Money Marketing
View more on these topics

FSA bans mortgage broker

The FSA has revoked the permission of a Kent mortgage broker after he failed to pay out an FOS award against him.

By

The regulator has banned George Loscombe, trading as Simple Mortgage Solutions in Sheerness, after he failed to appeal against a decision notice in April.

The FSA says Loscombe, a directly authorised broker, failed to pay out after the ombudsman ruled against him in March 2007.

The FSA informed Loscombe: “This failure, which is significant in the context of your suitability, leads the FSA to conclude that you are not conducting your business soundly and prudently, and in compliance with proper standards, that you are not a fit and proper person.”

Recommended

EC wants council to assess financial risk

The European Commission is calling for the creation of a new European Systemic Risk Council and European System of Financial Supervisors as part of its reforms to financial supervision in the EU.The EC says a European Systemic Risk Council should monitor and assess risks to the stability of the financial system as a whole. The […]

The changing world of professional connections

The Legal Services Act of 2007, which opened up the legal market to competition, has put the cat among the professional pigeons. In the words of a 2015 Law Society report on what the legal profession is likely to look like in five years’ time: “Business as usual is not an option for many, if […]

Most Read

  • Top trends

Newsletter

News and expert analysis straight to your inbox

Sign up

Latest from Money Marketing

Adviser trade body calls on govt to save pension dashboard

Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]

Is a fund better off with a sole manager or a team?

The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com