networks

Sesame has defended itself against accusations networks are not doing enough to help members reach the Level 4 qualifications required under the RDR.

Network Data has bought fellow network Mortgage Broking Services Limited (MBSL) for £2.215m.

A company designed to help adviser firms select an appropriate network via an online blind-date has been launched.

Over the last six months revenue at Sesame has risen by 3% on a year-by-year comparison, increasing speculation Misys may again be looking for a buyer for the company.

Packagers and networks have been warned they need to evolve further if they are to survive in the mortgage industry.

Only one lender has responded to a request from The Finance Centre (TFC) for detailed monthly reports of the amount of business being conducted on different FSA numbers.

Interdependence and the M&E networks have been voted by members to be the best in the IFA sector, ahead of last year's winner Berkeley Independent Advisers.

Since the story broke earlier this week of a potential change in the VAT treatment of networks and Appointed Representatives, there has been a lot of confusion as to what the issues really are, who the VAT is being imposed on, and why.

Appointed Representatives of IFA networks may soon be required to pay Value Added Tax on services delivered by their network principles, following a Customs & Excise ruling which suggests network firms are not exempt from payment.