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FSA blocks transfer of 23 HoC ARs

The Financial Services Authority is preventing 23 Home of Choice app-ointed representatives from reauthorising under the First Complete banner.

A spokeswoman for Home of Choice says 13 ARs were suspended or under investigation by the regulator when the network went into administration.

A further 10 have been denied reauthorisation by the FSA but have not been told why.

The spokeswoman says: “The FSA has not clarified why it does not want the other 10 to transfer.”

An FSA spokeswoman says: “We are working with the company to effect a bulk transfer of ARs where possible.”



Network directors deserve credit for preserving our jobs

Having read with interest the comments made on Mortgage Strategy Online in the past few weeks regarding Home of Choice I think it’s time to applaud the directors. They have done a good job in bringing the company back from the brink and safeguarding the livelihoods of those who worked under the Home of Choice […]

There was no point in voting Tory if the FSA is still here

I have just read that newly appointed chancellor George Osborne has had to scrap plans to hand over banking supervision to the Bank of England (Mortgage Strategy Online). This is yet another kick in the teeth for voters. Many thousands of people are likely to have voted for the Conservatives due to the fact that […]

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