Lenders are unsure of what they will be asked to do to comply with electronic reporting requirements according to Focus Solutions. Focus' s latest survey shows that 88 per cent of lenders feel their organisations are ready for mortgage regulation but when it came to mandatory electronic reporting 58 per cent of the respondents thought the biggest obstacle for being ready for MER would be not having the correct computer systems in place.
Kreis Consulting is promoting the Atlantic Media Production EIS, an enterprise investment scheme that invests in the production and distribution of films and television programmes. The company intends to raise up to £5m and will take a portfolio approach to investments. It will typically invest in 15 per cent of the overall budget of each […]
Abbey for Intermediaries has introduced a fast track process for low risk customers borrowing less than 60 per cent LTV and less than £500,000. The deal applies to both employed and self-employed borrowers and is part of a new flexible lending policy based on affordability. Abbey says the changes have been made in line with […]
Type: Unit-linked fund Aim: Income by investing in Legal & General's Fixed Interest Trust and High Income Trust Minimum investment: Lump sum £5,000 via Legal & General's Investment Bond Investment split: 70% Fixed Interest Trust, 30% High Income Fund Charges:Investment Bond establishment fee 0.5% a year for first five years, initial charge 1.25%-2.5% for investors […]
Networks will have to work together to put their case to Customs and Excise on VAT or face being targeted individually, warns a leading tax expert. Financial Services Planning Consultancy consultant Graham Miller believes it will be crucial for the IFA industry to show a united front to Customs through trade bodies so a definitive […]
Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]