March 17 – Sweet Caroline – coming for ya’
In recent weeks we have had some responses from our friends and colleagues in the FCA that indicate they are less inclined towards listening mode at this point in the regulatory cycle. There have been a range of issues where [...]
March 17 – Advice changes on the fringe
The government has recently announced two changes to advice as part of the Financial Advice Market Review. While these will predominantly affect the investments and pensions arena, they should positively impact the conversations that mortgage advisers can have with their [...]
2 weeks ago / Comments Off on March 17 – Advice changes on the fringe
February 17 – Understanding the supply chain
The FCA’s Responsibilities of Providers and Distributors (RPPD) paper sets out guidance for firms around the fair treatment of customers. Although introduced in 2007, it articulated responsibilities already set out in the regulatory Principles, Rules and Guidance, financial services legislation [...]
February 17 – Paying for others’ mistakes
In the last few weeks mortgage firms have been invoiced for the latest interim levy from the Financial Services Compensation Scheme. These were for eye watering amounts of money. The background to the majority of these costs are failed unregulated [...]
February 17 – Is the mortgage market competitive enough?
The FCA has issued the terms of reference for its mortgage market study, which has been focussed more tightly since it issued its feedback statement in May 2016. The review will now revolve around the consideration of two key questions: [...]
February 17 – Cheesecake all round
The industry is about to descend into unseemly squabbles over the FCA proposals to reform the Financial Services Compensation Scheme. The pre-consultation discussions were characterised by goodwill, open minds and positive debate of the issues. Now we have tangible proposals [...]
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January 17 – Considered Choice
January 17 – New Year, new beginnings?
The New Year has brought in a few changes to the mortgage market, including the Prudential Regulation Authority underwriting requirements on buy to let contracts and the end of the Help to Buy mortgage guarantee scheme. [...]
2 months ago / Comments Off on January 17 – New Year, new beginnings?
December 16 – Equity Release – not a universal panacea
The world of equity release is evolving. With a new record lending total of £1.58bn to the end of Q3 in 2016, against a full year number of £1.71b in 2015, it looks likely that we will top £2bn for [...]
December 16 – Ensuring the best of advice
A new debate has been added to the mortgage landscape recently. The volume of product transfer business being done directly by lenders is not included in Product Sales Data provided to the FCA and is not part of any statistics [...]
4 months ago / Comments Off on December 16 – Ensuring the best of advice