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Sub-prime probe exposes 200

The FSA has ordered more than 200 sub-prime mortgage brokers to withdraw or amend misleading ads and some of these firms have been referred to the enforcement division for further investigation as many customers were found to have been given a sub-prime deal where there was no evidence of impaired credit.

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FSA hits out at sub-prime advertising

The Financial Services Authority has ordered more than 200 sub-prime mortgage brokers to withdraw or amend misleading advertising. The regulator says that brokers who issue poor advertising and promotional materials were also found to have inadequate systems and controls to manage their businesses.The FSA visited the worst offenders in October and November 2006 and found […]

A good reception for Ken’s new role

To mark the announcement that SimplyBiz chairman Ken Davy has been honoured as an ambassador for Huddersfield, the Diary presents an artist’s impression of his first ambassadorial role.Monsieur, with these financial services compliance training and support tools, you are really spoiling us…

Property funds are still leading

Specialist was the most popular fund sector in October for the ninth consecutive month. Property accounted for £379m of the sector’s £519m net inflows.

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