View more on these topics

Easier to use form for consumer credit licences

The Office of Fair Trading has launched an easier to use form for businesses applying for, renewing, varying or notifying changes to their consumer credit licences.

The forms are clearer and easier for businesses to complete and will provide the OFT with better personal information for verifying an applicant’s identity and address. The OFT has also issued a leaflet entitled Do you need a credit licence? to help smaller businesses consider whether their business activities require a consumer credit licence.

The OFT processed 26,000 applications for new and renewed licences in 2004-05.

The forms have been redesigned to help reduce the number of completion errors made by traders. There are also separate simpler forms for sole traders. The forms give increased guidance to traders on questions, such as the type of information the OFT needs on the trader’s business activity. They also have clearer questions, increased space to give free-text information, and checklists to help traders ensure they provide all key information before sending off their application

The forms also include additional questions asking for personal addresses for sole traders and partners that will help the OFT and trading standards departments to confirm applicants’ identities and better enable the OFT to target traders who require further investigation on fitness grounds.

Christine Wade, director of consumer regulation enforcement division at the OFT, says: The new forms will benefit businesses, consumers and the economy by enabling a faster and more efficient licence application process.

The old licensing forms will be valid until November 18 except the licence renewal form, which will be valid until December 31.


Last chance to win 250 of vouchers

Mortgage intermediaries have only two days left to be entered into Pink Home Loans prize draw to win 250 worth of vouchers. The seventh Pink 1000 Index survey consists of eight questions relating to regulation in the areas of compliance support services, treating customers fairly and financial promotions. Completing the survey should take no more […]

Britannia launches anti-racism campaign

Britannia has teamed up with Stoke City FC to raise awareness of racism that still exists in the sport. On Saturday Britannia and Stoke City FC will launch a campaign to educate local school children about the negative effects of racism. Using the City Rhythm and Rhyme competition they aim to encourage youngsters to use […]

Nationwide raises MPPI premiums

Nationwide has increased the premiums on its mortgage payment protection insurance. For 12 months’ cover, accident, sickness and unemployment has increased from 5.39 to 5.89, accident and sickness has increased from 2.79 to 3.29, and unemployment has gone up from 3.66 to 4.19 per 100 insured. For 24 months’ cover, accident sickness and unemployment has […]

Paaleads is proud of forming long-term relationships

From Vanessa Blount I’d like to take this opportunity to respond to Christopher Platt’s letter in the October 3 edition of Mortgage Strategy. prides itself on forming lasting business relationships with its members based on honesty and communication from the initial call through the lifecycle of the leads account. Part of this culture is […]

Identifying best-in-class UK stocks — Mark Martin, Neptune UK Opportunities Fund

FE Alpha Manager Mark Martin assumed management of the multi-cap UK Opportunities Fund at the beginning of February. As manager of the highly regarded UK Mid Cap Fund, Martin has begun restructuring the new portfolio to focus on our very best UK stock ideas from across the FTSE All-Share Index. In this video, update Martin addresses:

– Themes informing the UK Opportunities Fund
– The multi-cap structure of the fund
– UK equity valuations


News and expert analysis straight to your inbox

Sign up