£55k to £65K pro rata A business Start Up specialist in the Consumer Finance industry is required for the launch of a Financial Services sales team within an established online lead generator. The team will primarily focus on the sale of life insurance and private medical insurance.

The OFT has decided that Yes Loans Limited, one of the UK’s largest brokers of unsecured credit, is unfit to hold a consumer credit licence, as are two associated businesses, Blue Sky Personal Finance Limited and Money Worries Limited. The OFT found evidence that Yes Loans had engaged in unfair business practices, including: using high

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The review will investigate compliance with the Consumer Credit Act and the OFT’s guidance on irresponsible lending. There are a number of issues of concern that the OFT will focus on during the review, including: Giving loans without first checking adequately that the borrower can afford to repay them. Inappropriately targeting particular groups of people

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With the Government publishing draft legislation replacing the regulator with three bodies; the Financial Policy Committee, the Prudential Regulation Authority and the Financial Conduct Authority. The Financial Conduct Authority (FCA) will take over responsibility for consumer financial matters, and will also oversee the consumer credit market, currently presided over by the Office of Fair Trading

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The FSA banned its owner and director, Simon Latham, and former chief executive, Stuart Mason, from performing significant influence functions in the future. Latham has also been fined £17,500. Fastmoney arranged regulated mortgage contracts, including regulated bridging loans, on a non-advised basis for retail customers. Between August 2005 and March 2010, Fastmoney arranged 370 regulated

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New advisers and ARs were not subject to adequate vetting before being appointed and were not adequately trained or monitored after appointment The Financial Services Authority has fined Julian Harris £49,000 and banned him from performing the CF10 (compliance oversight) function and from acting as a compliance officer. failed to: •perform adequate due diligence on

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FSA’s Regional Assessment Programme and its follow up the Proactive Regulatory Review The Regional Assessment Programme consists of Business Risk Awareness workshops to which all smaller retail firms will be invited to and then a follow up regulatory review (the Proactive Regulatory Review) on the firm. The purpose of the workshops is to give regulated

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The Financial Services Authority (FSA) and the Office of Fair Trading (OFT) have joined forces to help prevent the problems associated with payment protection insurance (PPI) recurring in a new generation of products. The FSA and the OFT are consulting on proposed guidance to firms in relation to payment protection products – which can fall

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It is imperative that a company has robust compliance system in place and we would recommend Mortgage Stream for value for money and as the name suggests it does stream line your business.

Small example of unfair or improper business practices with regards to lead generation and direct marketing include: • Licensees dealing with known non-compliant lead generation businesses. For example, accepting consumer leads obtained from lead generation firms where it is known, or reasonably ought to be known, that they are employing the use of misleading marketing

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