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We have a future, says AFB head

Robert Sinclair issued a rallying call to the secured loan market at the Pancredit/Mortgage Strategy networking event in London last week.

Sinclair, director of the Association of Finance Brokers, maintains that the sector will survive the credit crunch.

He says: “The market has gone from being worth 500m a month to 60m. For any other sector that would spell the end but not for us.”

Sinclair also criticised the Fin-ance Industry Standards Assoc-iation’s code of conduct.

He says: “The code has been rejected by the Office of Fair Trading and this raises legal issues.”

But John Parker, chief executive of FISA, says it is reworking the code and seeking OFT approval.


Leadbay boss leads the way

Lead generation used to be the preserve of scoundrels and cowboys. Mortgage Strategy was once filled with stories about brokers losing thousands of pounds to firms purporting to offer online mortgage leads. These companies would demand money upfront and then vanish. And even when potential clients’ details were offered the information was usually shoddy.


Pension over-taxing

800,000 people are at risk of being over-taxed on their pensions, writes Steve Webb, director of policy at Royal London Hundreds of thousands of people receiving company and personal pensions should check their tax code to make sure that they are not being over-taxed, according to a leading pensions firm. Mutual insurer Royal London has […]


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