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Freedom Finance receives notification of full authorisation

Stephen Atkins, group compliance director for Freedom Finance, says: &#34I&#39m delighted that the Freedom Finance Group has received its part IV permission notices – for mortgage broking, the sale of general insurances and mortgage lending – as everyone has worked really hard to prepare the whole business for regulation. We are now looking forward to November 1 with eager anticipation.&#34

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Network frustration at A&L policy

Discussions are underway at Alliance & Leicester after frustrated networks were told their members would be treated as individuals, rather than as part of a network. Ian McIver, managing director at The Whitechurch Network, was told that, come regulation, each member of the network would have to pass a certain number of cases a year […]

Lords committee backs insurers on EU directive

The Association of British Insurers has also welcomed the House of Lords EU Social and Consumer Affairs Sub-Committee&#39s view that the European Commission should carry out a thorough impact analysis of its proposals before proceeding any further. Stephen Sklaroff, deputy director-general of the ABI, says: “The Committee&#39s report supports the UK&#39s existing and robust sex […]

Lending slows in August

This was 13% lower than in July and just 3% higher than in August 2003. This is in contrast to last month, when lending was 3% up on the previous month and 13% up on the previous year. In marked contrast to last month, when lending was driven by a new £14.6 billion monthly record […]

Icon Finance under fire for failing to pay fees on time

Icon finance has come under fire for failing to pay fees on time. One broker claims the Hampshire-based packager has delayed paying out £25,000 in proc fees. Icon Finance was previously known as Non-Status Mortgage Company, based in Surrey, but changed its name in April this year. One broker, who wishes to remain anonymous, took […]

Europe: banking on a recovery

Neptune video: Europe — banking on a recovery

Arguing that the eurozone crisis is over, watch Rob Burnett, head of European equities at Neptune, discuss the sectors that he’s investing in to harness the recovery. 

In the video, Burnett addresses the following: 

• The primary drivers of the eurozone’s economic recovery
• The turnaround in individual countries’ current accounts
• Sectors best positioned to harness the recovery, without offering undue exposure to risk

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