Feb 18 – Keeping focus
The FCA as part of its activity developing its “Mission” has recently issued a series of documents to allow input over its approach to consumers, competition and authorisation, with more to follow. AMI is disappointed that the content reads more as academic papers rather than identifying the real issues facing consumers and proposing specific solutions. […]
Feb 18 – Beyond the regulatory perimeter
Unregulated activities have gained interest over recent years as compensation scheme claims against intermediaries have risen dramatically, with most claims relating to advice given on an unregulated product. As the firms mis-selling these speculative property schemes and unregulated investments have been regulated, the burden falls onto the rest of the industry. There is already an […]
Jan 18 – General Data Protection Regulation
In September we issued a factsheet on the General Data Protection Regulation, which applies to all firms from 25 May 2018.
Jan 18 – Looking ahead
As we have entered the New Year, the regulatory and legislative changes that we had seen from a distance are now just around the corner. The most rushed changes come from the Insurance Distribution Directive which applies to firms carrying out life insurance and non-investment insurance business. The FCA only recently issued its second policy […]
Jan 18 – Opportunity
The New Year brings a new set of targets for our lender partners. Having seen another year of growth in volume in 2017, early discussions indicate that no-one is looking to take a step backwards in 2018. Indeed with many lenders indicating ambitious growth targets, it looks like we will have a year of opportunity […]
Dec 17 – Neither a Marathon nor a Sprint
The entire housing agenda is now at the heart of government policy with Theresa May picking up the baton on getting Britain Building as the domestic diversion to the Brexit negotiations. She has now taken over after David Cameron ran a decent first bend, with May now stretching her legs down the back straight being […]
Dec 17 – End of year worry beads
It looks like the arrival of more lenders paying for product transfers combined with rising interest rates has energised the market. It is now an easier discussion in a low interest rate world for the broker where “charging a fee” to leave the customer “where they were” was challenging. Although there is often less money […]
Dec 17 – Debt activity
Back in March the FCA communicated six new permission categories relating to debt activity. Regulatory work has since moved forward with the release of the first draft of how the Senior Managers & Certification Regime (SMCR) will be applied to the rest of the industry, and a more polished version of how the Financial Services […]
Nov 17 – Consumer Credit Authorisation – Debt Management Limitation guidance
This important permissions issue should be read by all firms.
Nov 17 – The March of the “BOT”
The rapid march of technology is predicted to make redundant the traditional mortgage broker. If all is to be believed then we will soon see the application of Artificial Intelligence, robo-advice models, enhanced sourcing, online criteria systems, propensity modelling and direct to lender application and approval processes which will bring the demise of traditional approaches. […]
