Pisces: "Mortgage services business unaffected"

Vincent Turner, business manager of the Pisces lender and consumer division, says the decision to place the Pisces Group into administration will have no impact on the mortgage services side of the business.

He told Brokernews, the voluntary administration only affected the parent holding company and was done to "clean up the balance sheet"

"The mortgage services business remains healthy and unaffected by moves by management and the board," Turner said.

He also confirmed that John Hewson remains as chairman and Jega Rajan as CEO.

A press release explaining what has transpired is due to be released shortly.

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Pisces group in administration