News

News

  • If a data breach occurs, under which circumstances should you notify the individuals concerned directly? a) In all circumstances. b) Where there is a risk to the individuals' rights and freedoms. c) Where there is a high risk to the individuals' rights and freedoms. d) Never - you need only notify the relevant supervisory authority.  
    Newsletter
  • Mortgage sourcing on BAT On Monday 21st May 2018, our market leading provider 27Tec released updates. Equity Release will be available allowing this growing area of lending to be exposed alongside standard residential and secured loan products.  Equity Release is currently being added at no additional charge for existing users.  
    IFA news
  • The biggest changes in Data Protection may come with former IFAs leaving with data that belongs to their network of IFA sponsor firm.  Firms that leave networks are being asked to destroy data, and as an appointed representative, the network owns the data, not the AR (more on this next week.)
    Newsletter
  • In 2011 HMRC announced rules to encourage people to leave part of their estate on death to charity.  
    IFA news
  • It is only a matter of time before prosecutions in the magistrates court stem from IFAs keeping data on clients. A former recruitment consultant has now been prosecuted for stealing personal data from his old employer.
    IFA news
  • The FCA published this month of May a speech by Jonathan Davidson, FCA Director of Supervision: retail and authorisations, on building societies and the future of retail banking. Points of interest for mortgage brokers include:
    FCA news
  • IFAs keep reading about Multi Factor Investing… An area of markets that looks like a bubble to me…..amounts invested were reportedly £3bn in 2009, but now stand at twenty times that with some £70bn committed. So we asked Ken Baksh, our investment fund manager in residence:
    IFA news
  • Union Leaders told Tata Steel to boost future payouts to UK pensioners, after the company revealed a significant surplus in its retirement scheme following the recent changes to the scheme. 
    Newsletter
  • On 21 May 2018, the FCA published a webpage setting out the findings of its reviews of firms offering automated investment services.
    FCA news
  • What drives the Regulator in its crusade is its concern that investors are poor judges of their own best interest. The FCA takes the view that a fund manager is not ‘just’ a product provider, but also the agent of every investor that becomes a unitholder.   A few short years ago the market structure had clearly defined separation of roles with IFA as agent, responsible for the se
    IFA news

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