Articles

Member Area
Feb 21 – Bailey’s grand defence

BY AMI

Why did I watch Andrew Bailey appear before the Treasury Select Committee?  Because he was being interviewed about his part in the London Capital & Finance failure and the report by Dame Elisabeth Gloster that apportioned blame on him for [...]

2 weeks ago / No Comments

23

FEB

No

Comments

Feb 21 – A new regulatory worry

BY AMI

It was early November 2020 that Caroline Wayman, Chief Executive and Chief Ombudsman at the Financial Ombudsman Service, sat in front of the Treasury Select Committee to be challenged by Chair Mel Stride and other MPs on the Service’s work.  [...]

2 weeks ago / No Comments

23

FEB

No

Comments

Feb 21 – Doomed by failure

BY AMI

The FSCS has set its funding requirement for 2021/22 with the total amount to be invoiced rising to £1.04bn.  This is because the Life Distribution and Investment Intermediation class and the Investment Provision class have breached their threshold maximums. Total [...]

2 weeks ago / No Comments

23

FEB

No

Comments

Jan 21 – The Green Deal

BY AMI

The Department for Business, Energy & Industrial Strategy (BEIS) is not one which readily trips off the tongue when considering where the major housing and mortgage market impacts will come from.  However, it is a key driving force in the [...]

2 months ago / No Comments

19

JAN

No

Comments

Jan 21 – A new shiny FCA

BY AMI

The Treasury is currently consulting on the future financial services regulatory framework.  This is our “once in a generation” chance to shape who regulates our industry with focus on their objectives and how they are “managed and controlled”.  We have [...]

2 months ago / No Comments

19

JAN

No

Comments

Jan 21 – Closing the gap

BY AMI

The Association of Mortgage Intermediaries (AMI) recently partnered with Legal & General and Royal London to undertake a major consumer research project on consumer attitudes and their recollections of interactions in the protection market.  The research asked 5,000 consumers and [...]

2 months ago / No Comments

5

JAN

No

Comments

Dec 20 – Don’t bury your heads

BY AMI

It is almost six months since the FCA published its findings from exploratory work on lifetime mortgage lending on 17 June 2020.  In what has been a muddled year, where mentally it feels like it should be March yet we [...]

3 months ago / No Comments

8

DEC

No

Comments

Dec 20 – Paying for poor advice

BY AMI

As a trade body head representing the mortgage intermediary community the last few months have been tough.  The isolation of Covid has not suited me well.  I am not looking for sympathy but it has changed our approach to lobbying [...]

3 months ago / No Comments

8

DEC

No

Comments

Dec 20 – New routes to market

BY AMI

Before the ink has dried on the £17.9m fine imposed by the Competition and Markets Authority on Compare the Market for breaching competition law by imposing wide ‘most favoured nation’ clauses on providers of home insurance, they have announced a [...]

3 months ago / No Comments

8

DEC

No

Comments

Nov 20 – Getting to grips

BY AMI

The FCA has written to all mortgage intermediary firms setting out its supervisory agenda for the next 12 months.  The six page letter sets out the key issues it is concerned about – firms should be able to clearly demonstrate [...]

4 months ago / No Comments

17

NOV

No

Comments