Macquarie Bank pulls out of UK broker loans market

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The news emerged in an email from Aviva to Club 110 members seen by Insurance Age.

In the email Nick Burrows, broker propositions manager at the provider, wrote: "We have been contacted by Macquarie Bank who have advised us of their decision to withdraw from the UK loans market.

"We have been working with Macquarie Bank for just over two years and in that time they have supported a number of 110 members."

According to the email Macquarie has already contacted all brokers affected and will be

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