Advisers

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Former FCA advice director Linda Woodall passes away

FCA chief executive Andrew Bailey has offered his condolences on behalf of the regulator following the death of former advice and life insurance director, Linda Woodall. A point of contact is provided through the FCA website to remember Woodall (pictured), who passed away in September. She joined the FCA in 2001 and held various roles […]

Brokers’ top searches in September revealed

The Criteria Activity Tracker provided by Knowledge Bank has revealed the most searched criteria by brokers in September. The most common searched criteria in the residential sector was for lenders who would accept self-employed applicants with just one year’s accounts. Within buy-to-let the focus shifted to new borrowers, as brokers searched for lenders who will […]

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AMI announces board election timetable

The Association of Mortgage Intermediaries has announced details of its board elections which will take place in November. The period for nominations for certain board positions has now been opened. These are part of the process where all board positions are re-elected on at least a three-year rolling cycle. Existing members of the board may […]

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Careers Insight: Answering age-old questions

Putting a focus on the wellbeing of your team will pay dividends many times over. It is important to have a plan in place to encourage and support employees on many levels. But does one size fit all? Or is age a factor that needs to be considered? Managers must be in tune with their […]

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Demand up for later-life planning: Prudential

A large majority, 86 per cent, of advisers saw an increased demand for advice on later-life planning over the last year, according to research from Prudential. The insurer says advisers are seeing a surge in enquiries about later life financial planning and are reshaping their business to adapt. Prudential’s UK-wide survey of advisers, shows more […]

Online estate agency Hatched closes

Connells Group has announced that it will close online estate agency Hatched to all new business with immediate effect. The group believes that the online-only/hybrid business model is not commercially sustainable and that it wishes to commit entirely to its high street estate agents. In a statement the group says that it will “seek to […]

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Responsible Life launches residential mortgage arm

Responsible Life has entered the residential mortgage market through the launch of Responsible Mortgages, an independent broker. This latest move from Responsible Life comes 18 months after it launched Responsible Lending, an equity release lender. In its latest foray, the firm will advise on the whole of market for first-time buyer, home mover, remortgage and […]

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LSL invests in MortgageGym robo-adviser

MortgageGym, a mortgage robo-adviser, has entered into a strategic partnership with LSL Property Services as part of its latest money raising round, in which it secured £3.8m from various investors and obtained FCA approval. LSL Property Services currently has a broker network of 2,298 mortgage advisers who collectively lent £21bn in 2017. MortgageGym co-founder John […]

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Rio and equity release “should be more aligned” say trade bodies

Speakers at the Financial Services Expo in London yesterday praised retirement interest-only mortgages but added that they should be aligned more closely with equity release options for the good of customers. Talking at a session titled “A meeting of trade body minds,” BSA head of mortgage policy Paul Broadhead said: “There’s not been a great […]

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SimplyBiz reports losses following IPO

SimplyBiz has reported a pre-tax loss of £1.2m for the six months to 30 June in its first set of financial results as a public company. In the same period the prior year, the business reported a £2.4m profit. The loss follows IPO costs of £3.6m after its float on the London Stock Exchange in April. However, […]

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Complex protection products put advisers off, says FCA body

Overly complex protection products are putting mortgage advisers off discussing them, and putting clients off buying them, according to a study by one of the FCA’s advisory bodies. The Financial Services Consumer Panel, a group that works with the FCA on policy issues, sought views from intermediaries, insurers, a reinsurer and mortgage lenders on issues and challenges […]