Chris Cummings, director-general of the Association of Mortgage Intermediaries, says the Financial Services Compensation Scheme is a vital safety net but the costs must be divided more fairly to maintain the industry’s confidence in it.
A further 10 names were last week added to the ranks of Michael Bolton’s still yet-to-be-named lender. It has now appointed seven business development managers. These include BM Solutions’ top BDM for 2005, Scott Thomson who joins fellow BM Solutions BDMs Martese Carton and Shelley Read. Two BDMs come from packagers – Mandy Colclough from […]
Quay Software has introduced an automatic commissions module that allows IFAs to automate and track their commission.
Millfield Group last week asked the Alternative Investment Market to suspend trading in its shares while it “seeks to clarify the company’s financial position”. In a statement issued to the London Stock Exchange, Millfield warned that “it is highly likely that the company and at least three of its subsidiaries will be placed into administration […]
Over the last seven years you have probably read countless articles and had endless discussions about when the Federal Reserve (Fed) is next going to hike. The chart below shows the Fed Funds rate implied by the market at the beginning of each year since 2010. The Fed did finally edge rates higher in December […]
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