Regulation

Openwork to lower adviser charge on platform business

Openwork says it will "significantly" reduce the charge it makes to firms writing investment...

FSA seeks to restrict UCIS promotion

The FSA has published proposals to ban the promotion of Unregulated Collective Investment Schemes...

21 firms in default, says FSCS

The Financial Services Compensation Scheme (FSCS) has declared 21 firms in default, meaning consumers...

Half a million pound fine for payday lender

The Office of Fair Trading (OFT) has imposed a £544,505 financial penalty on the...

L&G outlines post-RDR legacy product rules

Legal & General has provided details for its post-RDR adviser charging rules for individual...

FSA takes action against City Gate

The FSA has publicly censured City Gate Money Managers Limited and banned its director...

Crucial European vote on mortgages delayed

A vote that may decide the final shape of the proposed European directive on...

‘Simple’ financial product recommendations outlined

A government steering group has published recommendations for ‘simple' financial products. Mark Hoban, Financial Secretary...

Turkish Bank fined for money laundering failings

The FSA has fined Turkish Bank (UK) Ltd (TBUK) £294,000 for breaching the Money...

Consumer Panel wants “smarter, faster and bolder” regulator

The Financial Services Consumer Panel has made six recommendations it views as essential if...

Advisers more worried by costs than RDR

Advisers believe regulatory costs are more likely to have a greater impact on future...

FSA cancel’s intermediary’s permissions

Simon Wood, trading as Wood Associates Independent Financial Services, has had his Part IV...

EU to criminalise interest rate manipulation

The European Commission has moved to make interest-rate manipulation a crime across the EU....

AMI criticises FSCS funding proposals

The Association of Mortgage Intermediaries has reacted unfavourably to the FSA's consultation proposals for...
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COMMENT

Comment

The case for tech fluency before AI adoption in the mutual sector

It often feels like there is only one conversation taking place in financial services at the moment: artificial intelligence. Whether it’s trade shows and...

Commonhold and RTM: do not mistake control for simplicity

Commonhold is presented as a fairer form of flat ownership. Right to Manage (RTM) is sometimes portrayed as a quick way for residents to...

No holidays: advice firms need a plan for a busy August

Every summer, the same quiet risk runs through the intermediary market. Advisers, case managers and administrators go on holiday. Specialist lending cases, which have...

Every rate shock is becoming a test of the modern mortgage business

Halifax, Barclays and HSBC increased selected mortgage rates by up to 0.20% this week, effective 21 July. Halifax removed its sub-4% deals entirely. Barclays'...

Your next client is probably more complicated than your last one

There's a shift happening in the mortgage market that most small firms aren't ready for. It's not about rates. It's not about the political...

Latest news

Regulation

Final call for views on FCA mortgage reforms

The mortgage industry has until tomorrow to respond to Financial Conduct Authority proposals intended...
Cover

One in five borrow to fund private healthcare

Almost one in five people who recently accessed private healthcare used a credit card...
Compliance

Digital mortgage ID checks unaffected by government U-turn

Digital identity verification used by mortgage lenders, brokers and other regulated firms is unaffected...
Building Societies

Family BS launches broker Mortgage Hub

Family Building Society has launched an online mortgage application platform designed to give brokers...

PROFILES