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JEREZ 2006: No decrease in fees says FSA

Speaking at the Mortgage Summit in Jerez today, Michael Lord, head of mortgage and credit unions at the Financial Services Authority, says there will be no decrease in broker fees until its goals are met.

Lord says that despite regulation costing firms more and the FSA working more closely with trade bodies, there will no immediate decrease in broker fees.

He says: This is short-term pay for a long-term goal. We need to make sure that we get good business practice. If we move to a market that is less regulated, that would be great and we would decrease the fee, however a lot still needs to be done before this can happen.


Reynolds gets a World Cup grilling

Martin Reynolds, former head of sales at BM Solutions, found himself on the wrong arm of the German law last week at the England vs Trinidad and Tobago game in Nuremberg. Instead of enjoying the second half of the match Reynolds was instead questioned by local police after being scammed into buying a stolen ticket […]

BDM for InterBay

InterBay Funding has appointed another business development manager. Jamie Breathwick joins from the Royal Bank of Scotland Group where he was a BDM for four years.

Rooftop BDMs

Sarah Jackson and Brendan Middleton have joined Rooftop Mortgages as business development managers.

Advisors offering help with equity release

A report from research company Rayner Spencer Mills will provide adviserswith practical help when considering entry into the equity release market.Geoff Mills, director of Raynor Spencer Mills, says: “Our report considers the business implications for advisers moving into this growing market. “Statistics and projections for the market are well known and still provided, but our […]

A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery


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