View more on these topics

AMI/Lifesearch talks focus on new trade body for protection distributors

The Association of Mortgage Intermediaries and Lifesearch are in talks about setting up a trade body for protection distributors.

Mortgage Strategy understands talks are at an early stage and a number of options are being considered, including the creation of a specialist protection arm within Ami or a standalone trade body.

A Lifesearch spokesman says: “The protection industry is in need of a clear direction and there are a number of bodies in early talks to see how we move protection forward.”

Ami chief executive Robert Sinclair says: “The Ami board has long identified the need for more attention to be paid to protection and we continue to look at how this might be achieved.”

Last year, Lifesearch created a protection seller’s code of conduct to solve the “most obvious current failings” in protection distribution.

The code’s committee held its first meeting last month to discuss how the code can be taken up more widely.

Le Beau Visage managing director Peter Le Beau says: “It is a good idea to make sure the protection industry gets more synergy out of organisations that have an interest in the sector.”



UK banks are in one hell of a pickle over £25bn hole

The conclusion of the Bank of England’s Financial Policy Committee that the UK’s banks need to magic up £25bn by the end of the year could have all kind of ramifications for lending, to both homeowners and SMEs. Now we know what created the hole — reckless lending by the banks, eurozone exposure and all […]

FCA raises concern over interest-only deals

The Financial Conduct Authority is concerned about the availability of interest-only mortgages after a lender exodus from the sector over the past year. In its first annual risk outlook, published last week, the FCA says a combination of uncertainty and increased changes means firms may not be making the right strategic choices and may be […]

Gross lending up 1%

Gross mortgage lending among the major high-street banking groups grew 1 per cent between January and February, according to figures from the British Bankers’ Association. In January, the six major high street banking groups advanced £7.7bn to borrowers, which increased to £7.8bn in February. The figure is also 1 per cent higher than the previous […]

Iain Chadwick

The Budget 2015: a brief overview

Following George Osborne’s delivery of his sixth Budget as chancellor and the last of this current parliament, we have provided a brief overview of the initiatives put forward in his statement, focusing on the topics that have an impact upon the pensions landscape, savings, personal taxation and businesses.


News and expert analysis straight to your inbox

Sign up