Mar 20 – Information for firms
AMI is continuing to monitor the developing situation on Coronavirus and will communicate with you where we feel it appropriate. The FCA has
Feb 20 – The dangerous devil in the detail
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 to defer application. The FCA have stated that they are implementing all their consultation proposals […]
Feb 20 – The politics of investing
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 during that review, other than Ken Davy of SimplyBiz who was very vocal in advocating […]
Jan 20 – Residential Renaissance
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 new homes, and the achievement of building 240,000 over the past 12 months, falls short […]
Jan 20 – Changes at the FOS
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 huge cost transformation. As these cases run off the industry is now being asked to […]
Jan 20 – The shifting view on income protection
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 time, resulting in protection conversations that too often happen too late in the process and […]
