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ABI welcomes polarisation reform

The Association of British Insurers says the FSA&#39s new proposals on polarisation announced today will lead to greater customer choice and improved information about financial advice.

Alan Woods, head of life and pensions at the ABI, says: “These proposals represent a sensible liberalisation of the market which will improve customer choice. It will also give consumers clearer information about the cost and nature of advice.

“We are pleased the FSA has abandoned its proposal for a defined payment system for IFAs and will consult instead on how a &#39menu&#39 card can be used to explain to customers their choice of how to pay for financial advice.”


Amber launches bespoke adverse range

Amber Homeloans Ltd has launched a full adverse, menu-driven mortgage which can be tailored to suit each individual&#39 s needs. The Bespoke Mortgage will help brokers provide an Amber mortgage for each of their clients regardless of their previous credit history. The bespoke mortgage carries a three-Month LIBOR pay rate (currently 4.03%) plus additional loading […]

CML urges homeowners to claim tax credits

With publicity for the new tax credits system beginning shortly, the Council of Mortgage Lenders is urging homeowners to check whether they are entitled to claim the credits. At present, only half of eligible homeowners are claiming credits. An estimated £1bn a year of unclaimed tax credits are accounted for by homeowners. The CML&#39s reminder […]

TMB launches new year remortgage deals

Self-cert specialist The Mortgage Business has relaunched its remortgage products with a New Year Special. TMB, who also specialises in flexible and buy-to-let mortgages, has designed its New Year Specials to reduce clients&#39 financial outgoings with a £400 cashback. Alternatively, for those wishing to remortgage quickly TMB is also offering its Rapid Remortgage with free […]

Building society runners aim for £300,000 Shelter donation

Ninety five employees from the building society sector will be taking part in this year&#39s Flora London Marathon on April 13 to raise funds for homeless charity Shelter. Funds raised by the sector will assist Shelter&#39s work with homeless children and continue the long-standing partnership between Shelter and the sector. Shelter works tirelessly helping 100,000 […]

Lifetime Isa – how it works

According to George Osborne “people like Isas – because they’re simple”. Fiona Tait is not convinced… Contributions & bonuses What he said: “From April 2017, anyone under the age of 40 will be able to open a Lifetime Isa and save up to £4,000 each year. And for every £4 you save, the Government will […]


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