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
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
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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
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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
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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
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No
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