View more on these topics

Poll shows attitudes to mortgage regulation

Only one in four mortgage intermediaries believes FSA regulation will help them grow their business by improving the image of the sector and creating new opportunities, says BM Solutions.

But the BM Solutions smart index survey of 200 brokers also reveals that 29 per cent are still concerned that regulation to be introduced in 2004 will be a drain on money and admin resources.

With under 100 days to go until the Mortgage Code Compliance Board&#39s deadline of the end of the year to achieve minimum qualifications, 28 per cent of brokers surveyed are in the process of sitting the exams.

Self-certification mortgages are the biggest specialist area among the sample of brokers, accounting for 19 per cent of mortgages introduced, an increase of 3 per cent.

Head of mortgages Michael Bolton says: “It is interesting to see the shift in attitudes towards regulation as more and more intermediaries take on board its full impact. It is encouraging to see that this reaction has been broadly positive.”

Recommended

Bristol & West launches new structured product

Bristol & West has introduced a new seven-year income & growth bond with guaranteed return of capital.The structured product offers monthly income of 5.84 gross for the term of the product. Part of the sum invested is placed in a seven year guaranteed equity bond which pays interest linked to 90 per cent of the […]

More firms offering paternity leave but staff prefer pensions

Paternity leave is the fastest growing perk in the UK but pensions remain the favourite employee benefit, according to research by Virgin Money.It says over 51 per cent of employers now offer paternity leave compared with just 24 per cent a year ago.But it warns employers looking to water down their pension provision that an […]

Threadneedle eyes up health stocks

THREADNEEDLE INVESTMENTS THREADNEEDLE GLOBAL HEALTHCARE FUND Type: Oeic Aim: Growth by investing in pharmaceutical companies, biotechnology, healthcare providers, medical supply companies and producers of advanced medical devices Minimum investment: Lump sum £2,000 Investment split: Pharmaceuticals 55.5%, healthcare 14%, biotechnology 9.5%, medical technology 7%, medical supplies 8.5%, cash 5.5% Isa link: Yes Pep transfers: Yes Charges: […]

Impaired sales rise by a third

Sales of impaired life and enhanced annuities grew by 30 per cent in the first half of this year and are set for further growth, putting greater pressure on conventional annuity rates, says consulting actuaries Watson Wyatt.The firm says enhanced annuity business reached £254m in the first half, representing a 9.3 per cent share of […]

India GDP surprise

By Kunal Desai, head of Indian Equities, Neptune Kunal Desai, manager of the Neptune India Fund, comments on the strength of India’s latest GDP figures. Click here for more Important Information Investment risks The Neptune India Fund may have a high volatility rating and past performance is not a guide to future performance. The value […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment