View more on these topics

Purely Mortgages wants FSA to crack down on mortgage advertising

Purely Mortgages applauds the FSA crack down on illegal mortgage brokers but calls for a tougher stance on marketing.

Purely Mortgages chief executive Mark Chilton says too much of the FSA’s proposed crack down is reliant on whistleblowers to expose bad practice.

In its statement the FSA says that in identifying unauthorised brokers, it will focus on its database of registered brokers and leads from the industry and the public.

Chilton says: “If the FSA is committed to cracking down on unauthorised mortgage brokers their attention should be on advertising, specifically online adverts and the classifieds. Anecdotally we believe over 50 per cent of customers use the internet as a source of mortagage information but I’d say around 90 per cent of all online mortgage advertising is non-compliant. If the FSA clamped down they would rapidly uncover further unauthorised sales rather than waiting for us in the industry to complain.”


Pro bono process

The letter from Tony Conner, Joss Harwood and Owen Temple in Money Marketing (February 10) contains a number of misconceptions about the nature of the pilot scheme with Citizens’ Advice to offer the public pro bono generic advice.

Finding security in bond markets

Martin Foden, head of credit research at Royal London Asset Management, explores the role of secured bonds, considering the impact of default and the characteristics of secured bonds versus supranationals and highlighting some examples. He also examines the evolution of the credit market and rating agency inefficiencies. Read the article in full: The value of […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm