View more on these topics

CII targeting loan advisers

The Chartered Insurance Institute plans to add mortgages to its list of expertise after revealing a £1m investment in the sector.

The CII plans to provide training for up to 6,500 mortgage advisers in both the direct and intermediary market in 2007 although it stre-sses that it is likely to target bigger organisations with a minimum of 50 advisers per company and which have the finances to pay the £250 fee, which is down from the usual £413.

That means smaller brokers which have been singled out by the FSA for failing to meet their regulatory duties are unlikely to be targeted by the CII although it stresses that those which are part of a network or club may have greater access.

The courses cover the CF1 UK financial services, regulation and ethics and the CF6 for mortgage advice.

The aim is for advisers to then build on their mortgage training if they want to move into other areas of financial services with further exams.

CII business development director for financial services Steve Jenkins says: “We are a big player in life and pensions but we want to build on that and move further into the mortgage sector. We want to make as big an impact in mortgages as we have done in life and pensions and take a more proactive role in driving up standards.”


Out of Context

“Cofunds is not a mammal, it is a raptor devouring the competition.”Cofunds public affairs supremo Dick Eats “He’s had plenty of invites but he’s still waiting on yours.”Bankhall’s Richard Howells about CEO Peter Mann holding out for a “better” offer to the Money Marketing awards “I’d love to come if you don’t have to fill […]

Nimble picking

Despite the odd nervous shudder running through the market, shares have held up well to suggest that no one really believed the Bank of England was about to raise rates again last week. And it didn’t.

Question of trust for TPR

Was John Ashcroft reading the same article regarding The Pensions Regulator? Yes, he is technically correct that all this is already within TPR’s remit but it is splitting hairs to argue the difference between “expanding its remit” and “expanding the use of powers it already has”. When talking about “dual regulation”, Ashcroft has also switched […]

Probe into retention proc fees

HBOS’s retention policy has been hit by a double-barrelled assault after the FSA confirmed it will probe the payment of proc fees while Nationwide slammed the scheme.The FSA will investigate whether brokers are correctly conducting the fact-find when they are paid a proc fee on retention business. It will form part of the retail distribution […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm