News in brief - 16 October 2023

MPowered Mortgages has launched marketing assist, a new tool which uses the power of artificial intelligence (AI) and large language models (LLMs) to create marketing content. The residential mortgage lender has experience using AI, allowing it to speed up and simplify the mortgage journey for homebuyers and remortgagers. Marketing assist combines LLMs like Anthropic’s ‘Claude’ and OpenAI’s ‘ChatGPT’ into a platform tailored to the UK mortgage market. The tool will be used to create social media posts, marketing emails, blog posts, website content and scripts for vlogs.

Dudley Building Society has reduced rates across its existing mortgage product range by an average of 0.8%, as well as reintroduce its two-year fixed rate products for both residential and expat applicants. The society has reduced rates across its existing residential, expat, buy-to-let, holiday let and self-build ranges. The reintroduced two-year fixed rate products include three residential products with maximum LTVs of 60%, 80% or 90%, with the two-year residential product offering a maximum LTV of 60% at a 6.29% rate. Product fees remain the same across its product ranges, with fixed fees between £499 and £999 for all applicants, regardless of loan size.

Hymans Robertson has promoted Alison Leslie to become head of defined contribution (DC) investment. She brings over 25 years of experience in the pensions industry to the role, have worked at Aon for over 12 years in both defined benefit and DC consulting, before joining Hymans in 2021. Leslie also brings a wealth of experience, from in-house providers to third party consulting across a spectrum of disciplines. She currently leads the master trust market for Hymans, developing thought leadership in this space from an investment and governance perspective, working with various industry bodies. Leslie also works as part of the Hymans responsible investment team and chairs the ‘raise the bar’ workstream of the investment consultants sustainability working group.

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