View more on these topics

Over 1,800 passed MAQ exam in December

A total of 1,816 people passed the MAQ examination in December to take the total number of qualification holders to 13,711, the Chartered Insurance Institute says.

During 2002 the CII examined just under 16,000 MAQ papers. To help those who still need to meet the MCCB requirements the CII is running an extra exam session in February.

CII marketing director Steve Wellard says, “The CII is very pleased to have been able to play a major part to help advisers meet the MCCB&#39s fitness and competence requirements which are intended to raise industry standards, and the level of protection afforded to mortgage customers.

“We are working hard to ensure that those who have passed their examination now continue to maintain and enhance their competence. This is a key facet of the FSA&#39s future approach to the sector.

“The CII already has its online compliance and competency syste., which is designed as a way of providing evidence of competence to the regulator, and we are exploring how we can take this forward to support competence and good practice in the mortgage sector.”

Advisers are also being encouraged to progress towards the Advance Financial Planning Certificate as MAQ, when held with the FPC, will count as a half-credit towards the AFPC.


GMAC ties up Platinum deal for packagers

GMAC-RFC has launched the &#39Platinum Partners&#39 programme, as part of its long-standing commitment to its packager distribution, Companies within the &#39Platinum Partners&#39 initiative will benefit from a range of special facilities, including PR, marketing, compliance and regulatory seminars, early notification of product launches, access to onsite underwriters, over-printed personalised marketing material, access to exclusive products, […]

1,000th firm joins Mortgage Promotions

Packager Mortgage Promotions yesterday announced that the 1,000th firm had joined the rapidly growing network, which launched in July 2001. Nick Baxter, director of Mortgage Promotions, says: “We are delighted to have achieved this milestone so quickly. With an average of over three registered individuals per member firm it means that over 3,000 individuals have […]

Scottish Equitable Protect adds five-year reviewable rates across critical illness range

Scottish Equitable Protect is adding a five-year reviewable rates option on critical illness cover within its mortgage and business protection menu products, which means that this option is now available across the company&#39s entire critical illness range. The new option means that IFAs now have the choice of recommending rates which are guaranteed for five […]

Lifestyle Finance commits £10 per completion to children&#39s charity

Rotherham-based sub-prime mortgage broker/packager Lifestyle Finance has committed to donate £10 for every mortgage it completes in 2003 to the South Yorkshire children&#39s charity, Help a Hallam Child, run by Hallam FM Radio. The appeal helps local children and also contributes to national children&#39s charities. The total value of the Lifestyle Finance contribution is estimated […]

Retirement fund - thumbnail

What price (more) freedoms?

George Osborne will make his last Budget speech of the current parliamentary term this week, and the early media briefings suggest that pensions will again feature heavily in that statement. So what are we able to learn from the weekend’s coverage?


News and expert analysis straight to your inbox

Sign up