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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

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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

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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

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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 [...]

2 years ago / No Comments

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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 [...]

2 years 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 [...]

2 years 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 [...]

2 years 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 [...]

2 years ago / No Comments

16

AUG

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August 17 – Still paying for the bad apples

BY AMI

Contributions to the Financial Services Compensation Scheme continue to unfairly dwarf the other elements of firms’ regulatory bills. The invoices received last month reflect the predicted compensation costs for 2017/18. While these may be less than last year’s combined invoice [...]

2 years ago / No Comments

16

AUG

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July 17 – Where is our regulator?

BY AMI

The FCA has confirmed regulatory fees for the next year and firms will receive their invoices over the coming weeks. The 10% decrease in the FCA’s periodic fee for mortgage intermediaries is welcomed. However, this was due to the FCA [...]

2 years ago / No Comments

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JUL

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