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MCCB surplus to fund FSA fee cut for brokers

The surplus funds from the Mortgage Code Compliance Board are to pay for a reduction in FSA fees and to fund the training of brokers.

Around half a million will be passed to the FSA to fund a reduction in brokers’ FSA fees in the next fee cycle.

Money will also go to the Chartered Insurance Institute and the Chartered Institute of Bankers Scotland. The fate of the money has provoked a great deal of debate among mortgage brokers.


Daniel Godfrey

Daniel Godfrey has taken some hard knocks over the last seven years in what is arguably one of the hottest seats in UK financial services as director general of the Association of Investment Trust Companies.

Take time for testing

Why is there so much financial services advertising, direct mail and literature, digital and other communications that is missing the mark? A lot of this is produced by financial services specialist agencies but much of it looks the same. How effective is it? What messages are IFAs getting from product providers? How does the IFA […]

SWIP expands UK institutional and wholesale business

Scottish Widows Investment Partnership is expanding its business into UK institutional and wholesale market, offering its services to a broader international client base.To support this, SWIP has appointed Simon Wombwell as head of UK distribution, where he will take overall responsibility for UK sales and client management. He will work into Andy Frepp, director of […]


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