Archive by Category: Article

May 20 – Business as usual at FCA

BY IN Article On 11th May 2020

In its proposed fees budget for 2020/21, the FCA has considered the effect of any fee increases on small firms and has moved to freeze minimum fees and defer the payment deadline for the fees of small and medium sized [...]

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May 20 – Putting remortgage to the sword

BY IN Article On 11th May 2020

As part of the Mortgages Market Study, the FCA said that more needed to be done to help ‘less active’ consumers who remain on their mortgage reversion rate at the end of any initial term.  This was also highlighted in [...]

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Apr 20 – Keeping your customers safe

BY IN Article On 14th April 2020

It’s hard to believe that it’s been less than two weeks since the UK went into lockdown and Zoom, Microsoft Teams, WhatsApp and Skype became our preferred way to communicate.  In an industry that has always favoured face to face [...]

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Apr 20 – Reserving judgement on FOS

BY IN Article On 14th April 2020

AMI has waited patiently for an update on FOS’ 2020/21 consultation, which arrived via a statement on, of all days, April Fool’s day with the final budget and summary of consultation feedback to follow.  Yet it would be foolish to [...]

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Apr 20 – Opening the floodgates for execution-only?

BY IN Article On 14th April 2020

It was with an element of trepidation that I clicked on the link in an email at the end of January to read the long awaited and much discussed policy statement and final rules on mortgage advice and selling standards [...]

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Mar 20 – Building operational resilience: does it matter?

BY IN Article On 18th March 2020

Operational resilience has become an area of priority for the FCA and was included in their 2019/20 Business Plan.  They issued a Consultation Paper on 5 December 2019 and within the mortgage intermediation sector it will apply to SM&CR enhanced [...]

3 months ago / Comments Off on Mar 20 – Building operational resilience: does it matter?

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Mar 20 – A little top heavy

BY IN Article On 18th March 2020

As the FCA has grown its staff to almost 4,000 people it has also subtly changed shape.  In addition to the Chair and Chief Executive it has evolved a number of divisions within its structure:- Strategy & Competition; Supervision – [...]

3 months ago / Comments Off on Mar 20 – A little top heavy

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Feb 20 – The dangerous devil in the detail

BY IN Article On 24th February 2020

The long-awaited Policy Statement on Mortgage Advice and Selling Standards has now been published by the FCA.  Whilst the policy changes came into effect from 31 January there are transitional provisions that run to 30 July 2020 which allows firms [...]

3 months ago / Comments Off on Feb 20 – The dangerous devil in the detail

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Feb 20 – The politics of investing

BY IN Article On 24th February 2020

Having spent 2016 and 2017 working on the last fundamental review of the Financial Services Compensation Scheme it is fascinating to see investment advisers lobbying their MPs in droves as to its unfairness.  I am not sure where they were [...]

3 months ago / Comments Off on Feb 20 – The politics of investing

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Jan 20 – Residential Renaissance

BY IN Article On 15th January 2020

As we leave behind the election, the new government has a range of challenges facing it.  One amongst many is the housing dilemma, in that all parties committed in their manifestos to get Britain building even more.  The delivery of [...]

5 months ago / Comments Off on Jan 20 – Residential Renaissance

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