubled its profits in the 2014 financial year. The company posted EBITDA of £5.5m in 2014 - a £3.3m increase on the 2013 figure of £2.2m. Turnover increased by over £11m over the same period from £34.7m to £46.1m.

Target Group enters UK Structured Products Market as product manufacturer and distributor

Target Group enters UK Structured Products Market as product manufacturer and distributor

Target Group, the financial services outsourcing and software provider, today announces it is entering the UK structured product industry as a new product provider. This move will see Target designing Retail Structured Products and distributing via Intermediaries under the brand “Hartmoor Financial”.

Question and Answer with Richard Thompson, Partner Portfolio Advisory Group at PwC

Question and Answer with Richard Thompson, Partner Portfolio Advisory Group at PwC

We catch up with Richard Thompson, Partner Portfolio Advisory Group at PwC.

Asset Rich or Cash Poor. Is Equity Release what you are looking for?

Asset Rich or Cash Poor. Is Equity Release what you are looking for?

2014 was the best year ever recorded for Equity Release lending. £1.4bn was loaned into the market and the number of new customers also reached its highest level for 6 years.

The inexorable rise of the new lender and TPMA

The inexorable rise of the new lender and TPMA

So we have recovered. It seems that most commentators believe that the UK economy is back on a safer footing (despite some notable risks and potential headwinds) and as the wider economic environment continues to improve the UK mortgage market is, broadly speaking, on the up. 2014 saw regulatory issues dominate.

A quarter of consumers find buying insurance online confusing, says Target Group

A quarter of consumers find buying insurance online confusing, says Target Group

Over a quarter of consumers (28%) find buying or looking for insurance online confusing, according to new research from the financial services software and outsourcing provider Target Group.The research asked consumers for their perspective on insurers’ online efforts, how they prefer to communicate with insurers and what factors influence how they buy insurance products.

Ian Ferguson Q&A

Ian Ferguson Q&A

We have a quick Q&A with Ian Ferguson

Data Analytics

Data Analytics

Whether they realise it or not most large organisations are awash with valuable data. More often than not, there is a mountain of information tucked away in a number of departments, in varying states of accessibility, accuracy and formats.

Target Group appoints Mark Cutts as Sales Director, IP & BPO

Target Group appoints Mark Cutts as Sales Director, IP & BPO

Target Group, the financial services outsourcing and software provider, today announces the appointment of Mark Cutts as the firm’s Intellectual Property (IP) and Business Process Outsourcing (BPO) Sales Director. With over 20 years’ experience in the global financial services industry, Mark has worked with companies such as Fiserv, Sema Group and HSBC.

The Regulatory Year Ahead

The Regulatory Year Ahead

2014 was an eventful year for Financial Services! The introduction of the Mortgage Market Review (MMR), as well as the implementation of the Consumer Sourcebook kept everyone busy and 2015 looks like it will be more of the same.

What will the mortgage market look like in 2015?

What will the mortgage market look like in 2015?

We have seen some significant changes in the mortgage market over the last year, the most substantial being the implementation of the Mortgage Market Review (MMR) in April. Undoubtedly one of the most extensive pieces of legislation the sector has witnessed in the last decade.

Target nominated for industry award

Target nominated for industry award

Target have been nominated for the FS Tech awards 2015 for Best Use of IT in Re­tail Banking & Insurance for its work for Welcome Finance. By implementing an ac­count and arrears management system, we have enabled Welcome Finance to re­duce its annual IT costs from £7.5million to £2.5million

Secure Trust Bank chooses Target for collections software

Secure Trust Bank chooses Target for collections software

Secure Trust Bank plc has selected Target to deliver a arrears management system to optimise collections and increase efficiency across a wide range of loan portfolios. The tailored arrears system will manage the bank's loan portfolios for motor finance, retail finance and unsecured loans which operate under the Moneyway trading name.

Insightful research into borrowers spending habits

Insightful research into borrowers spending habits

We recently partnered with YouGov to conduct a research survey of 2000 consumers looking into the borrowers spending habits in the wake of the Mortgage Market Review.

Target achieves an initial Special Servicer ranking from Standard and Poor’s and reaffirms Above Average Primary Servicer rating

Target achieves an initial Special Servicer ranking from Standard and Poor’s and reaffirms Above Average Primary Servicer rating

Target is pleased to announce that Standard & Poor’s (S&P) has awarded the group a Special Servicer Rating at its first attempt. In addition, it has also confirmed that Target has maintained its “Above Average” rating for primary servicing.

