Archive by Category: Article

May 18 – FSCS

BY IN Article On 22nd May 2018

The new funding structure for the Financial Services Compensation Scheme is a huge win for mortgage intermediaries.  Under the current structure brokers contribute to the life and pensions class due to the protection they sell but have been paying for [...]

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Apr 18 – Real Interest

BY IN Article On 24th April 2018

The development of the later life lending market will be one of the most significant aspects of the housing and mortgage market alongside technological innovation over the next decade.  It was therefore fascinating to see where the FCA decided to [...]

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Apr 18 – Hybrid advice

BY IN Article On 24th April 2018

Several large broker firms have launched or are about to launch their own online offerings for consumers wishing to transact on their computer or by mobile. However, what has been noticeable about these offerings is the decisive move to offer [...]

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Apr 18 – Challenge of culture

BY IN Article On 24th April 2018

In the recent policy and supervisory work from both the PRA and the FCA much has been made of the culture within a firm.  There is a growing recognition that whilst a robust rulebook and well-established principles alongside the Senior [...]

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Mar 18 – Froth not broth

BY IN Article On 19th March 2018

It has long been AMI’s policy position to be supportive of the FCA, but always constructively critical where we consider they either do not fully understand the market or are being impelled by others in the wrong direction.  Two of [...]

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Mar 18 – Reality check

BY IN Article On 19th March 2018

The Dear CEO letter to second charge lenders made fascinating reading.  Not the minor errors by one lender referred to by some commentators in the lead-up to its publication. The FCA has significant concerns, found poor practices and fears that [...]

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Mar 18 – A new Spring

BY IN Article On 19th March 2018

As well as the usual changes to tax thresholds and allowances, there are a few other changes that will take place this Spring. 1 April As part of the government’s efforts to raise standards in the rental market it has [...]

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Feb 18 – Making bubbles

BY IN Article On 19th February 2018

For many decades the profile of mortgage lending remained largely unchanged. This has rapidly shifted in the past decade however, with notable changes including the lengthening of mortgage terms from 25 years to 35 years and a rise in the [...]

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Feb 18 – A scheme worth the money

BY IN Article On 19th February 2018

As an industry the Board and membership of the Association of Mortgage Intermediaries (AMI) have positively supported and subscribed to both the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS) as important safety nets for consumers when [...]

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Feb 18 – Keeping focus

BY IN Article On 19th February 2018

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 [...]

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