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Friends Provident freezes network adverts

Mindful of the FSA&#39s timescales for authorising new firms, it says that the FSA do not guarantee to process application forms in under three months, and although the current timescale is less than this, it says it would be wrong to encourage anyone else to join up.

The company says it&#39s in talks with a considerable number of firms following a successful campaign conducted throughout 2004.

Advertising activities for mortgage brokers will resume again in 2005 when it is believed that movement of intermediaries within the industry will pick up post-Mortgage Day.

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HBOS could sell BM to prepare for Abbey bid

The Midlands press is already speculating over the future of BM. HBOS has a 22% share of the UK mortgage market while Abbey has 11%. But combined they would control one third of the market – something competition watchdogs would likely rule out as consumer choice would be stifled and HBOS would become an unstoppable […]

HIPs will expose shortage of surveyors, says xit2 survey

The prediction of a chronic shortfall is revealed in an xit2 survey of senior figures in the housing market including lenders, intermediaries, estate agents, surveyors and solicitors. Should HIPs be introduced, they will create the requirement for a Home Condition Report on every property being sold. Just 3% thought that there would be enough surveyors […]

Cobalt receives full authorisation

The company says it is great news and will help the firm to push ahead with its ambitious expansion plans.

Genesis solves AR dilemma

FSA regulations stipulate that a broker calling themselves independent must offer clients a whole of market product range and the option to pay a fee for the service provided. Where the client opts to pay a fee the gross procuration fee payable from the lender to the network has to be rebated to the client. […]

Guide

Guide: what you need to consider for your auto-enrolment project

In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.

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