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TMO receives its MTA letter

The Mortgage Operation received todays its MTA letter today from the FSA.

Mark Charlesworth, Managing Director says: “After discussions with our Membership earlier in the year we know that many will be Directly Authorised after 31st October and that it will be business as normal. However, many others are looking at the Introducer route. Consequently we put together a unique proposition which gives our Members three Introducer options. These options are currently being promoted at Roadshows across the country.”


Sesame urges early move on GI

Sesame is encouraging advisers to sign up to general insurance compliance systems at the same time as mortgage compliance. Mortgage regulation begins on October 31 this year and general insurance regulation starts on January 14, 2005

Correspondent&#39s View

Monday kicks off promisingly with a full page in The Guardian&#39s Office Hours section devoted to my advice on how to negotiate a pay rise. I do not know how I think I am qualified to dish out advice to others when I consider the poor state of my own finances but it is a […]

Ex-director joins new company

An ex-director of David M Aaron (Personal Financial Planners) who was deauthorised when the firm closed has applied to be regulated and is working again. Andrew Jones was director of compliance oversight and money-laundering reporting and was an investment adviser. He is working in a supervised role for IFA Advison, working with Kevin Minter, another […]

ABI warns life cover gap is widening on mortgages

The ABI is concerned over the growing gap between the number of mortgages and mortgage extensions and the number of term life insurance policies that are taken out to cover homeloans. Its report, The Mortgage Market – A Growing Life Insurance Gap?, says one in four mortgage holders has insufficient life insurance to cover their […]


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