View more on these topics

MCCB mortgage guide now in seven languages

The Mortgage Code Compliance Board is translating its mortgage guide into seven languages to help homebuyers unable to speak English as a first language to access information about their rights.

The move comes after a report published by the Office of Fair Trading stressed the importance of protecting potentially vulnerable consumers such as ethnic minorities.

The You and Your Mortgage guide gives the homebuyers details about minimum standards and their lender&#39s obligations as well as pointers on factors to consider when choosing a mortgage and information about who to contact if they are unhappy with their lender or intermediary.

After analysing population figures provided by the Office of National Statistics, the MCCB has produced the guide in Welsh, Urdu, Hindi, Bengali, Gujurati, Punjabi and Cantonese.

The 150 lenders and 13,000 intermediaries registered with the board must give all customers a copy of the leaflet at the beginning of the sales process.

Chief executive Luke March says: “Ensuring all homebuyers are aware of their rights under the mortgage code is a top priority for the MCCB. Translating the You and Your Mortgage leaflet into non-English languages is a huge step towards this.”


Sweet Charity

Welcome to my first column as I take over from my old friend Brian Lawless. Brian will certainly be a hard act to follow but I would like to start with a topic frequently raised by financial advisers – suitable investments for charities.Most charities are constituted as trusts. The last few years have certainly been […]

Inside Edge: Steve Bee

Simplifying pensions is turning into something of a nightmare. I suppose it was bound to, really, what with a proliferation of reviews all taking place at the same time and all aimed at “fixing” different bits of the problem – a bit like three or four different people working on the same Rubik&#39s cube at […]

Second issue of National Savings equity bond

National Savings and Investments is offering a second issue of its guaranteed equity bond following the success of the first issue in March.The five-year bond allows investors to gain from growth in the FTSE 100 index while offering 100 per cent capital security on investments of between £2,000 and £1m – or £2m for joint […]

Norwich Union slashes with-profits payouts

Norwich Union is to slash payouts for with-profits by 5 per cent because of current market conditions. It will also cut reversionary bonuses by 0.5 per cent. The cuts will take effect from August 1. It says the stockmarket decreases of 25 per cent this year have seen the returns on its with-profits funds fall […]


Guide: how to change your auto-enrolment support

As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm