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Treasury publishes mortgage regulation consultation

The start of the consultation period on mortgage regulation has been announced on February 28 by economic secretary Ruth Kelly.

It contains a range of proposals which it is looking for industry feedback on by April 30 2002.

Kelly says: “Choosing a mortgage is the biggest financial decision that most people will ever make. It&#39s important to get it right first time – mistakes can be costly.

“Cat standards have already been introduced to help borrowers understand mortgages. Regulation will benefit consumers by ensuring a high standard of advice is available across the board and that access to clear and comparable information is easily accessible.

“The consultation document sets out options for the smooth transfer to the FSA. I look forward to receiving comments on the proposals.”


ScotEq urging IFAs to target stakeholders for children

Scottish Equitable is urging IFAs not to miss out on the first stakeholder season for high-net-worth clients buying policies for spouses and children.It argues that many high-net-worth individuals who already have maximum pension provision are starting to see pensions in the same way as the annual Isa allowance.The company considers that IFA clients understand that […]

Free Standard audits to help open net to blind

Standard Life is offering free audits for IFA firms seeking to upgrade their websites to create a more accessible service to the blind and partially sighted.In conjunction with the Royal National Institute for the Blind, Standard will provide a free evaluation of firms&#39 sites and advise them on what measures they should take to make […]

Launder rules cleaned up

The UK offshore crown dependencies are strengthening their anti-money laundering rules in a bid to protect their financial centres from criminals, terrorists and corrupt governments.Guernsey, Jersey and the Isle of Man want banks and other institutions to carry out “proper” due diligence on clients even if they have been referred to them by another company.Institutions […]

Gaskin takes over As BA&#39s chief exec

Former Misys IFA Services chairman and Exchange managing director Jim Gaskin is taking over as chief executive of network Burns-Anderson.Current Burns-Anderson CEO Steve Kelland is stepping down from the role but will remain as chairman.Gaskin left his job at The Exchange last November after its takeover by Marlborough Stirling.Kelland says Gaskin has been chosen for […]


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