Nov 20 – GI market study and consultation
In September 2020, FCA released its final market study report into GI pricing practices. Alongside this, it also released a consultation paper which AMI plan to respond to. A policy statement is expected in Q2 2021, with implementation expected four months thereafter. Why does the FCA want to intervene in this market? This forms part […]
Nov 20 – AMI Viewpoint 2020 – The New Protection Challenge
This morning AMI launched our Viewpoint 2020 – The New Protection Challenge. We were joined by sponsors L&G and Royal London as we revealed the findings
Oct 20 – Starting the wrong race
The FCA recently issued a call for input to look at where the consumer investment advice market is not working well and to seek views on what changes can be made to improve the protections and outcomes. On the face of it this seems a very straightforward and sensible thing for the FCA to do. […]
Oct 20 – Anything you can do?
Early in October I spent an hour creating a podcast with the UK Mortgage Prisoners Action Group. What this brought home to me was the sheer variety of mortgages caught; the different circumstances of the consumers; and the complexity of events that had conspired to bring these people to the place they were now in. […]
Oct 20 – Pushing water uphill
The last 7 months have been turbulent, with more challenging times to come. This is uncharted territory as there are no experts in governments at attempting mass population control in a pandemic. We see money being thrown at problems in a way never imagined. However, demand for houses and mortgages has never been stronger. House […]
Sept 20 – New SM&CR annual reporting requirement – REP008
The Senior Managers & Certification Regime introduces a new annual reporting requirement which all firms must complete and submit using GABRIEL.
Sept 20 – Fighting for justice
Regular readers and those who have heard me speak know that I am often less than impressed by the way the FCA operates. This time I am far from alone. In July, the FCA launched an eight-week consultation proposing changes to the way in which it, the PRA and Bank of England make compensation payments […]
Sept 20 – Loose ends – stormy waters ahead
I am becoming concerned about what next February and March might feel like. As the existing Help to Buy scheme ends, pressure will escalate on builders, conveyancers, lenders and brokers to ensure timely completion. At the same time, the 3% Stamp Duty reduction will be coming to a close and lenders, conveyancers and brokers will […]
Aug 20 – The cheapest rule factsheet
AMI has produced a new factsheet as guidance for firms following the introduction of FCA rules
Aug 20 – FCA introduces paper admin fee
The FCA is aiming to move to 100% paperless invoicing.
