FISA to close next month

The body was established in 1988 in a joint initiative by brokers and lenders in the secured loan sector to enhance standards in the industry. The Association of Finance Brokers (AFB) says it has been in discussions with FISA to ensure support remains in place for all secured loan intermediaries, with FISA brokers offered free membership of the AFB for six months. "The demise of FISA is a reflection of how badly the economic downturn has impacted on our sector," says Robert Sinclair, director of the AFB. "However, brokers can be reassured that AFB remains in place to protect their interes...