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Promise Finance receives authorisation from FSA

This grants Promise Finance permission to undertake arranging mortgages and general insurance under the legislation that comes into effect from October 31, 2004 and January 14, 2005 retrospectively.

When the Financial Services Authority began regulating life and pensions, it undertook massive and significant changes that revolutionised the industry. This has resulted in the compliance team implementing changes in the company&#39s infrastructure, completing intricate application forms detailing compliance, processes and systems of control to evidence ability to comply with FSA regulation

Trevor Davies, compliance manager at Promise Finance, says: “We embraced the stringent changes that faced us in a constructive and positive manner. The time, money and efforts invested were paramount and will be of great benefit to our customers, ensuring we are more transparent in our approach to customer service and standards. We welcome the challenges that the future holds and delivering the high standards our customers expect and deserve.”

Recommended launches interactive legal service

Alun James will respond to emails on all legal aspects of property purchasing, conveyancing, joint ownership &#45 even shared ownership. The firm has been selected by FirstRungNow as it specialises in helping people, particularly key workers onto the property ladder. It is able to offer advice on trust deeds, co-habitation agreements, tenancies in common &#45 […]

Financial health matters

The Financial Services Authority estimates the cost of the pensions debacle alone to be about £11.8bn. Confidence in the industry is at an all-time low. Now, some fear a third scandal is on the way as the level of indebtedness in the UK recently hit the symbolic £1 trillion mark. Concerns about lending practices are […]

FSA measures consumers&#39 financial capability

Addressing a discussion, Financial Capability: Making informed decisions about mortgages, held at the House of Commons last week, the FSA said the baseline survey is progressing well. Part of the regulator&#39s remit is to help the public understand financial issues and ensure they do not buy unsuitable products. The industry and politicians agree that it […]

House price inflation up in July, says ODPM

It says that this was due to a rise of 2.1% in prices between June and July, compared with a rise of 1.7% over the same period last year. The rise in UK prices between June and July was broad-based, with rises in prices for detached properties by 3.2%, semi-detached by 2.4% and terraced houses […]

Jelf flexible benefits

In Focus: How to choose a flexible benefits provider — seven top tips

Jelf Employee Benefits looks at some of the key considerations employers should think about when reviewing and choosing a flexible benefits provider. Choosing the right benefits for your employees is one thing but delivering a successful employee benefits strategy is about understanding the complete picture and delivering it in a personalised way so that it resonates with each and every individual in your business. 


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