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How will they use our £34m?

Just had a thought – the FSA sent out over 3,800 invoices last month. Ours, for a relatively small IFA, was getting on for £9,000. That is over £34m,all in one hit. How will the FSA/FSCS/FOS deal with this until it is needed? Answers on a postcard please.

Malcolm Lindley

Tring, Hertfordshire


Skandia and Bell link up for Sipp with residential property

Skandia is teaming up with actuarial consultancy AJ Bell to launch a self-invested personal pension, first revealed in Money Marketing in July. The Skandia Sipp will offer a flexible charging structure and is scheduled to go on the market by the end of the year. In a bid to streamline administration, investors will get incentives […]

A vital asset

Last week, I believe I may have seen the future of financial planning and it seems to work very well. This week sees the release of the latest version of iTrak, a dedicated software package designed to enable advisers to identify a suitable asset allocation for clients and ensure that the underlying investments actually follow […]

Infinity Mortgages launches application processing system

Infinity Mortgages is offering a discount on its application fees by £50 for all mortgages submitted on-lines unsing the lenders&#39 new application processing system, Infinet. Infinet, which can be accessed from September 30 will allow intermediaries to produce accurate KFIs, source products, submit an on-line application and track cases and proc fees. Infinity chief executive […]

Networks with full authorisation from the FSA

The following networks have received their part IV, full authorisation from the FSA in readiness for mortgage and general insurance regulation: Arden CourtBDS Mortgage GroupBest Advice Mortgage NetworkBlue PearlComplete Mortgage and Loan ServicesCartelComplete Mortgage & Loan ServicesEthical Mortgage SolutionsFirst4BrokersFreedom FinanceGenesisH3 LtdJust Mortgage NetworkLegal & General MortgagesLifelink ServicesLifetime Insurance Mortgages ExpertsManor Mortgage NetworkMGM Home FinanceMortgage Broking […]


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