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
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
A majority of independent financial advisers think there should be a single rate of tax relief according to this week’s Money Marketing poll. More than 120 advisers took part in the poll with 77 in favour of a single rate of tax relief, 39 against and six undecided. Yellowtail Financial planning managing director Dennis Hall […]
The FCA has issued a warning over ‘commoditised’ defined benefit pension transfers running the risk of unsuitable advice. In a letter sent to advisers holding pension transfer permissions, the regulator reminds planners that a “key area” of its focus is on pension transfers, and that it will later this year be contacting all firms to […]
Problems look set to arise for pension schemes operating relief at source