AMI plays down RDR-style mortgage review speculation

Richard Farr, director of the AMI, says it is important the industry is focused on treating customers fairly (TCF) and not on “future developments that may never happen”. Last week Stephen Bland, FSA director, small firms division, gave a speech at the Mortgage Masters Conference on how the RDR could, but not necessarily would, affect the mortgage industry. At the tail-end of the speech, Bland picked up on some areas of concern in the mortgage advice arena and said there was a possibility it could have a major review of its own. The Retail Distribution Review, comments on which are due a...