View more on these topics

Merger challenge

Any merger of the LIA and Sofa was going to face opposition but it feels as if a bandwagon is beginning to roll against a change.

The criticisms are diverse and the convictions deeply felt. Every few days,we get an email or letter from either a long-standing LIA or Sofa member as to why the merger should not go ahead, be delayed or go out to further consultation with the membership.

There have also been messages of support and perhaps the no camp is simply a noisier minority drowning out the yes camp majority.But anecdotally at least, it feels as if the boards of the two organisations are going to have to seize back the initiative if they are to get the yes vote they seek.


Providers snub FSA offer of levy summit

Product providers have rebuffed two FSA offers to hold negotiations on the Financial Services Compensation Scheme levy crisis hitting IFA firms. FSA managing director David Kenmir sent a goodwill gesture to product providers, saying the regulator was willing to meet and discuss the levy dilemma faced by IFAs. But the FSA says there has been […]

Cable says Govt to blame for borrowers saddled with debt

Liberal Democrat Treasury spokesman Vincent Cable is calling for the Government to push for more responsible lending from providers to prevent borrowers being saddled with unsustainable debts. Cable told the LibDem conference in Bournemouth this week that he blames the Government for failing to prevent lenders offering big mortgages to borrowers who may not have […]

Norwich & Peterborough – 10 Year Fixed Rate

Type: Fixed rate mortgage Fixed term: 10 years Fixed rate: 5.57% Minimum loan: £1,000 Maximum loan: Up to 90% of valuation subject to a maximum of £250,000, up to 85% of valuation subject to no maximum Income multiples: Up to 4.5 times principal income plus second or 3.4 times joint Arrangement fee: £399 Redemption fee: […]

Out of context

•”Hi. I&#39m a confused IFA. Is there any other kind?” – IFA Michael Jacobson phones MM. •”Please give me a call if you have any questions regarding the press release or would like an excellent recipe for beef stroganoff.” – Richard Hurst of Trigold. •”I was out until 3am last night. Yes, for an old […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment