Articles

Member Area
May 20 – Putting remortgage to the sword

BY AMI

As part of the Mortgages Market Study, the FCA said that more needed to be done to help ‘less active’ consumers who remain on their mortgage reversion rate at the end of any initial term.  This was also highlighted in [...]

1 year ago / No Comments

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MAY

No

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Apr 20 – Keeping your customers safe

BY AMI

It’s hard to believe that it’s been less than two weeks since the UK went into lockdown and Zoom, Microsoft Teams, WhatsApp and Skype became our preferred way to communicate.  In an industry that has always favoured face to face [...]

1 year ago / No Comments

14

APR

No

Comments

Apr 20 – Reserving judgement on FOS

BY AMI

AMI has waited patiently for an update on FOS’ 2020/21 consultation, which arrived via a statement on, of all days, April Fool’s day with the final budget and summary of consultation feedback to follow.  Yet it would be foolish to [...]

1 year ago / No Comments

14

APR

No

Comments

Apr 20 – Opening the floodgates for execution-only?

BY AMI

It was with an element of trepidation that I clicked on the link in an email at the end of January to read the long awaited and much discussed policy statement and final rules on mortgage advice and selling standards [...]

1 year ago / No Comments

14

APR

No

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Mar 20 – Building operational resilience: does it matter?

BY AMI

Operational resilience has become an area of priority for the FCA and was included in their 2019/20 Business Plan.  They issued a Consultation Paper on 5 December 2019 and within the mortgage intermediation sector it will apply to SM&CR enhanced [...]

1 year ago / No Comments

18

MAR

No

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Mar 20 – A little top heavy

BY AMI

As the FCA has grown its staff to almost 4,000 people it has also subtly changed shape.  In addition to the Chair and Chief Executive it has evolved a number of divisions within its structure:- Strategy & Competition; Supervision – [...]

1 year ago / No Comments

18

MAR

No

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Feb 20 – The dangerous devil in the detail

BY AMI

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 [...]

1 year ago / No Comments

24

FEB

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Feb 20 – The politics of investing

BY AMI

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 [...]

1 year ago / No Comments

24

FEB

No

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Jan 20 – Residential Renaissance

BY AMI

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 [...]

1 year ago / No Comments

15

JAN

No

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Jan 20 – Changes at the FOS

BY AMI

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 [...]

1 year ago / No Comments

15

JAN

No

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