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Chilton questions future for Charcol

Purely Mortgages chief executive Mark Chilton believes the current market is a difficult one for a newly independent Charcol to make a success of.

Chilton says: “The jury is out on whether Charcol will be able to repeat its trick a third time. The market now is very difficult to the ones it has faced previously – it is very competitive.”

He says if Charcol is planning to go back to what it did best it will now find itself competing with very strong brands such as Savills and Chase de Vere.

But Chilton is delighted that the sale of Charcol has been resolved, saying: “Everyone is pleased the process which has dragged on is now over. It must be particularly pleasing for the people working there.”


Depolarisation may force some advisers out of market – FSA

The FSA says depolarisation may force some advisers out of the market.It says to the extent that the menu exerts some downward pressure on commissions, it is possible that some advisers will exit the market.But it doubts depolarisation will be a significant driver of market exits, saying that any advisers that do exit are likely […]

FSA to investigate impact of regulation on smaller firms

Today’s publication of the N2+2 review saw the FSA acknowledge the impact the cost of regulation can have on smaller firms.The FSA says it is developing a project to investigate this, in partnership with the Financial Services Practitioner Panel.FSA chairman Callum McCarthy says: “”A key question for us is: what can we do to reduce […]


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