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&#39Better regulation&#39 plea

In his final speech as chairman of the Association of Independent Financial Advisers at the Association&#39s annual dinner last week, Lord Hunt told guests that the predominant themes during his three years as chairman were regulation and reviews.

And, in a plea to FSA chairman Sir Howard Davies, he went on to say: “I urge the FSA to deploy rigorous self-denial on new initiatives. Sir Howard, you have been lumbered with a complex process that makes it hard for you to change anything. As the number of new initiatives mounts, so the process backlog grows. And any delay in the North Colonnade means a delay for businesses, too.

“Businesses, especially small businesses, cannot keep up with a flood of papers, any one of which may contain a torpedo for their plans.”


FSA abolishes polarisation

The Financial Services Authority Board last week announced its decision to proceed with the abolition of the polarisation regime, on which it consulted in consultation paper CP121. In future firms advising on packaged product business will be able to offer their customers a greater choice of product and from as many providers as they wish. […]

Britannic Money freshens up its flexible sub-prime mortgage

Britannic Money has announced an enhancement to its sub-prime mortgage – the Flexible REStart Homeloan (FRESH). With immediate effect the self-cert option on its sub-prime mortgage product will be available to employed applicants. FRESH Product details: • Daily interest calculations• All products track three-month LIBOR for the life of the loan• 1.55% discount for 12 […]

Islamic mortgage market could be worth £4.5bn

The UK&#39s Islamic mortgage market could today be worth as much as £9.2bn in balances outstanding, despite being worth just £0.04bn due to combination of factors that have served to suppress the market. Information collected by independent market analyst Datamonitor suggests stamp duty tops a list of obstacles that have hampered the development of the […]

Broker urges care over FSA mortgage tables

Mortgage Talk director Andy Frankish has issued a cautious welcome to the new Financial Services Authority mortgage tables, launched last week, that enable prospective homebuyers to shop around and compare up to 100 mortgage providers online. However, he warns that mortgage hunters must not simply rely on the information that the tables provide as they […]

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Infographic — health cash plans 2014

Health Shield has strengthened its position in the cash plan market, according to the latest Laing & Buisson report, increasing its market share by income from £27m in 2012 to £29m in 2013. The Health Cover UK Market Report 2014 revealed that the non-profit-making Friendly Society was the only provider in the top four to have increased its market share by income over the past year. Health Shield was also the only cash plan provider in the top four to have increased its market share by income every year for the previous five years. This infographic presents the figures.


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