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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 [...]

4 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 [...]

4 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 [...]

5 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 [...]

5 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 [...]

5 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 [...]

6 months ago / No Comments

17

NOV

No

Comments

Nov 20 – Certification rears its head and shouts out

BY AMI

As part of the same letter to the mortgage intermediary portfolio, the FCA has reminded all directly authorised firms that they have until 31 March 2021 to ensure all staff in certified roles are fit and proper to perform those [...]

6 months ago / No Comments

17

NOV

No

Comments

Oct 20 – Starting the wrong race

BY AMI

The FCA recently issued a call for input to look at where the consumer investment advice market is not working well and to seek views on what changes can be made to improve the protections and outcomes. On the face [...]

6 months ago / No Comments

3

NOV

No

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Oct 20 – Anything you can do?

BY AMI

Early in October I spent an hour creating a podcast with the UK Mortgage Prisoners Action Group.  What this brought home to me was the sheer variety of mortgages caught; the different circumstances of the consumers; and the complexity of [...]

7 months ago / No Comments

20

OCT

No

Comments

Oct 20 – Pushing water uphill

BY AMI

The last 7 months have been turbulent, with more challenging times to come.  This is uncharted territory as there are no experts in governments at attempting mass population control in a pandemic.  We see money being thrown at problems in [...]

7 months ago / No Comments

20

OCT

No

Comments