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Domain receives full authorisation from the FSA

Compliance director Julie Hamilton says: “Domain is different, we have always limited our number of ARs, each of whom expects personal attention from our team of highly skilled staff.

“FSA regulation will bring an era of trust and confidence in mortgage advisers from the public, and the already highly respected name of Domain will be at the forefront of that.

“The network has invested heavily in developing a state-of-the-art compliance service for its members. ARs will have several major advantages over other intermediaries, particularly our unbeatable range of exclusive products, access to our mortgage club, and renowned packaging service. But most importantly, Domain&#39s intensive support service will help our intermediaries cope with the rigorous and detailed reporting regime required by FSA regulation.”

Domain expects all its existing members to have completed the FSA&#39s checking process and be authorised as ARs by October 31. It says there are increasing concerns in the industry that many new networks will have large numbers of members still awaiting clearance by the FSA on October 31. These members will not be allowed to do business and the cases they are dealing with will collapse as a result. This could cause chaos amongst purchasers and sellers. But Domain will guarantee to ensure that all cases will be secure with our network.


Prescott pledges housing association homes are not for sale

Prescott also promised to limit the right of council tenants to buy their homes. Speaking at a debate in sustainable communities at the party&#39s conference on Sunday, Prescott pledged that housing association homes are not for sale. He says: “The Tories talk about part ownership, but all they want to do is extend the Right […]

Halifax intermediaries to accept online applications only from October 1

Paul Fincham, spokesman for Halifax, says: “We are simply doing simple housekeeping before regulation. We have been online since January 2003. We do 90% of our business online, so there will literally be a handful of brokers who will not be able to access it. If someone can&#39taccess us, we will help them to get […]

Huntswood gives compliance wake up call to contact centres

Huntswood is hosting a stand at the annual Call Centre Expo, September 29 to 30, to alert providers and outsourcing firms to the business risks of non-compliance and to offer guidance on what measures they can take. By September 3 the FSA had received 17,291 applications for authorisation, and all of these firms will need […]

Mortgage Choice selected to join the Mortgage Alliance&#39s packager panel

Manchester-based Mortgage Choice is not a network, and will provide a packaging route to TMA for its 6,000 members that are already in a network and who prefer to use a non-network packaging facility, and also for general users. Steve Atkins, head of The Mortgage Alliance, says: “An important growth area for The Mortgage Alliance […]

Reforming India: just the beginning

By Kunal Desai, Neptune India Fund

As global investors continue to scour emerging markets through the lens of reform potential, India shines bright. Indeed, we think it can sparkle even brighter. We anticipate India’s self-imposed 10-year ‘policy holiday’ to turn into one of the most pro-growth and pro-investment policy calendars seen in Asia in years. The Indian electorate has engineered a historic verdict. We now have the strongest Indian government since 1984, with the pro-market Bharatiya Janata Party (BJP) achieving an absolute majority for the first time in the party’s history.


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