Mar 21 – Mortgage Fraud
We understand from a fellow trade body that mortgage lenders have seen an increase in certain types of mortgage fraud over the past 12 months
Mar 21 – Tech for Tech’s sake
Press headlines get me intrigued, motivated, disappointed but sometimes genuinely challenged. “Big, dumb mortgage products” was one. Would this be revolution, evolution or innovation? Dr Louise Beaumont, chair of the open finance and payments working group at TechUK, was cited as saying that, ”Open banking has a rich and valuable future, building from humble beginnings […]
Mar 21 – Doing Enough?
As a white male who has enjoyed the privilege of a university education, bank employment and never being out of work I am always unsure when I venture into thoughts on Equality and Inclusivity. However, I did grow up within a mile of the “base” for Trainspotting and my first pub routinely saw deeper discussions […]
Mar 21 – New FCA online invoicing portal
FCA is launching a new online invoicing portal on 12 April 2021 for firms to access their invoices and arrange payment of their fees. The existing invoicing portal will no longer be available after 31 March 2021
Feb 21 – Increasing Compliance with the off-payroll working rules (IR35) starts 6th April 2021
In 2017 HMRC introduced off-payroll working rules reform to the public sector and in the 2018 Budget, the Government, announced that it would be introduced into other sectors from April 2020.The delayed implementation is now due to start from 6th April 2021
Feb 21 – Bailey’s grand defence
Why did I watch Andrew Bailey appear before the Treasury Select Committee? Because he was being interviewed about his part in the London Capital & Finance failure and the report by Dame Elisabeth Gloster that apportioned blame on him for the failure of the FCA to use its authorisation and supervisory powers appropriately. This has […]
Feb 21 – A new regulatory worry
It was early November 2020 that Caroline Wayman, Chief Executive and Chief Ombudsman at the Financial Ombudsman Service, sat in front of the Treasury Select Committee to be challenged by Chair Mel Stride and other MPs on the Service’s work. For anyone that has not watched or been involved in any of these sessions before, […]
Feb 21 – Doomed by failure
The FSCS has set its funding requirement for 2021/22 with the total amount to be invoiced rising to £1.04bn. This is because the Life Distribution and Investment Intermediation class and the Investment Provision class have breached their threshold maximums. Total costs in those two sectors are £705m, with a maximum chargeable of £440m. This triggers […]
Feb 21 – Brexit
AMI has prepared an updated factsheet to highlight areas for member firms to consider
Jan 21 – The Green Deal
The Department for Business, Energy & Industrial Strategy (BEIS) is not one which readily trips off the tongue when considering where the major housing and mortgage market impacts will come from. However, it is a key driving force in the areas of Artificial Intelligence (AI) and in promoting innovative technology in the wider financial services […]
