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Nov 17 – The Compensation Contract

BY AMI

It is not often that I am heard to commit a “well done” to the FCA. However now is such a time based on their decision to re-consult on a new approach to funding the Financial Services Compensation Scheme. Rather [...]

1 year ago / No Comments

23

NOV

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Nov 17 – Data

BY AMI

With the deadline for the General Data Protection Regulation now just six months away, we still have the ICO finalising guidance whilst the Data Protection Bill is still making its way through Parliament. Not to mention the new Privacy Regulation [...]

1 year ago / No Comments

23

NOV

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Oct 17 – Later Life – in need of a chat

BY AMI

As the population benefits from living longer, the financial services sector needs to think about how it will adapt to meet their needs. As a population group that is going to need help and advice this should be the natural domain [...]

1 year ago / No Comments

30

OCT

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Oct 17 – Planning ahead

BY AMI

As we move to the point in the year where business written has more impact on the numbers for 2018, firms and brokers should be beginning their planning for a changing world. The government commitment to Brexit at any price, even [...]

1 year ago / No Comments

30

OCT

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Oct 17 – A proper consultation process

BY AMI

We’re currently going through yet another period of regulatory and legislative changes – the extension of the Senior Managers and Certification Regime (SM&CR), General Data Protection Regulation (GDPR) and the Insurance Distribution Directive (IDD) to name but a few. Notwithstanding [...]

1 year ago / No Comments

30

OCT

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Sept 17 – Challenging Times

BY AMI

In this first AMI Mortgage Strategy column, I want to look at the key issues facing the modern broker in the post financial crisis but pre-Brexit world. Our market still faces huge uncertainty given the prolonged period of low interest [...]

1 year ago / No Comments

25

SEP

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Sept 17 – Half the answers

BY AMI

Parliament amended FSMA in May 2016 to extend the Senior Managers and Certification Regime to all authorised firms. This emanated from the work previously done by the Parliamentary Commission on Banking Standards, which reported in June 2013, leading to a [...]

1 year ago / No Comments

25

SEP

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Sept 17 – 50 years without a better robot

BY AMI

Much is being made of the march of technology predicted to make redundant the traditional mortgage broker. Apparently we are soon to see the application of Artificial Intelligence, robo-advice models, enhanced sourcing, propensity modelling and direct to lender application and [...]

1 year ago / No Comments

19

SEP

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Sept 17 – Ageing population

BY AMI

With the FCA’s report on their ageing population work due this autumn and the ongoing collaboration across the industry on later life lending, it is clear that education and communication is key. Older consumers are seldom aware of their options [...]

1 year ago / No Comments

19

SEP

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August 17 – Nailed down

BY AMI

After great deliberation, the FCA is now consulting on “Individual Accountability: Extending the Senior Managers and Certification Regime to all firms”.  This new regime will replace the existing Approved Persons regime and moves us from the reality of consumer detriment [...]

1 year ago / No Comments

16

AUG

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