Introduction of mortgage regulation means intermediaries need more efficient ways of managing documents and data, as Jon Halestrap , director of sales and marketing at Invu , explains.
Since the introduction of last October’s Financial Services Authority (FSA) deadline on Mortgage Day, where all IFAs and mortgage brokers had to be registered with the FSA, there has been a step change for those in the business of giving financial advice. With the requirement to register came a whole load of regulations about document storage and handling, set down in the FSA’s policy and standards on records management. These have been taken up by some, but by no means all, of the industry. The regulations brought into force on Mortgage Day covered the whole of the mortgage process. Any...
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