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FSA launch new application pack for mortgage intermediaries

The FSA has released a new application pack for mortgage and general insurance businesses. It is tailored for small IFAs to make the application process easier for understand.

Small IFAs can use the pack if it is a small firm other than a sole trader who does not employ any approved persons and is only arranging and/or advising on packaged products alone or packaged products with mortgage products and/or general insurance products other than life policies and long-term care insurance contracts.


GMAC-RFC set to design sub-prime loans for Chelsea

Chelsea Building Society has chosen GMAC-RFC to help it extend its range of sub-prime mortgages.Chelsea was the first high-street lender to launch a range of non-conforming products under its own name in 1998.The society says it chose GMAC-RFC as its partner after considerable research of the sub-prime market, following a number of approaches from different […]

Bright Grey is set to expand in Edinburgh

Royal London&#39s protection arm Bright Grey is looking to expand in Edinburgh, after Scottish Provident announced it is closing its Edinburgh office and moving 900 jobs to Glasgow.Communications director Susan Sneddon says Bright Grey has recently taken on 17 new customer service staff and is looking to recruit another 20 to 30 to maintain its […]

Standard shock charges stun IFAs

Standard Life has stunned IFAs with new charges on all with-profits business which advisers say will force them to revisit thousands of client files and sound the death knell for with-profits.The new charges, ranging from 0.25 to 0.75 per cent, will hit all existing and future business on with-profits policies.Advisers say they could be forced […]

Credit Suisse Asset Management – UK property Unit Trust

Type:Exempt unit trust Aim: Income and growth by investing in UK commercial property Minimum investment: Lump sum £50,000 Investment split:100% commercial property Place of registration: Guernsey Charges:Annual 0.65% Commission: Initial up to 2% Tel: 020 7426 2626


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