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TODAY'S OTHER NEWS

LSL chairman Embley steps down to head new finance operation

LSL Property Services is to set up a mortgage brokerage called Pivotal Growth.

The new brokerage - set up with Pollen Street Capital - is to be led by LSL's chairman, Simon Embley.

He has been appointed chief executive of Pivotal Growth and will step down from his role as non-executive chair of the LSL board  later this month.

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LSL already operates one of the largest financial services network and advisory businesses in the UK with around 2,600 advisors. 

Through its PRIMIS intermediary network, it accounted for £32.6bn of mortgage completions in 2020, representing approximately nine per cent of the total purchase and remortgage market, and in 2020 provided new protection insurance policies generating around £54m of annualised premium. 

LSL is also a specialist in providing mortgage and protection advice to estate agency customers and operates two of the UK's largest new homes mortgage advice businesses.

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