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FSA proposes three tiers of mortgage broker

The FSA has proposed three tiers of mortgage broker once regulation of the industry comes into being in 2004.

In CP146, The FSA&#39s Approach to Regulating Mortgage Sales, published this week, the regulator has proposed three levels of broker, execution only without advice, information with filtered questions and full-blown advice.

All three would require authorisation through the FSA, but the levels of compliance that need to be met vary depending on which option brokers opt for.


L&G Launchpad system boosts loans and protection

Legal & General is merging its mortgage and protection broker technology to unveil its new Launchpad service, allowing mortgage sourcing, protection quotations and applications to be completed in one process.It says the point-of-sale technology platform can cut up to an hour off the time spent on individual applications and intermediaries can get a decision in […]

LIA workshops focus on the business market

The LIA is holding a series of workshops called Working in the Business Market at the start of September.The workshops, which will be held in Rotherham, Teesside, Exeter, Newcastle and Belfast on September 2 and 3, form part of a programme of 400 technical workshops and regional meetings that the LIA offers to its members.The […]

Making Hay while the idea shines

Archimedes came up with his big idea while getting into the bath, Isaac Newton&#39s brainwave struck him under an apple tree and the blueprint for Abbey National&#39s Sipp administration service subsidiary James Hay was drawn up under a table.The Diary understands that back in 1995, James Hay managing director Jan Regnart worked out the company&#39s […]

New Sipp administrator for Scotland

A new specialist Sipp administration service has been set up in Glasgow to focus on Sipp administration across Scotland.The @sipp plc plan will be sold through IFAs and plans to offer online services by early 2003.The @sipp plc team is headed by joint vice-chairmen Tom Craig, who is also chairman of specialist management company Craig […]


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