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Coventry Intermediaries launches new remortgage range

Coventry Intermediaries has launched a new range of fixed rate, tracker and offset remortgage products with rates starting from 3.1 per cent. The new range contains products available from 65 per cent to 80 per cent and all the products in the range contain a free valuation up to £670 and access to the lender’s […]

Banks and FSA failed to learn from Equitable Life collapse

Banks and the FSA could have acted to prevent the recent financial crisis if they had learned from the collapse of Equitable Life, a report has found. A report, “Did anyone learn anything from the Equitable Life?”, has been published today to mark 250 years since the mutual insurer was first established. King’s College London […]

New firms face record wait for FSA approval

New financial services firms are having to wait over five months to be authorised by the FSA, more than three times as long as they had to wait before the financial crisis. A freedom of information request from law firm Reynolds Porter Chamberlain reveals firms are having to wait a record 22.9 weeks for authorisation, […]

FSA Skyview 480

Not just the banks: The FSA’s smaller firm incentive concerns

Advisers say the FSA investigation into sales incentive schemes will force firms operating a self-employed, volume-based model to review their compliance practices and introduce tougher sanctions for unsuitable advice. The regulator published a report yesterday following a year-long investigation into the way sales incentive schemes drive misselling. The FSA found 20 out of 22 firms […]

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