A fair design for the FSCS levy – Marketwatch
While giving evidence in front of the Treasury Select Committee last week, the Financial Conduct Authority (FCA) criticised the design of the levy for being 'lumpy and unpredictable'. The post A fair...
View ArticleCustomers will bear the brunt of higher regulatory fees, brokers say
Consumers are being forced to front the cost of regulation as brokers feel the sting of rising regulatory fees, intermediaries say. The post Customers will bear the brunt of higher regulatory fees,...
View ArticleLast week’s top ten stories on Mortgage Solutions – 30/10/2015
Every Friday, Mortgage Solutions rounds up the most popular stories on the site over the past five days. Equity release and the FSCS levy debate rumbled on making big headlines. The post Last week’s...
View ArticleFSCS: Firms must raise awareness of redress for poor advice to improve trust
The financial services industry must do more to raise awareness among consumers about compensation available in the event of receiving poor advice, the Financial Services Compensation Scheme (FSCS)...
View ArticleOpenwork reviews member fee-charging structure – exclusive
Openwork is reviewing its fee-charging structure for members which its CEO said would 'likely' lead to a deduction from the fee which mortgage advisers receive from clients upfront for their services....
View ArticleMortgage advisers’ FSCS fees revealed
Mortgage brokers will pay £14m in levy to the Financial Services Compensation Scheme (FSCS) for 2017-18. The post Mortgage advisers’ FSCS fees revealed appeared first on Mortgage Solutions.
View ArticleDirect non-advised product transfers undoing MMR – Sinclair
Mortgage lenders are undoing the good work of the Mortgage Market Review (MMR) by pursuing customers directly, according to the Association of Mortgage Intermediaries' chief executive Robert Sinclair....
View ArticleP2P lender Zopa one step closer to digital bank launch
Peer-to-peer lender Zopa has secured multi-million pound investment to help fund its digital banking arm. The post P2P lender Zopa one step closer to digital bank launch appeared first on Mortgage...
View ArticleMortgage broker compensation limits to hit £85k but providers will contribute
Mortgage brokers could be on the hook for larger compensation claims under proposed changes to how the Financial Services Compensation Scheme (FSCS) operates. The post Mortgage broker compensation...
View ArticleBSA laments proposed FSCS changes as AMI celebrates
The Association of Mortgage Intermediaries (AMI) warmly welcomed plans to reform the Financial Services Compensation Scheme (FSCS) unveiled today, but one broker warned of potential customer fee hikes....
View ArticleMortgage broker levy for Financial Services Compensation Scheme confirmed
Mortgage brokers’ levy for the Financial Service Compensation Scheme (FSCS) is to be frozen in the coming financial year – even though the fund is set to lose around £5m this year on home finance...
View ArticleFSCS funding changes just ‘a starting point’ – AMI
Revisions to the Financial Services Compensation Scheme (FSCS) funding model which will see brokers paying an estimated £30m less from April next year are just the beginning of beneficial adviser...
View ArticleTwo mortgage brokers declared bust as FSCS offers compensation
Two mortgage brokers were declared in default in August by the Financial Services Compensation Scheme (FSCS). The post Two mortgage brokers declared bust as FSCS offers compensation appeared first on...
View ArticleMortgage broker declared in default as FSCS offers compensation
A mortgage broker and a financial adviser were among five firms declared in default in September by the Financial Services Compensation Scheme (FSCS). The post Mortgage broker declared in default as...
View ArticleFSCS aims to cut industry levies and improve ‘daunting process’
The Financial Services Compensation Scheme (FSCS) has outlined its long-term strategy which includes increasing recoveries from failed firms, reducing industry levies and improving consumer protection....
View ArticleMortgage brokers’ FSCS levy drops 80% to £4m
Mortgage brokers will be contributing just £4m towards the Financial Services Compensation Scheme (FSCS) budget for the 2019/20 financial year. The post Mortgage brokers’ FSCS levy drops 80% to £4m...
View ArticleCMC targeting mortgage advice mis-selling with high volume of FSCS claims
The Financial Services Compensation Scheme (FSCS) has revealed it has been bombarded by a substantial number of mortgage advice mis-selling claims with little or no evidence. The post CMC targeting...
View ArticleFSCS outlines plans to reduce erroneous ambulance-chasing claims targeting...
The spike in claims against mortgage brokers received by the Financial Services Compensation Scheme (FSCS) last year largely constituted complaints about advice to remortgage and then invest in...
View ArticleTop 10 most read mortgage broker stories this week – 22/02/2019
This week’s most read on Mortgage Solutions and Specialist Lending Solutions saw the Financial Services Compensation Scheme (FSCS) feature prominently with a mortgage advice firm declared in default...
View ArticleFailed mortgage broker firms listed in default by FSCS
A pair of failed mortgage advice firms have been listed as in default by the Financial Services Compensation Scheme (FSCS). The post Failed mortgage broker firms listed in default by FSCS appeared...
View Article
