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Banned firm should have protected itself against fraudsters

I was interested to read the story on Mortgage Strategy Online last week about the FSA banning Walthamstow mortgage broker Kevin Byrne for lacking the integrity and competence to prevent his business, Forest Financial, being targeted by mortgage fraudsters.

I know the easy answer is to blame the FSA here and rant on about how bad a job it is doing.

But this adviser accepted documents that he should have spotted as being fraudulent or inaccurate at best, such as those with different account numbers on the statement.

Yes, the lender was enjoying the business and might have started this whole investigation when the mortgages went belly-up. But either way, Forest sat back and enjoyed the proc fees without taking even basic steps to protect itself.



Regulator on brink of being branded a world-class waster

I’m sure that when the new Conservative government does a post-mortem on the effect of the FSA it will find it to be one of the biggest and most useless wastes of money in history. The truth is that consumers are no better protected than they used to be and it’s up to lenders to […]

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Guide: how to… communicate with your pension members

Effective communication of your pension scheme is a large part of getting auto-enrolment right. Delivering the same message to all employees is not necessarily the way to go. To assist you with the communication of your pension scheme, we have provided some key areas to think about, such as:

  • What to consider when segmenting your workforce
  • How to communicate to pension scheme members at the right time in their member lifecycle
  • What topics you should be discussing with your pension members
  • The new pension freedoms and the importance of communicating them


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