Last weekend saw the SEAT Cupra Championship make its furthest trip north this season as we ventured into the mountains of Scotland to Knockhill.Knockhill continued its tradition of terrible weather with pouring rain, gale force winds and a heavy mist engulfing the track all weekend. We started race weekend with a test day, which proved to be eventful with the car catching fire just as we had gone second quickest. A fuel pipe had come loose and sprayed fuel all over the red hot engine, which in turn ignited and cooked most of the wiring. At midnight the car started again for the first time. Saturday brought the first qualifying session and we managed to get the fifth quickest time, only two-tenths of a second off pole. We had a few suspension geometry problems in the second qualifying session and ended up seventh quickest. Sunday – race day – brought more torrential rain but I got up to third after three corners. I continued to make progress and was on the bumper of second as we crossed the line for the first time. Then, as I braked for a tight right hand bend, the car didn’t slow down – the throttle was stuck wide open due to the rain getting into the electrics. I finished fifth and the second race didn’t bring us any better luck. Knockhill is like a go kart circuit for full-sized cars. It is twisty and has lots of hills and unusual corners. The chicane at the top of one of the hills is a completely blind left, right corner which is taken at nearly 100 mph. It is obviously important to get this part of the circuit right as it can be a costly detour if you go off at Knockhill. There seems to be a special formula Scottish mud surrounding the circuit. If you get into this in a saloon car it tries to flip you onto your roof. Soggy and unforgiving, it is the reason it is imperative to keep your car on the black stuff at all times.
Michael Clapper, CEO of London-based Enterprise Group, has welcomed the findings of the recent FSA review on sub-prime mortgage advice and warned brokers to see it as a wake-up call.The review conducted by the FSA, was to assess whether advisers were taking reasonable steps to ensure that recommendations to take out sub-prime mortgages were suitable […]
A quarter of intermediaries currently operating in the mortgage market could be forced out of business in the next two years if current market forecasts are to be believed.Chairing a question and answer session at Mortgage Strategy’s Mortgage Summit in Jerez, John Malone, managing director of Premier Mortgage Service says the disparity between the value […]
Mortgages PLC has increased staff numbers by over 33% over the past six months to cope with an increase in business this year. The lender says it is on course to complete total sub-prime lending volumes in excess of 1.5bn by the end of 2005. Since January, MPLC has hired more than 50 staff and […]
Last week, Mortgage Strategy revealed that the Financial Services Authority was focussing its attention on networks’ controls over their appointed representatives and financial promotions. Away from the perimeter, another issue the FSA has identified is how some newly authorised networks control financial promotions. Clive Briault, head of retail markets at the FSA, says: “We had […]
This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.
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