The FSA says it has no intention of making product providers regulate intermediaries through the back door via treating customers fairly.In a letter to the Council of Mortgage Lenders, FSA managing director of retail markets Clive Briault says the FSA does not wants to redefine the roles and responsibilities of lenders and intermediaries. Accord Mortgages managing director Linda Will feared that lenders were being given more responsibility to monitor advice and claimed this could force lenders to look towards direct channels. Briault says: “Our TCF work has not sought to change res-ponsibilities of producer and distributor firms. In essence, producers are responsible for ensuring a product is fit for purpose, and distributors are responsible for the quality of the information and the advice they give to customers.”
Back in 1994, having trawled the City for openings in investment management, I found myself having a pre-finals interview with Tim Cockerill at Whitechurch Securities. From the glamour of the Square Mile, with a degree in financial services from the aptly named University of WOE (West of England), I started work as an investment analyst […]
Legal & General has received the Shaw Trust accessibility accreditation.
British workers and senior managers at UK companies are calling for the compulsory inclusion of all employee benefits, including company pensions, within job adverts, according to a new study from Axa.
The Association of Finance Brokers has been formally established to represent secured-loan advisers. It will become part of Aifa and will be a sister trade body of the Association of Mortgage Intermediaries. The announcement comes two months after the AMI and the Corporation of Finance Brokers’ published their plans to form a joint organ- isation. […]
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The New Model Business Academy received just over half the Government funding for its apprenticeship programme it was hoping for, which has led to paraplanner and administrator apprenticeships being shelved. NMBA, which is part of the SimplyBiz Group, announced earlier today it is opening applications for its apprenticeship programme this week. In December, it received […]
Platform Alliance Trust Savings must compensate a client after he was unable to make several investments because the online service was down. The client, Mr W, had around £2m in his Sipp fund with ATS. In late June 2016, his advisers tried to make a number of investments into specific funds, however, these did not […]
Last year, Money Marketing took a deep dive into how advisers are remunerated with an extensive reader survey. This year, we’re going even bigger and better, teaming up with recruitment consultancy BWD to bring you the definitive picture on pay. With your help, we hope to decode how qualifications, employment status, geography, gender, job title and other […]