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Mortgage Express&#39 KFIs may be temporarily unavailable on Nov 1.

Mortgage Express has written to brokers warning them that their KFIs may be temporarily unavailable on November 1 when M-Day kicks in.

Mortgage Express hopes this will not be the case but wrote to the brokers as a precaution.

Mortgage Express media relations officer Daniela Conte says: “We have had double the pressure as we have also been introducing a new processing system.”

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Survey picks premier league providers after depolarisation

Standard Life&#39s position in the premier league of product providers after depolarisation has been called into question by a Datamonitor survey. Datamonitor analyst Annabel Gorringe, the author of the UK IFAs 2004 – Post-depolarisation Strategies report, puts Norwich Union and Prudential in the premier league and says Friends Provident and Legal & General are likely […]

Chilton warns on outsourcing

Contracting out regulated activities such as compliance services will cause unnecessary confusion for brokers after M-day, warns Purely Mortgages chief executive Mark Chilton. He says brokers which farm out compliance will be sending mixed messages to consumers. Under the new regulatory regime, brokers will have to disclose which company they are an authorised representative for. […]

Wilson pledges market balance

FSA director of high-street firms Sarah Wilson says the regulator will do all it can to maintain an innovative marketplace for mortgages after M-Day. Wilson told Money Marketing that the new regime – which takes effect from November 1 – would endeavour to balance the need for consumer protection with the maintenance of a wide […]

China’s economic bounce may already be over

By Mike Riddell (17 May 2016) Most people would explain the rally in global risky assets since mid-February as being primarily down to the spectacular volte-face from the Federal Reserve, where Janet Yellen (and others) dramatically toned down their narrative that the Fed would be hiking rates as many as four times in 2016. This explanation […]

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