View more on these topics

FSA refers seven mortgage advisers for enforcement

Seven small mortgage advisors have been referred to enforcement and a further 23 are required to review customer files following the FSA’s second Quality of Advice review.

The regulator looked at 250 mortgage advice firms to identify where improvements have been made following the initial project last year, which found weaknesses in key areas of firms’ advice processes.

The FSA says the overall findings were disappointing and is telling firms they must “significantly improve methods of establishing affordability, including gathering better evidence to support their reasons for advice and doing more to take customers’ existing outgoings into account”.


Absolute return move by Gartmore

Gartmore is merging its UK high alpha and global high alpha funds to form the multi-manager absolute return fund.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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