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Abbey to relaunch mortgage alliance

22 January 2004
Abbey for Intermediaries announced that it will not apply to the FSA for Principal Status, under Statutory Regulation being introduced for mortgage business in October, but re-launch its mortgage club, The Mortgage Alliance, to offer an off-the-peg solution for intermediaries.

Director of Abbey for Intermediaries, Ambrose McGinn commented: 'By not setting up in direct competition with IFAs and networks that choose the directly regulated route, we are underlining our pledge to deliver support exactly where it is needed within the intermediary market'.