Articles

Member Area
February 17 – Understanding the supply chain

BY AMI

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 [...]

1 week ago / No Comments

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February 17 – Paying for others’ mistakes

BY AMI

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 [...]

1 week ago / No Comments

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February 17 – Is the mortgage market competitive enough?

BY AMI

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:  [...]

1 week ago / No Comments

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February 17 – Cheesecake all round

BY AMI

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 [...]

1 week ago / No Comments

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January 17 – Considered Choice

BY AMI

2017 has started with good news from Santander on procuration fees. For many years now intermediaries have been at the heart of the Santander mortgage business. [...]

1 month ago / No Comments

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JAN

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January 17 – New Year, new beginnings?

BY AMI

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. [...]

1 month ago / No Comments

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December 16 – Equity Release – not a universal panacea

BY AMI

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 [...]

3 months ago / No Comments

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December 16 – Ensuring the best of advice

BY AMI

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 [...]

3 months ago / No Comments

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DEC

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December 16 – Debt consolidation

BY AMI

AMI continues to have discussions with the FCA on debt consolidation around its expectations of firms. We have subsequently provided guidance for our members.   [...]

3 months ago / No Comments

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November 16 – The potential for read across

BY AMI

There has been recent focus on the general insurance market with the FCA demanding changes to the renewal process in order to encourage customers to shop around.  From next year increased disclosure will be required from insurers and intermediaries to [...]

4 months ago / No Comments

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