You are here: Home - News -

Packagers plan new industry trade body

  • 14/01/2002
  • 0
Packagers are in talks about launching a new trade body that aims to increase the sector's influence...

Packagers are in talks about launching a new trade body that aims to increase the sector’s influence in the development of the FSA’s emerging regulatory regime.

National Association of Mortgage Brokers and Advisers’ (NAMBA) representative Julian Jennings is facilitating talks over the creation of the UK Association of Mortgage Packagers (UKAMP).

One of the main points under discussion will be whether, if it goes ahead, the new group will exist under the NAMBA umbrella or form an autonomous organisation. Issues surrounding the Treasury’s decision to regulate mortgage advice are also expected to be on the agenda.

Jennings said: ‘We have a meeting scheduled this week to see what happens with the initiative and afterwards we will know exactly where we are going. We don’t know at this stage whether people want it or whether it should be a part of NAMBA.’ Jennings added that if the group is established, he will not be heading it and will only facilitate meetings.

The nearest thing to a packager trade body at the moment is the Professional Mortgage Packagers Association (PMPA), although it has a limited membership, based on invitation.

Victor Jannels, spokesman for PMPA, said: ‘PMPA is not a trade association, nor are we becoming one. We are a group of like-minded packagers that have come together. We look to provide a professional service but we have not set ourselves up to be seen as a professional body or trade association.’

However, Jannels added that PMPA would continue to act as a voice for the sector, despite the possible launch of UKAMP. ‘We are looking to have conversations on a regular basis with the regulators,’ he said.


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
Survival of the fittest

Kirstie Redford talks to Mike Green, sales director of Mortgage Brain, about trading platforms, compliance issues and drinking gin and...