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FSA job offer raises eyebrows in industry

A recent Financial Services Authority job advertisement for a chairperson on its regulatory committee who can expect to earn £150,000 for just three days&#39 work has raised eyebrows in the industry.

One anonymous broker says: “Good work if you can get it.This is another insight into the FSA. It&#39s good to know that our money is being invested wisely.”

The advert in the national press says: “It is seldom that opportunities arise to work at the forefront of financial services regulation.”

It adds that the applicant should have a legal background, business awareness and an understanding of the wider implications of regulatory work.

But some brokers believe a job of this nature merits a substantial salary. Neil Franklin, partner at Franklins Financial Services, says: “I&#39m not sure it&#39s enough, I can think of easier ways to make money. I&#39m not sure I envy the person who gets this job.”


Website offers guide to buying abroad

It says that while buying property abroad is a dream come true for most people, sadly some horror stories abound. For example, buying a property without a survey to find that it floods every year. Finding an idyllic property in the winter to find that in the summer it becomes a loud and noisy beach […]

Website warns housing market hangs in balance

Property website Rightmove&#39s latest index warns that the housing market hangs in the balance as the usual autumn pick-up in prices has not materialised. The September issue of the Rightmove House Price Index shows house prices are static after a 2% fall in August and that a housing stalemate has been reached. It reveals prices […]

Network Data signs up 500 ARs

The news delivers a blow to other mortgage networks still trying to break into three figures and sends out a strong message of support for Network Data&#39s proposition. Richard Griffiths, managing director of Network Data, says: “We&#39re more than happy with the number of new ARs that we have signed up to our proposition and […]

Your future is in your own hands

Five years ago the world was gripped with insecurity. What would the year 2000 bring? IT anoraks predicted computer chaos. The media was in a frenzy, suggesting that kettles wouldn&#39t work, cars wouldn&#39t start and planes would fall out of the sky. In short, the world as we knew it would end. In preparation, IT […]

Life after the CML

By Roy Armitage, head of credit at LendInvest Last month saw three-quarters of the membership of the Council of Mortgage Lenders (CML) vote in favour of plans to create a super-trade body, which would see the CML merge with the likes of the British Bankers’ Association and Payments UK. There is little room for misty-eyed […]


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