View more on these topics

CML and BSA slam LibDem repo plans

The Council of Mortgage Lenders and the Building Societies Association have attacked Liberal Democrat plans for compulsory financial advice when repossession claims are issued.

LibDem leader Nick Clegg recently called for compulsory advice on repossession claims to ensure “repossession is a last resort”. He said advice should be independent but did not clarify the source of such advice.

The CML and BSA say lenders and societies already encourage customers to take advice numerous times before a repossession claim is issued but customers rarely engage with them.

CML head of member and external relations Sue Anderson says: “People strugglingto pay their mortgage are free to seek advice and many lend-ers offer independent advice but customers often avoid engagement. I support the concept but I am not sure if it would add much in practice.”

BSA PR and policy manager Neil Johnson says: “Individuals are already contacted as soon as there is a problem to look at ways of dealing with the situation. This proposal may even delay people contacting their lender.”


Money Marketing at helm in regatta

Money Marketing publisher Centaur is launching a financial services regatta to be held in the Solent in August, with industry teams competing to win the prestigious Financial Challenge Cup.

Why CAR will stall

The reason is that if the adviser operates on a commission basis, there is no remuneration to agree upon unless the customer purchases a commission-paying product through the adviser. Thus, the process just becomes commission by another name with the amount being decided between adviser and client as opposed to product provider and adviser. Customer-agreed […]

Product matters

Jupiter is a pedigree brand in the investment fund marketplace so itsIndia fund launch hasto be considered.Funds investing in the Indian stockmarket are few and those that do existhave short track records.The Jupiter manager – Avinash Vazirani – is nota known name.The assumptions behind the fund seem sound – India’s economy is maturing, the middle […]

Special delivery

Last month, I had the honour of being invited back to Singapore to deliver a speech to the Financial Planners Association Congress. While there, I was invited by Prudential Singapore to educate its advisers about a new product, a unit-linked whole-of-life plan, and how advisers could sell more of it.

The curious market reaction to Brexit

Written by Mike Riddell29 June 2016 Headlines over the past few days have screamed about record falls in sterling, record low bond yields and massive falls in equity prices. However, if you take a slightly longer view of markets rather than simply the one- or two-day reaction, I think it’s amazing how little markets have […]


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