View more on these topics

Cummings confident over fee instalments for loan firms

Association of Mortgage Intermediaries director Chris Cummings says he is confident that an announcement will be made “very soon” by the FSA on mortgage intermediaries pay- ing their regulatory fees by instalments.

The AMI is meeting with the FSA again this week to discuss the scheme.

Cummings says he is still in discussions with the FSA on a number of issues, including how the credit policy to pay instalments is to be applied, assurances of financial backing for the credit policy and an assurance that intermediaries who do not take up an instalment option will not not penalised.

He says an instalments scheme would help budgeting and ease cashflow for firms, especially smaller businesses.

Cummings says: “We expect an announcement very soon on this. The aim is to make sure that this gets out before this year’s invoices. We believe the announcement will be a good outcome for mortgage intermediaries.”


Back book to the future

Borrowers have been encouraged to move between mortgage deals but now lenders face the problem of encouraging them to stay. Mortgage Intelligence managing director Sally Laker looks at how lenders are approaching the challenge of client retention

Nic Cicutti

An editor whose professional opinions I have always respected once advised me that, when writing a column, one should never return to the same subject three times in a row.

Rates on hold for another month

The Bank of England’s Monetary Policy Committee has decided to leave rates on hold for another month.The current interest rate is 4.75 per cent.The Derbyshire head of intermediary support Tony Capon: “The logic behind leaving rates on hold is that the MPC is seeing continued evidence of a slowdown in both industrial and retail economic […]

All or nothing

Philip Scott looks at rise and fall of the giant UK All Companies sector.

To be and not to be – Multi asset investing with conviction

At Pictet Asset Management we believe active management of asset allocation is the most important generator of returns. What is not to be in our portfolio is just as important as what is to be because good performance is determined as much by the assets you avoid as by those you hold. The FP Pictet Multi Asset Portfolio managers are not wedded to any particular […]


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