A change is gonna come…

A change is gonna come…

Received wisdom within financial services is that consumers of financial products don’t like change. Inertia is often cited as a major issue across a diverse range of financial products. Whether it is bank accounts or remortgage rates, it does seem that people often need to be reminded or cajoled into securing a better deal for themselves and, even then, they can be reluctant to act. So why is that the case?

Target moves into portfolio ownership

Target moves into portfolio ownership

Target Group, the financial services outsourcing and software provider, has today announced that it has gone live with its first acquisition of a secured loan portfolio. The acquisition forms part of Target’s ambitious growth strategy, and has been carried out in partnership with Arrow Global.

Yorkshire Building Society re-launches buy-to-let with Target

Yorkshire Building Society re-launches buy-to-let with Target

Target has strengthened its mortgage market presence with another contract win - and welcomes new outsourcing client Yorkshire Building Society.

Steve Khan appointed Sales Director Loans Servicing

Steve Khan appointed Sales Director Loans Servicing

Target Group, the financial services outsourcing and software provider, today announces the appointment of Steve Khan as the firm’s Loan Servicing Sales Director. Steve’s expertise in the financial services industry ranges across retail mortgage origination, capital market and servicing.

John Miles appointed as new Insurance Product Manager

John Miles appointed as new Insurance Product Manager

Target Group, the financial services outsourcing and software provider, has today announced the appointment of John Miles as Product Manager, Insurance. John will be responsible for driving the strategy for Target Group’s IF Channel and IF Fullcycle products.

Terry Baxter joins Target Group as Risk and Compliance Director

Terry Baxter joins Target Group as Risk and Compliance Director

Target Group, the financial services outsourcing and software provider, today announces the appointment of Terry Baxter as the firm’s Risk and Compliance Director.

Target Bluechip secures deal with Chaseblue Loans

Target Bluechip secures deal with Chaseblue Loans

Target bluechip, the loan and mortgage broker software provider, has won a contract to supply its broker management system to Chaseblue Loans, one of the leading UK specialist broker packagers of second charge, bridging and commercial finance.

David Tweedy joins Target Group as Market Relations Director

David Tweedy joins Target Group as Market Relations Director

Financial services outsourcing and software provider Target Group has made a key appointment with David Tweedy joining the Executive Committee.

Morgan Stanley appoints Target to manage significant investment portfolio administration

Morgan Stanley appoints Target to manage significant investment portfolio administration

Morgan Stanley has appointed financial outsourcer and software solutions company Target Group to provide administration services for one of its UK retail structured investment products portfolios.

What does the future hold for new entrants to the UK mortgage market?

What does the future hold for new entrants to the UK mortgage market?

The UK economy is emerging from the financial instability that has characterised the past few years. The mortgage market is moving back to growth, with the Council of Mortgage Lenders predicting that volumes will rise further during 2014, potentially reaching £200billion.

The EU Mortgage Credit Directive: An uncertain future for Buy to Let?

The EU Mortgage Credit Directive: An uncertain future for Buy to Let?

The announcement last month of plans to regulate buy-to-let (BTL) lending as part of the EU Mortgage Credit Directive has left many in the mortgage world scratching their heads.

Target announces smooth MMR transition

Target announces smooth MMR transition

Following Saturday’s MMR deadline, Target Group, the financial services outsourcing and software provider, announces today that it had a smooth transition to the new MMR regulations, having been ‘MMR ready’ ahead of the deadline.

Scottish independence – can we cope with more change?

Scottish independence – can we cope with more change?

Whatever views one might have about political and economic ramifications, it is clear that most of the industry would not welcome the huge amount of work required to unpick a financial union that has been in place since 1707. In the mortgage market in particular concerns have been raised about how mortgages could be denominated and regulated were the union to be dissolved.

New beginnings and new entrants

New beginnings and new entrants

As the UK economy emerges from the financial instability that has tainted the past few years, the mortgage market is showing strong recovery signs. The market is finally settling down after a few years of turbulence, consumer and lender confidence is returning with a flourish.

Outsourcing supports good lending

Outsourcing supports good lending

Over the past seven years, the financial services industry has experienced significant change and upheaval. Despite this, one constant has remained; the use of outsourcing. So with all the transformation and turmoil, why is it that lenders still favour outsourcing?

The importance of arrears strategy in the post MMR world

The importance of arrears strategy in the post MMR world

With the introduction of the Mortgage Market Review (MMR) last month, the main challenge for lenders has been how to comply with regulation effectively whilst still delivering excellent customer service and retaining their competitive advantage.

Standby Servicing shouldn’t be left out in the cold

Standby Servicing shouldn’t be left out in the cold

Since the financial crisis, standby servicing has played an increasingly important role in reassuring investors. As a result, lenders who have not ring fenced their back office functions have felt the heat to have a robust standby servicing provision in place.