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FSA release final mortgage regulation rules

The FSA is allowing mortgage intermediaries to use the same Key Features Documents as investment companies it has disclosed today.

In a policy statement disclosing the final rules for mortgage and general insurance regulation the FSA has said it will allow firms to provide a KFD that complies with its investment business rules rather than a policy summary.

Additionally, the regulator says it has revised its tacit renewals rules so that firms are allowed to renew contracts without the prior request of the retail customer if they have the right to do so.

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Loan IFAs can use investment key features

Mortgage intermediaries will be allowed to use the same key features documents as those regulated for investment business, according to an FSA policy statement outlining the final rules for mortgage and general insurance regulation.Firms will be permitted to provide a key features document that complies with their investment business rules rather than a policy summary, […]

Advisers say Isa season will be a washout

Most IFAs believe this year&#39s Isa season will be a total washout, with more than two-thirds expecting the traditional pre-April sales surge to vanish over the coming years.Sixty-five per cent of respondents in a survey of 800 users of The Exchange believe there will not be a “noticeable” Isa season this year, dashing fund managers&#39 […]

Means of life

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Five reasons for optimism in India

By Kunal Desai, Head of Indian Equities at Neptune Investment Management Following the MSCI India Index’s 26.4 per cent return in 2014, stemming from a 7.3 per cent rise in GDP, investors have recently become increasingly concerned about India’s future growth potential. What has happened to India’s reform agenda and are there any signs of […]

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