Mortgages Direct, the independent mortgage broker, has received its minded to approve letter from the FSA. Mortgages Direct director Peter Gladdy says: “We're very pleased to have received our MTA letter. It is a testament to the significant amount of time and money which Mortgages Direct has invested in compliance since the announcement of the pending FSA regulations.”
Berry Birch & Noble Financial Services which is in liquidation is one of 16 firms the Financial Services Compensation Scheme has declared in default.
House prices fell by 0.6 per cent in August according to the latest house price survey from HBOS. The sharp drop in mortgage approvals in July is consistent with house price inflation in the 10 per cent and 15 per cent area. The Halifax says although it expects house price inflation to slow, the property […]
“Yes, it certainly would be missed. Because of the amalgamation of all the other names into Abbey, it would be the end of an era.”Peter Wray, Polygon Financial “Yes. Some groups are getting far too big and are therefore taking away the diversity of the industry.”Bill Muncie, Acorn Financial Services (Central) “Yes. It has been […]
As you know, Money Marketing was robbed in the Skandia Cowes Week boating race, coming in last out of all the media teams. However, we have since learned from skipper and Skandia actuary Russell Farr-ington that he won the five following races in the same MM boat. Unfortunately for Russell, he was struck by lightning […]
According to Doug Rice, managing director of international services, in 2015, managing their international duty of care will become an increasing focus for UK-based overseas organisations in both managing their short- and longer-term challenges. As a result, strong independent advice and innovative technological solutions will become more important than ever in managing their global benefits.
- Top trends
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
FCA chief executive Andrew Bailey says he is concerned about the new Priips regulation. Speaking at the London Business School Annual Asset Management Conference yesterday Bailey said: “I want to be clear that I am concerned about Priips, and I know I am not alone.” He added: “It carries a risk that it is leading […]
The Personal Finance Society has launched a guide for advisers on social impact investing, in light of recommendations to government from an advisory group. The guide was put together by the PFS, with the support of the government’s independent advisory group on social impact investing and the Department for Digital, Media, Culture and Sport. The […]
The debate around how fund managers’ pay incentives should work has been reignited. Firms have started to introduce new cost structures in an attempt to improve transparency, as the FCA steps up its focus on how asset managers assess their value. The companies that have already introduced new fee models claim it will not change […]