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Home truths

The Government has sensibly conceded regulation of home-reversion loans. The move had been resisted by the Treasury which argued there was little evidence of consumer detriment. But there was a clear moral hazard in regulating equity release but not home-reversion plans.

But there is still likely to be a regulatory gap because regulating home reversion requires legislation and Parliamentary time is unlikely to be found until after the election. It is regrettable a decision was not taken ear-lier but at least common sense has prevailed.


BSA elects Stroud and Swindon BS chief executive John Parker as new chairman

The Building Societies Association has named Stroud and Swindon Building Society chief executive John Parker as its new chairman, replacing Skipton Building Society chief executive John Goodfellow. Nationwide chief executive Philip Williamson has taken over as deputy chairman. Parker says: “I am honoured and delighted to become chairman of the Association. Having worked in the […]

PYV criticises FSA over capital cover

Professional indemnity insurance broker PYV says there is no science in the way the FSA assesses capital cover for firms that are granted waivers in lieu of compliant cover. Managing director Ian Boscoe says the amounts set by the regulator for capital cover in lieu of PI when waivers are given bear no relation to […]

Insurers&#39 duty is to protect clients, not themselves

Isn&#39t it ironic that in an industry which is as closely regulated as financial services, the concept of duty of care is so often blatantly lacking. As an IFA, I have almost now become used to seeing the business introducer and, more important, the client being left in the corner while the insurance company undertakes […]

Incredible bulk

The Financial Technology Research Centre has conducted a study into the ecommerce facilities available to group pension IFAs to see what their top priorities are. High on the list is the providers&#39 ability to share information on the pension scheme with the IFA, allowing the adviser to populate information back to their client management system […]

Keep calm and carry on?

We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]


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