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AMI issues checklists for firms in run-up to regulation

The Association of Mortgage Intermediaries is issuing checklists for mortgage intermediaries to use as they get ready for M-Day on October 31.

The checklists identify the steps that mortgage intermediaries should take to ensure they are ready for the onset of regulation.

They support additional information available from the AMI designed to address key areas such as handling compliant business, training and competency and dealing fairly with complaints.

The AMI is describing the checklists as a “second pair of eyes” for members as they finalise details before October 31.

AMI policy officer Ben Stafford says: “Most firms have been very well coordinated in the run-up to M-Day but there are some firms which will have a very big shock when they realise that FSA regulation is not a cosmetic change from the mortgage code.”


Brace yourself for nasty surprises

At least a debate has started about alter-natives to the Financial Services Compen-sation Scheme. The FSA appears to be willing to listen and is even making some suggestions. The LIA and Ken Davy are now backing a product levy, with Davy adding ruefully that he advocated the idea a decade ago before it was rejected. […]

Just Retirement joins the Exchange annuity service

IFA portal the Exchange has re-designed its annuity service and specialist enhanced annuities provider Just Retirement, has joined the service. The total number of providers available through the portal is now 16.

IFAs fear clash of cultures

IFAs are keen to see what a merged Sofa and LIA will mean for them but fear a clash of cultures between the two organisations. Pearson Jones director Nick Conyers says: “I want to see what the brave new world of the Personal Finance Society will mean for us. There is potential for a clash […]

Schroders joined by Sutton

Julian Sutton has joined Schroders&#39 multi-manager team as a senior fund manager from Credit Suisse Asset Management. His appointment comes just one month after the launch of Schroders&#39 multi-manager funds and brings the multi-manager team to six. Sutton will be responsible for analysing and monitoring investment funds, including Schroders&#39 S&P strategic balanced and S&P high […]


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