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Brokers expect RDR to cover mortgages

Over 61 per cent of mortgage brokers expect the RDR to apply eventually to the mortgage intermediary market, according to research by Alliance & Leicester.

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Voice of hope

Summer may have been fairly miserable but there has been a golden ray of sunshine for every IFA firm since the FSA board met in July and approved proposals to reform the Financial Services Compensation Scheme. It is also good news for consumers who will benefit from a scheme, now given a new lease of life, which will offer some financial recompense when no one else can. The FSCS is a vital regulatory safety net which helps maintain consumer confidence in our industry.

Pair stole £1.6m from pensions in fraud aimed at fund surpluses

A former executive of a British-based engineering and transport group has been convicted in South Africa of defrauding the company’s pension fund.Rowland Bailey pleaded guilty to charges of fraud and money laundering when he appeared before the Johannesburg commercial crimes court last week and his wife, Shirley, admitted money laundering charges.The court was told that […]

David Harrison

The founder of True Potential postponed retirement plans to set up a company which aims to deliver an electronic platform which IFAs can use to run their whole business. Interview by Gregor Watt

Investec backing Unity relaunch

Unity Homeloans will continue to be funded by Investec when it relaunches its sub-prime product range. Unity chief executive Paul Thomas, who has been seconded from Investec as a replacement to former ceo Ian Nelson, says the firm is working on its next securitisation issue and new range of products.

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