View more on these topics

Mortgage Next receives MTA

Mortgage Next has received its minded to authorise letter from the FSA and says it is the final piece in its regulatory jigsaw as it prepares to become a network principal after October 31.

Mortgage Next marketing director Justine Tomlinson says: “We are delighted to receive our MTA letter at long last. This will give many brokers who have been holding back, the confidence to go ahead and submit an application for network membership. It is also a significant landmark for everyone at Mortgage Next who has worked so hard to prepare the company for M Day. We can now look forward to the future with confidence.”

Recommended

Silent treatment from Woolwich

Two years ago, I placed clients on a two-year discounted mortgage with the Woolwich. Our clients have had their letter stating that they are moving onto the variable rate and are keen to review their mortgage options. It is a good case with a low loan to value ratio and no arrears. Our clients signed […]

IFA calls on advisers to join captive PI scheme

IFA CFS Independent is setting up a captive professional indemnity insurance scheme and is looking for other IFAs to come on board. Managing director Andy Harwood envisages a Guernsey-based scheme with around 50 IFAs all paying an average premium of £15,000, giving a total pot of £750,000. If, as Harwood anticipates, cover of £1.5m is […]

NU wants FSA clarity on orphan assets

Norwich Union has called on the FSA to clarify its position on the procedure for reattribution as it considers sharing the £4.3bn orphan assets in its huge with-profits fund. NU UK life chief executive Gary Withers wants the FSA to spell out its vision of a fair procedure for reattribution, which he says would be […]

Provision priority

The Financial Ombudsman has concerns over reviewable premiums on critical-illness policies. What needs to be done to allay these concerns and what will be the effect on the market? McKie: Our plan offers five-yearly reviewable premiums where only the expectations of future morbidity experience can be reviewed. We appreciate the concerns that the FOS have […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com