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Confusion over declaration of fees on KFIs says Paradigm

Paradigm Consulting consultatnt Chris Fleetwood says there is some confusion over the declaration of commission on KFIs.

He says, packagers with a branded-lending arm will have to show the whole fee on the KFIs. But pure packagers, which are not regulated wont have to show the fee.

Fleetwood says: “This potentially could be very confusing.”


Park Row says lenders should have been more open

Park Row managing director of mortgages Kevin Paterson says lenders should have been more open with their information in the lead up to M-Day. Paterson says sourcing systems are suffering because of the attitude of lenders. Paterson says: “The whole industry should be more open as standard.” Paterson also says Park Row will not be […]

Julian Gibbs

Cautious investors, trustees and the elderly are always looking for cautiously managed funds which show good returns. In my opinion, the best of these is the Ruffer income fund managed by Henry Maxey (AAA-rated by Citywire) and John Wong, with the help of Jonathan Ruffer and Steve Russell. Ruffer has over £1bn funds under management […]

Tax changes hit Isas with first net outflow

Isa sales slumped in Sept-ember to show a net outflow for the first time since their introduction in 1999, according to IMA figures. A net Isa outflow of £23.5m followed the lowest recorded inflow of £25m in August. Isas saw a net inflow of £259.5m in September last year. Gross sales fell from £442m in […]

First National and igroup launch online KFIs

igroup and First National have launched their online Key Facts Illustrations for intermediaries. GE Consumer Finance Home Lending chief commercial officer Sean Webb says: “We see this system as not only a necessity for FSA compliance, but also for the increased speed and efficiency of our brokers&#39 business. We are dedicated to intermediary relationships and […]


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