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Depolarisation starts December 1st – FSA

Depolarisation will start on December 1st this year with a six month transitional period, says the FSA.

The regulator will be publishing final rules on depolarisation on December 1st, the date when the regime is also scheduled to begin.

Firms will have six months – until June 1st – to implement depolarisation.

Money Marketing revealed earlier this month that depolarisation is likely to take place in December, a month earlier than the market has been expecting.

FSA press officer Ruth Excell says: “Depolarisation is expected to start on December 1st, all things being equal. There are a lot of hurdles to jump before then but this is the date we have chosen.”


Warning over non-regulated status of BTL

Property investors should be aware that the safeguards in the mortgage market from FSA regulation will not apply to buy-to-let or commercial mortgages, says Mortgages for Business. The investment property broker points out that buy-to-let and commercial mortgages will remain non-regulated after M-Day on October 31 unless 40 per cent of the property, including the […]

Fidelity Investments – Fidelity Funds China Focus Fund

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In Pru Health

PRUDENTIAL PruHealth Type: Individual and group private medical insurance Minimum-maximum ages: 18-70 Minimum group size: Two Minimum premium: No minimum Maximum benefits: No overall maximum but limits will apply to some benefits Cover provided: Comprehensive plan &#45 unlimited inpatient benefits except psychiatric treatment up to 45 days a year, outpatient benefit &#45 unlimited benefits except […]

Introducers to face VAT threat over referrals

Mortgage introducers who get a fee for referring clients on to an intermediary or network could face VAT bills. The position has been clarified for appointed representatives who will not pay VAT if they are working within a recognised network structure but it looks likely that mortgage introducers will be liable for VAT. Lead-generation agencies […]

It’s too soon to write Apple off

By Ali Unwin, Chief Technology Officer & Fund Manager at Neptune Earnings season is noisy in the technology sector and a good quarter does not make a good investment. Numbers that come in marginally ahead or behind ‘market expectations’ are extrapolated to produce narratives showing the rise or fall of companies. Our job as technology […]


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