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FSA expects flood of applications

The FSA is anticipating a surge in applications for mortgage and general insurance regulation ahead of its 30 April deadline

With little more than a week to go, FSA is expecting another peak in application levels. Applications have to be submitted at this time for a firm to be certain the FSA can process it by 31 October — M-Day.

The FSA says firms in both mortgage and general insurance sectors are actively identifying their choices such as seeking authorisation or to become an Appointed Representative.

An FSA Spokesman says: “We are encouraged by this level of engagement by the industry and we expect to issue the first set of decisions to applicants in the form of “minded to authorise letters” at the end of next week.”


Now Goldman Sachs gives warning of property crash

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The Building Societies&#39 Association says it intends to fight Treasury proposals to force societies and banks to hand over unclaimed assets to charities. The BSA says it has a found a clause in the legislation which exempts societies from the measures included in the Chancellor&#39s last Budget. The Treasury gave banks and societies until November […]

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Tilney investment tailored to measure

TILNEY INVESTMENT MANAGEMENT Opal Tailored Solutions Type: Capital-guaranteed fund of hedge funds Aim: Income or growth linked to the performance of the Opal Optimum Master Fund Minimum-maximum investment: £10,000-no maximum, Isa £5,000 Term: Five years and one month Guarantee: Secure income and secure growth options &#45 Original capital returned in full regardless of performance of […]

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December has left me destitute. My piggy bank lies broken and empty, my lunchtime meal deal feels like an extravagant expense and I’m down to the Bountys in my box of Celebrations. But I won’t mourn my dearly departed pennies. Between buying gifts for loved ones (then deciding to keep them for myself) to treating […]


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