Mortgage advisers still undecided on regulatory route

A survey of 250 advisers in November by IFA support services firm Sesame suggest 28% of mortgage advisers questioned so far favour the direct authorisation route, another 27% indicate they are likely to become appointed representatives of networks, however, 45% have yet to decide how they would prefer to be regulated. This is despite industry officials pointing out that it could take over six months to actually obtain direct authorisation from the Financial Services Authority to become a regulated mortgage adviser. At least 85% of advisers questioned say compliance support in order to m...