Vertex says up to 55 jobs in marketing, sales, under-writing and risk are at risk on its DB Mortgages acc-ount as a result of strategic changes at the lender.
GMAC-RFC managing director for sales and marketing Godfrey Blight has become the new chairman for IMLA, the association announced today.Current chairman Guy Batchelor – sales & marketing director at Lehman Brothers – will become deputy chairman. Nationwide specialist lending director Paul Howard and GE Money Home Lending chief executive officer Colin Shave both have been […]
I had to do a triple take on your report that among the top three things Patrick Gale will miss about working at Sesame are the FSA and the pressure of handling regulatory changes. (It is mildly interesting to speculate on what the third thing might be – the money perhaps?) The reason for my […]
Too little attention in the RDR debate has been focused on the consumer. Ultimately, there is a need to look back at the RDR and its core objectives. There is a need to make sure that we get a better and not just different outcome from this review. There must be a recognition that consumers share responsibility. We, as IFAs, have a unique level of access to consumers’ wants and needs.
The FSA has fined two mortgage firms and banned a third for sub-prime failings, following its investigations into the sector.
Income drawdown has become an attractive proposition. But adopting a ‘decumulation’ strategy also carries risks. What are the risks advisers need to be aware of? Read the decumulation challenge. Click here to read full article
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Technology firm FNZ has invested in robo-adviser Advicefront, which is also backed by other leading financial planning figures. FNZ today announced it has completed a strategic investment in the company. Advicefront, which is an automated advice platform, started in 2015 and its original investors include former Bloomsbury Financial Planning principal Jason Butler, Tilney investment director […]
The FCA has raised the prospect of further sanctions over advice to transfer out of the British Steel Pension Scheme as consumers could be in line for compensation payments. Giving evidence to MPs on the work and pensions select committee, FCA supervision director Megan Butler said that while the regulator had so far acted to […]
The global economy currently appears “just right” but how long can that continue?