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Promotions group to work with FSA

The Financial Promotions Action Group intends to work with the FSA towards a market-based solution to the regulation of product marketing.

FPAG held its inaugural meeting recently, attended by firms from a cross-section of financial services. Chris Atkinson, manager of strategy and communications in the financial promotions department at the FSA, says the FSA’s “doors are open” to representations.


Us little guys need good BDMs too

Online systems can’t replace talking to good business development managers but lenders seem to be spreading them so thinly that smaller broker firms are missing out, says Sue Read

Get-rich-quick property clubs could be regulated

The Financial Services Authority has proposed plans to tighten regulations involving property investment clubs. Some clubs have come under fire recently for holding get-rich-quick seminars that attract inexperienced investors and can cost them thousands of pounds. The proposed regulations would mean clubs that do not exercise day to day control over the management of properties […]

Citizens’ Advice backs FSA insurance review

Following the Citizens Advice Bureaus recent report on the selling of payment protection insurance, Select & Protect has backed the Financial Services Authoritys review of PPI and its bid to improve standards.Bruce Reid, managing director of Select & Protect, says: Payment protection insurance is sold to borrowers to offer peace of mind and reassurance that […]

PYV negotiates improved rates for MIs

PYV, the professional indemnity insurance broker for mortgage intermediaries, has negotiated new improved rates for mortgage intermediaries with St. Paul Travelers.PYV say this is good news for all types of mortgage intermediaries, ranging from networks to one-man bands, and improved rates extend to general insurance activities as well as term life activities.Ian Boscoe, director at […]


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