Archive by Category: Article

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 – [...]

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

18

MAR

No

Comments

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 [...]

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

24

FEB

No

Comments

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 [...]

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

24

FEB

No

Comments

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 [...]

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

15

JAN

No

Comments

Jan 20 – Changes at the FOS

BY IN Article On 15th January 2020

The New Year will bring a consultation on changes to the funding of the Ombudsman service.  It appears that the PPI debacle has masked a savage increase in overheads at the service where the PPI case fees have subsidised a [...]

6 months ago / Comments Off on Jan 20 – Changes at the FOS

15

JAN

No

Comments

Jan 20 – The shifting view on income protection

BY IN Article On 3rd January 2020

The phrase ‘mortgage protection products are sold; they are not bought’ surfaces time and time again. But this is true in a post-MMR (Mortgage Market Review) world where the core mortgage advice and application process takes a significant amount of [...]

6 months ago / Comments Off on Jan 20 – The shifting view on income protection

3

JAN

No

Comments

Dec 19 – The price of “free”dom

BY IN Article On 12th December 2019

In the past I have been critical of the marketing by lenders of “free valuations” and “free legals”.  News is reaching me again of significant delays in purchase and re-mortgage cases as the service provided through some conveyancers are at [...]

7 months ago / Comments Off on Dec 19 – The price of “free”dom

12

DEC

No

Comments

Dec 19 – Cultural Awareness

BY IN Article On 12th December 2019

As a responsible trade body, AMI has always wanted an effective and efficient regulator.  In the FCA we have in the past enjoyed an open and participative approach built on mutual trust.  The MMR and FSCS funding consultation being two [...]

7 months ago / Comments Off on Dec 19 – Cultural Awareness

12

DEC

No

Comments

Nov 19 – The gift of SM&CR

BY IN Article On 19th November 2019

With the FCA’s Senior Manager & Certification Regime (SM&CR) due to be extended across financial services businesses from 9 December 2019, I would have expected more noise from small to medium sized advice firms complaining about the complexity.  It makes [...]

8 months ago / Comments Off on Nov 19 – The gift of SM&CR

19

NOV

No

Comments

Nov 19 – Remember, Remember the 9th of December

BY IN Article On 19th November 2019

This is the magic date when we migrate from the Financial Conduct Authority’s Approved Persons regime to the new Senior Managers regime.  Further changes will occur during 2020 when firms will have to complete activity to comply with the new [...]

8 months ago / Comments Off on Nov 19 – Remember, Remember the 9th of December

19

NOV

No

Comments

1 2 3 4 5 6 7 19