View more on these topics

&#39Sipp step towards buy-to-let regulation&#39

Charcol senior technical director Ray Boulger says the Government&#39s decision to allow buy-to-let mortgages to sit in a Sipp could be the first step towards the product being fully regulated.

Boulger told Money Marketing this week that he believes the FSA has made it clear it thinks BTL should be regulated and he thinks allowing BTL loans in a Sipp could be a “back-door way” of bringing them under FSA rule.

He says: “The situation will be very interesting if buy to let properties are put into a Sipp because Sipps are already regulated by the FSA. If you have a property in a Sipp and a mortgage on that property, then it will be interesting to know whether the FSA will consider its regulatory requirements will mean it has to look at the mortgage.”

Boulger also says if the FSA looks at a firm doing both regulated and non-regulated business it cannot ignore the non-regulated business as this could have impact elsewhere.

•Interview, p8


Four more for LIA board

The LIA has appointed four more members to its Board of Directors. Mark Ommanney, John Ellis, Andrew Clarke and Peter Williams have joined the Board as Director General, Public Affairs Director, Finance Director and Director respectively. The move takes the number of Board Members from eight to 12 and is designed to strengthen the LIA&#39s […]

Gender for change

The House of Lords’ EU sub-committee on social policy and consumer affairs has announced details of an inquiry on EU proposals prohibiting the use of gender criteria in determining prices for products such as car insurance, pensions and annuities. Individuals and organisations such as independent financial advisers are invited to submit written evidence to the […]

Elms urges advisers to recognise IFAP&#39s value

IFA Promotion chief executive David Elms is telling IFAs they should prepare to pay more for its services, saying it is time they started recognising the value that being registered with IFAP brings to their businesses. Elms also believes Aifa should be fully funded by its members. He says the only way Aifa can be […]

Standard&#39s Crombie to state the case for keeping commission

Standard Life says it intends to fight the industry&#39s corner on commission and prove it is in the best interests of the consumer in front of the Treasury select committee next week. Chief executive Sandy Crombie will appear before MPs alongside chief executives from rival insurers Aviva, Legal & General and Prudential as part of […]

Phone - thumbnail

Pension Wise — now taking calls…

Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.


News and expert analysis straight to your inbox

Sign up


    Leave a comment