TITLE

Mortgage payback product needed to deal with huge interest-only increase

AUTHOR(S)
Pow, Helen
PUB. DATE
May 2009
SOURCE
Money Marketing;5/21/2009, p13
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the suggestion of Mike Rogers, chief executive officer (CEO) of fund management firm LV= Asset Management, for the life insurance industry to restructure mortgage repayment products in Great Britain in 2009. Rogers suggested the need to redesign the life insurance products in response to interest increase. He claimed that insurance providers should offer consumers better and cheaper products to serve them better.
ACCESSION #
41687463

 

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