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Papers still keep on pouring out

Somewhere along the line, I thought we had been led to believe that there was to be a respite from all these flaky consultation papers. But they continue to roll out regardless. What&#39s more, I keep seeing these invitations to attend these costly dissertations at Canary Wharf on all manner of subjects.

We need a new paper on mortgage qualifications after October. The CII and IFS gravy trams are on a roll.

What have they got in store for the thousands of general brokers that have been placing business and commercial risks for many year?

Buck Lopez

Capital Financial Services IFA,

Bexhill-on-Sea, East Sussex


Moneynet stops dealing with six loan firms amid regulation fears

Moneynet has stopped dealing with six mortgage broker firms because it fears that they will not be able to continue trading once regulation starts. The firm, which provides information on financial products and introduces business to 15 mortgage firms, is concerned that if brokers are not regulated by the October 31 deadline, the business they […]


Foresight saga continues with launch of second VCT

The managers of the UK’ top-performing venture capital trust are looking to raise 35m with a second VCT. Foresight 2 VCT aims to provide investors with attractive returns from a portfolio of unquoted UK high-growth companies. Minimum investment is 2,000 and the closing date is April 5, 2005. VCTs have been given a boost this […]

Multi-ties fail technology test

IFA Park Row is making a stand against multi-ties, not in principle but in practice. The adviser says it cannot see any material benefit in going multi-tied at the moment. It does not rule it out in the long term but says IFAs should be wary for the next 18 months. Park Row&#39s criticism is […]

Accentuate the positive

I am not a pessimist, 30 years in this business and thousands of happy clients but I find it very hard to find any good news about the financial services industry. This is just a sample of what has been going on: •With-profits companies are not paying reversionary bonuses and are now withdrawing of terminal […]


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