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Regulator bans mortgage director

The FSA has banned Mortgage and Finance Club director John Vincent Burton from carrying out any regulated activities. It says Burton personally certified clients’ identification documents without checking whether they were authentic, failed to identify at least 100 mortgage applications submitted with false supporting documents, failed to maintain a business register and did not keep training and competence records.

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Tech can halve processing time

Effective use of technology can make advisers much more efficient, says Distribution Technology. It says IP policy transaction times can be halved while for investment products the saving can be 32 per cent.

Adviser Fund Index

The rebalancing of the Aggressive Adviser Fund Index, which took place on November 1, provided a chance for the 18 AFI panellists to take some risk out of the benchmark. They reduced their exposure to Asia Pacific equities, choosing instead to invest in more defensive American stocks, and increased their weightings in cash, property and […]

Mass exodus as providers leave the PTA market

Royal Liver, Bright Grey, Scottish Widows and Bupa are the latest in a fast growing list of providers to temporarily pull out of the pension term assurance market following the U-turn in yesterday’s pre-Budget report. Standard Life announced it was to be the first provider to withdraw its PTA product following the Government’s confirmation that […]

Canada Life annual IHT survey results

75% of wealthy unaware of new residence nil rate band IHT allowance Just 4% were aware the new allowance will be up to £175,000 per individual Lack of awareness of IHT rules means families risk paying a bigger bill than they need 83% think the current inheritance tax rules are far too complex A remarkable […]

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