My argument was simply that the AFPC should be the absolute minimum standard to be attained to represent the PFS on its website.With this said, I need to correct Mr Barnett’s interpretation of the pomposity and portentousness of myself as an ex-Sofa member. He appears to place me in the classic stereotype of a privileged individual born with a silver spoon in my mouth. I am the son of two post-war immigrants, and was brought up on a council estate. Having failed my 11-plus I persevered through secondary modern and went on to a complete a degree at a traditional university. I completed my two chartered examinations and have nine one-twelfth credits at AFPC. During this period, despite an acrimonious divorce and crippling divorce settlement, I set up a non-indemnity-based brokerage which offers a traditional non-indemnity commission route and a fee menu. I have no problem communicating with clients across every social class, ethnic group and religion. Mr Barnett, as a Mensa member, should have no difficulty in surpassing my meagre achievements. Finally, I would ask all those that felt offended by my defence of both the PFS and John Ellis, what other profession would permit individuals to practise with two multi-guess papers and a three-hour copying exercise and award themselves designatory letters which are there only to misled the public ? I rest my case. Filip Slipaczek
Gmac-RFC is cutting the proportion of a mortgage that projected rents need to cover for a buy-to-let loan.
Anyone who heard my speech at the recent Building Societies Association annual conference in Harrogate or read about it in Money Marketing will be aware that I predicted that within 12 months there will be no mortgage networks.
Our panel of experts consider whether the FSA’s Treating Customers Fairly initiative should stay guidance or become regulation.
Mortgage brokers can now download a version of Intelligent Finance’s offset mortgage calculator to show cli- ents how offsetting can save money.
By Mark Martin, Head of UK Equities, Neptune Investment Management The start of 2016 has been one of the most tumultuous periods in recent years for UK markets, with the FTSE 100 Index briefly entering bear market territory in the middle of January. Fuelled by a collapse in the oil price and escalating concerns over […]
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Fighting over those in financial services, rather than garnering interest from outside it, is asking for trouble When you ask the owner of an advice firm what concerns them most, they respond with one of two answers: regulatory change and recruitment. For once, I am going to talk about the latter. Here are the main problems as […]
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