MMR

All the key points from the final MMR consultation paper

The ongoing compliance costs of the Mortgage Market Review (MMR) proposals will cost the industry anything between £47m and £170m a year, with one-off implementation costs between £40m and £60m, according to the FSA.

The Financial Services Authority today announced plans to prevent a return of the risky mortgage lending seen in boom times, by proposing what it called "common sense" sales and underwriting standards across the market.

The FSA today proposes to ban non-advised mortgage sales, although all but the 'vulnerable' or those accessing higher-risk products will be able to opt-out of advice or reject it and proceed on an execution-only basis.

Bright Grey and Scottish Provident held a recent summit on the future of critical illness cover. Roger Edwards outlines its conclusions