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Duffy to replace Clifford at Mortgageforce

Mortgageforce chief operating officer Kevin Duffy is set to replace Rob Clifford as managing director.

Clifford will step down as managing director on Wednesday, and Duffy, former managing director of Hamptons will replace him in the top spot.

Clifford has been head of the brokerage franchise, which is owned by West Bromwich since 2000.


Feverish regulation in a cold climate

With the FSA’s plans to make some firms hold three months of expenditure as capital adequacy and using an educated guess, may I suggest that the following groups will be unhappy.

Running on empty

In producing its retail distribution review proposals, the FSA has penned the longest suicide note in history. After all, a regulator is no longer a requirement when there is nobody left to regulate.


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