A top 100 law firm has criticised mortgage brokers for not taking sufficient advice on forthcoming r...
A top 100 law firm has criticised mortgage brokers for not taking sufficient advice on forthcoming regulation and leaving them little time to go directly authorised. Philip Tebbatt, partner at Clarke Willmott, said: "The surprising thing is how few people in the industry are taking advice, particularly brokers." Tebbatt said the real worry is not in getting application forms prepared and passed by the FSA but in making brokers aware of the cultural change that lies ahead and ascertaining if current business processes will stand up to regulation. By leaving little time to make the necessar...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
