TITLE

Release firms won't survive on wholesale funding

AUTHOR(S)
Pow, Helen
PUB. DATE
August 2009
SOURCE
Money Marketing;8/6/2009, p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
44053369

 

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