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FSA simplifies and shortens returns

The FSA is simplifying and shortening its retail mediation activities return and its complaints return, reducing the volume of information required by 30 per cent and 80 per cent respectively.

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Bankhall

In an article last week, Money Marketing said that Bankhall was owned by Misys. It is not and we apologise for any confusion.

Fixed mortgage ERCs average over £6,000

Fixed mortgage get-out charges average over £6,000 according to research from MoneyExpert.com.The financial comparison website is warning that homeowners who are stuck on uncompetitive fixed-rate mortgages will have to fork out an average £6,370 to get out of their current deal.The recent rate rises have caused homeowners to surge towards fixed deals according to MoneyExpert.com […]

Fast food

Commodities and property have been in the news in recent days, perhaps as a consequence of investors looking for an asset class unlikely to be sullied by the sub-prime meltdown. Both these potential homes for what appears to be a never-ending tide of liquidity have not been without their problems, however.

Greater sales focus for Yousefi successor

Alliance & Leicester looks set to convert the role of its former head of intermediary mortgages Mehrdad Yousefi into a sales-facing position.The lender has yet to reveal who will replace Yousefi, having announced his departure after 18 years at A&L in March. He joins Merrill Lynch subsidiary Wave as director of distribution and sales on […]

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School fees planning

Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]

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