Standard Life Bank is cutting the commission band structure for all mortgage business by 0.02 per cent across all bands. Mortgage trail commission will be removed from new business and trail for both business and personal savings will be phased out and replaced by a flat fee structure for business savings only. The changes are in response to regulation.
Compliant financial promotions for mortgages will look very different after regulation. This will affect not only advertisements in the press but also other media such as TV, radio, the internet, leaflets, etc. However, ads in publications with a long shelf-life, such as directories, will not have to comply with the new regulations immediately. If the […]
Enterprise Homeloans announces it has received formal authorisation from the FSA to be an arranger. Enterprise is a private company specialising in the marketing and packaging of non-conforming morgages for the Zurich Advice Network and the Zurich Mortgage Network. Enterprise chief executive Michael Clapper says: “In light of the sentients throughout the industry, it would […]
Last week, I summarised four main points for financial advi-sers emerging from the consultation on trust taxation reform: The proposed anti-avoidance provisions in respect of capital gains made by trustees of bare trusts for minors. The proposed common definition of a trust. The proposed definition of settlor-interested trusts and The proposed common trust residence definition. […]
The Personal Finance Society is developing its corporate identity and branding following the overwhelming yes vote to the merger between the LIA and Sofa. As well as a new logo, work has started on creating a membership register through the merging of the LIA and Sofa databases. The PFS aims to send out membership cards […]
Artemis Pan-European Absolute Return Fund manager Paul Casson discusses his outlook and explains how he has positioned the fund for 2017. Click here to watch the video
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Justin Modray says the RDR will make little difference in the way most advisers are paid.
M&G is merging its Global Leaders fund into the Global Themes fund in the wake of a review resulting from fund manager Aled Smith’s decision to step down. The proposed merger has been approved by the regulator but is still subject to approval from shareholders. The Global Themes fund will continue to be managed by […]
Face-to-face advice still holds a firm place in serving clients, despite an increasing demand for mobile and remote services in adviser practices. Research from consolidator Fairstone from November shows there has been a 10 per cent decrease in the use of face-to-face financial advisers over the past seven years. However, advisers speaking to Money Marketing […]