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Wilson pledges market balance

FSA director of high-street firms Sarah Wilson says the regulator will do all it can to maintain an innovative marketplace for mortgages after M-Day.

Wilson told Money Marketing that the new regime – which takes effect from November 1 – would endeavour to balance the need for consumer protection with the maintenance of a wide range of providers, delivery channels and products.

She estimates that 2.75 million new mortgages a year will come under FSA control.

Wilson says: “Our approach throughout has been to design a set of requirements that retains the consumer benefits of an innovative marketplace with a wide range of providers, of delivery channels and of products that improve consumers&#39 ability to understand and compare the products on offer so that they can make informed choices.

“We will create a system that provides for suitable advice where consumers choose to obtain advice and which protects consumers to an appropriate degree where they are exposed, for example, as purchasers of lifetime mortgages or as borrowers in arrears or facing repossession; or where there is a complaint or compensation is due.”


Intelligent Money offers new range of funds

Intelligent Money has launched a range of 100 per cent capital secured investment funds.The funds offer wither a fixed return, out-performance of the FTSE and a residential property fund with 100 per cent capital security.All the funds are available within Maxi Isas and Peps (for transfers).The funds will be available from 9 December unless they […]

RLA makes progress

ROYAL LIVER ASSURANCE PROGRESS Type: Menu based protection plan providing term assurance and income protection with optional critical illness and unemployment cover TERM ASSURANCE Minimum sum assured/minimum premium: None/£7.50 a month, £75 a year Minimum-maximum term: Five-40 years Options: Level or decreasing cover, accelerated critical illness cover, waiver of premium, inflation protection Deferred period: Choice […]

Buckles ties up with Premier

IFA firm Buckles Investment Services is targeting other IFAs and their clients with its Snowdonia fund of funds range. The snowdonia Oeic consists of three funds &#45 snowdonia income, snowdonia balanced and snowdonia growth. The management of the funds will be outsourced to different investment managers. The snowdonia income fund will be managed by Premier […]

Lipper acquires Fitzrovia International

Fund information providers Lipper has acquired research specialist firm Fitzrovia International for an undisclosed fee. Lipper, a wholly owned subsidiary of Reuters, bought Fitzrovia for its abilities in providing information on total expense ratio analysis for funds outside the US. The combined business will aim to provide clients with a global fund expense and data […]


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