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Regulator checking mortgage disclosure

The FSA will conduct further work this year to ensure mortgage providers provide relevant disclosure documents and has warned them they could be accused of mis-selling if they fail to do so.

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‘Churning is killing profits for life offices’

Analyst Ned Cazalet says insurers spend too much money writing business which will promptly leave their books, meaning that they will make little or no profit. He says the ease in which intermediaries recycle poli- cies to earn more commiss- ion is destroying life office balance sheets. FSA data shows that almost half of all […]

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