View more on these topics

Correspondent&#39s week

Week three in my new job. The holy grail of financial journalism. As the newest reporter on Money Marketing, I am the brightest-eyed, bushiest-tailed individual on the newsdesk. Yet, already, the shiny veneer of my new job is beginning to crack. It all started on my second day……

“Beccy, today you will be going to your first press conference,” said my esteemed editor. Excellent, I had planned this moment weeks in advance. I would sashay into the room, cool, calm and confident, and wow the assembled crowd with a beautifully crafted, incisive and devastating question.

All those years slogging it out at the London School of Economics, a spell in the City, then my hard won place in Britain&#39s top (!?) journalism school would come to a dramatic climax.

“The only problem,” the editor added, “is the tube strike. But it&#39s okay, I have got a bike you can borrow. Be careful, though, it&#39s got a dodgy pedal.”

Not one to be put off by such trivial matters as being roundly humiliated on my second day at work, I battled through the rest of the week head held high.

By Saturday night, I knew I was in grave danger. After being taken for a charming night out at some of London&#39s most exclusive watering holes, I found myself tucked up in bed dreaming of Kevin Lomax standing on the poop deck of the Marie Rose floating down the River Misys. Scary.

It was a relief to get back

to the Good Ship MM on Monday morning and have a legitimate excuse to think in acronyms. But now, things hit rock bottom (or so I thought). Having developed the most grotty cold imaginable, I became the newsdesk leper.

As well as not understanding any of the in-jokes (what the hell is it with the monkey noises, anyway?) no one would come within a six-foot radius of me. At least I had my first foray into the wonderful world of Claridges to look forward to the following Monday. Which brings me to today……

New week, new start. Today, I pledged to redeem myself and rediscover my dignity. I should have known better. For a start, the previous night I dreamt that Sandler was my dad. I am used to that kind of thing now, although it still catches my nearest and dearest off guard.

Anyway, as I chuckled about my dream, I hopped on the train and was pleasantly surprised to get a seat. What a great start to the day, I thought to myself, until I realised that I had been so preoccupied by my new-found paternal links to the industry that I had got on entirely the wrong train and was hurt-

ling towards the unexplored depths of South London.

Fear not, dear reader, I made it to the office without incurring the wrath of our “harsh but fair” news editor and even managed to read the papers in the style of a cosmopolitan professional woman. Success at last. Just had to busy myself for a couple of hours, then stroll in a similarly cosmopolitan style over to Claridges for a light luncheon.

Enter harsh but fair news editor, stage left. “Right then, Beccy, you&#39ve got a meeting at London Wall in half an hour and before you go I want you to file five squillion words on very hard maths.” Slight exaggeration but not much. Gulp.

Thirty-one degrees in the shade, 20 minutes late for press conference, 30 minutes late for lunch. Collapse back at desk at 3pm.

“Ah, you&#39re back,” says the (not quite so esteemed any more) editor. “I need 600 words about your first couple of weeks – half an hour ago.”

Looks like I will have to suspend the cool, collected professional stuff for my next job. Still, the editor bought me a pint on Friday. I quite like it here.


FSA to review overlap between CP121 and mortgage regulation

In its response to mortgage regulation consultation the Treasury has said the FSA will consider the links between the CP121 polarisation review and mortgage regulation.Although there was no mention of polarisation in its consultation document because it concerns the investment market, it says in light of feedback it now recognises the same market failures could […]

Treasury publishes loan regulations

The Treasury will publish its long awaited mortgage regulations this week leaving the FSA open to consult on how it implements them. The FSA has confirmed it will issue its consultation on the future of mortgage regulation next week, “assuming the Treasury regulations are actually published this week.” The regulations will be final without further […]

Sandler report prompts sale of

Online pension information site has been put up for sale as its owner believes the Sandler report&#39s proposal for a suite of stakeholder products enhances its value.Corporate finance company Optimise Holdings has been appointed to sell The Stakeholder Group, parent of managing director Chris Dixon says a wider usage of the word “stakeholder” […]

Future discounts loan range

Sub-prime lender Future Mortgages is discounting all its loans by 1.25 per cent until the end of December. The discount, which applies to all Future&#39s self-certification, buy-to-let and right-to-buy mortgages, will allow borrowers to secure rates from 5.45 per cent up to 90 per cent loan to value. Minimum mortgage size is £25,001.


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