Release firms won't survive on wholesale funding

Pow, Helen
August 2009
Money Marketing;8/6/2009, p7
The article focuses on the opinion of Mike Fuller, chief executive officer (CEO) of Just Retirement Ltd., concerning equity-released providers which fund new business using wholesale markets in Great Britain. Fuller discloses that banks, building societies and other providers will not be able to pursue writing new equity-release businesses on short-term funding. It notes the failure of Bradford and Bingley PLC, Standard Life Bank Ltd., and Bristol and West PLC, which used wholesale markets.


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